Central bank digital currency cannot solve inflation

1. 1. Its quantity is too small compared with the currency in circulation; 2. Digital currency is generally not used to buy goods. So digital money will not inflate.

2. No, it can be said that 100% is a fraud. In fact, even bitcoin countries are not allowed to trade at present. It's better to speculate in stocks than to have that money

3.

There is no consistent definition of direct banking in China. In general, direct banking is a way that banks break the traditional counter business and can directly handle business on the Internet in order to attract more users and facilitate the use of customers. Users can handle business through web pages, mobile terminals, etc, Save a lot of waiting time for both sides. The business philosophy of this mode is to develop towards faster and more convenient business processing, which greatly reces the time and energy spent by users in banking business processing. Compared with the traditional banks in the past, direct banks mainly have the advantages of strong network dependence, accurate business procts, low cost, convenient and fast, but the relative strong network dependence is also a major factor hindering the development of direct banks. These characteristics make the transaction process of direct bank very simple, operation time is short, the staff is reced a lot, the use of fixed equipment and original procts is reced a lot, and the cost is greatly reced, which is an innovation for the bank to survive in the increasingly fierce competition

There are four trends in the development of direct banking

Technology enables the development of direct banking. The application of cloud computing, big data, artificial intelligence, blockchain and other new generation information technology will fundamentally change the operation mode of direct banking, improve service efficiency and level, and rece service cost. The specific ways are mainly reflected in the following aspects. One is to further improve user experience and service efficiency by introcing new technologies such as machine learning, virtual reality and biometrics; Second, through cloud computing, distributed architecture and other solutions, reconstruct the infrastructure deployment mode, rece operating costs, and build the ability to serve a large number of customers; The third is to use big data to improve the level of risk control, anti fraud, proct pricing, precision marketing, intelligent investment consulting, etc. In addition, blockchain and other technologies can provide strong support for the new financial transaction mode

In the process of using financial technology, on the one hand, direct banks should grasp the development trend of financial technology, and lay out the field of financial technology by strengthening talent reserve and technology accumulation, and communicating and cooperating with third parties. In the process of continuously enhancing the ability of self-control of core technologies and optimizing and improving the efficiency of the overall science and technology system, we should carry out learning and Research on emerging frontier technologies, apply innovation, cultivate data thinking, establish cooperation mechanisms between internal and external parties, and strengthen mutually beneficial cooperation with frontier high-tech enterprises in big data, cloud computing, artificial intelligence, blockchain, etc, Innovative laboratories such as intelligent risk control and precision marketing can be set up in the form of joint construction, and innovative projects can be researched and implemented to build an intelligent financial technology system with strong cloud computing and big data processing capabilities. On the other hand, it is necessary to build a standardized open business platform, formulate standardized cooperation docking process, build a standardized merchant cooperation platform system integrating docking, joint debugging, testing, online and operation management, quickly and efficiently promote technology docking and financial services standardized output, and use scientific and technological means to improve business capacity

2. The development strategy of platform will become the priority of direct banks in the future. In recent years, platform economy is rising rapidly. Among the top 10 companies with global market value in 2017, platform enterprises occupy as many as six seats, namely apple, Google, Facebook, Amazon, Alibaba and Tencent. Platform economy has become a worldwide trend business model and a new economic development paradigm, which has promoted the major changes in proction and lifestyle, and has increasingly become an important part of social economy

for commercial banks, the rapid development of platform economy has brought both opportunities and challenges. Platform enterprises gather a large number of merchants and customers. Merchants and customers have financial service needs. The platform has financial cross-border cooperation, data commercialization, business compliance and other needs, which puts forward new requirements for the traditional customer acquisition and service mode of commercial banks. The platform has rich resources such as business flow, logistics and capital flow, and is an important customer group of commercial banks

direct banking service platform will become the future trend. Through the construction of financial service intermediary platform, the direct bank realizes the integration of basic procts and services of the bank, interbank, non interbank and other institutions in the proct end, and creates the financial cloud of wealth management, network financing, payment and settlement, big data services. In terms of customer service, it will realize the integration of platform enterprises, small and medium-sized enterprises on the platform, small and medium-sized enterprises on the platform Comprehensive and comprehensive services for consumers on the platform

in the face of different platforms in the fields of consumption, instry and government affairs, the strategies of financial intermediary service platform constructed by banks are also different, which can be built according to three modes

(1) for those related fields that have not yet formed a platform for aggregation and specialization, direct banks can integrate internal and external resources, open up key nodes through self construction, M & A, investment and other forms, and build an in-house financial intermediary service platform to cover the whole scene of subdivided instries. Taking the acquisition of auto home by Ping An Trust in 2016 as an example, auto home, as a domestic auto vertical professional media, will not only obtain strong support from Ping An Group in terms of capital, but also become an important part of building an all-round auto service ecosystem for Ping An group. To build a platform model, it is generally necessary to rely on the resources of the group or parent bank to form a synergy of public and retail business; In addition, banks need to define their own service boundary, avoid large and comprehensive platform, resulting in excessive resource investment, and it is difficult to meet the personalized needs

(2) if a specialized platform has been formed in relevant fields, or the platform has not extended to the financial field e to regulatory requirements, direct banks can export financial procts and services through docking with such platforms

(3) the relevant fields have formed monopolistic resource integrators, and the services have been extended to the financial field, so it is difficult for banks to build their own platform to let the participants settle in. The relatively feasible solution for direct banks is to provide funds and financial services to the platform

3. Service scenario. In the future, direct banking procts will be a standardized proct that can be easily embedded into various financial scenarios. According to the view of a bank's senior financial practitioners, it is financial media. In the future, Internet banking and direct banking will become media tools for a bank to carry out mobile financial transformation. In the Internet dimension space, Internet banking and direct banking will become media tools, As a medium like air, it permeates into various scenes of financial services

4. Independent organizational structure. Most foreign direct banks adopt the independent legal person business model, and China's direct banks will graally develop in the direction of independence. With the official opening of Baixin bank, the first independent legal person direct bank in China, several independent legal person direct banks may be approved. The independent organizational structure of direct bank will have a positive impact on proct innovation, risk isolation from parent bank, mobilization of team enthusiasm, cost accounting, customer management, science and technology development mechanism, etc

In the process of independent corporatization of direct banking, the introction of external strategic investors will become one of the options. Through the introction of strategic investors, the capital strength can be improved. At the same time, through the docking with shareholders' resources, technology, scene, etc., the construction and development ability of direct banking ecology can be rapidly improved, and the coordination and win-win between direct banking and shareholders can be realized

4. With the development of Chinese society, the demand for money is increasing
factors that determine the currency circulation:
proctivity (which determines the total price of goods) determines the currency circulation of a country. If a country's currency issuing institutions issue excessive amount of money, but the proctivity does not increase correspondingly, that is, the goods proced do not increase correspondingly. In this way, because of the relationship between supply and demand, more money will be used to buy goods, and the currency will depreciate internationally
money is just a form of government controlling the economy of a country. For example, the government wants to enrich the Treasury, one way is normal taxation, and the other way is printing money. The second method is because the proctivity does not develop correspondingly (the number of commodities does not increase correspondingly), and the money on the hands of the common people is worthless, which means that the second method will make the government rich and the common people poor, and then the common people can not afford to buy things, which is not concive to economic development (not concive to the increase of commodity proction)
therefore, the government is trying to ensure the stability of the rise and fall of the issued currency
to make the country rich as a whole, it is necessary to ensure economic development. After economic development, more goods will be proced, and less money will buy more goods, and the currency will appreciate. Then, in order to ensure the balance of import and export, the government will print some money to circulate in the market, so that the currency appreciation will not be too fast.

5. Now the focus of the country has shifted from inflation to deflation. Does it mean that inflation is almost in the past? It shows that China has the ability to control inflation.
inflation is the proct of the rapid economic development and investment overheating. When the economy is overheating, China has purposeful macro-control to effectively curb the development of inflation, For example, the deposit and loan interest rates were raised many times from 2007 to early 2008, and the stamp ty was raised in the stock market in 2007 to carry out macro-control
in the rising channel of RMB exchange rate, the exchange rate will suppress inflation to a great extent
on the way of RMB appreciation, the inflation rate will remain at a very low level
in 2008, when the economy is turbulent, because China has not fully entered the WTO, The impact of the financial crisis on China is relatively small compared with other countries in the world, and it will also make the RMB exchange rate rise

6. Inflation --- because the total supply of money is greater than the total demand, the prices generally continue to rise, resulting in the devaluation of the standard currency. This kind of unbalanced economic phenomenon is called inflation

the three functions of the central bank
the issuing bank monopolizes the issuance of RMB
the amount of RMB issued is used to control inflation if the demand
the National Bank represents the country Management specifies the implementation of fiscal revenue and expenditure policies, manages the Treasury, serves the country
determines the next year's budget by summing up the fiscal deficit of the previous year
banks --- do not operate the business of other ordinary commercial banks, and do not have business dealings with them
only serve financial institutions, retain their reserves, provide credit and provide intermediary business such as clearing for them Of course, the central bank also uses the general monetary policy tools of the reserve rate rediscount green policy, direct and indirect monetary policy tools of the open market business, moral persuasion and other selective monetary policy tools to adjust

7. 1. Adopting loose monetary policy (printing more money, or recing interest, etc.) can increase the amount of real money in circulation and stimulate aggregate demand
2. Expanding fiscal expenditure can directly increase aggregate demand, and can also drive the increase of private investment through the "multiplier effect" of investment

the above two methods are often used by the central bank for their quick effect, easy operation and positive short-term response. At the same time, there are also some methods that need long-term implementation to be effective, but have less side effects on the economy as a whole, such as:

3. Adopting structural adjustment means, that is, recing the output of surplus sectors or instries and encouraging the development of emerging sectors or instries
4. To change expectations, the government should increase public confidence in the future economic development trend through various publicity means
5. Improve the social security system, appropriately improve the distribution pattern of national income, and increase the income level and consumption level of middle and lower class residents, so as to increase consumption demand
6. Adjust and control the national composite price index, and only issue the currency equivalent to the national quantity, resulting in unlimited currency appreciation
theoretically

8. One of the purposes of appreciation is to rece inflation. The appreciation of RMB can make the prices of oil, iron ore, imported grain and other raw materials fall and resist inflation. It is to rece export competition. The disadvantage is that the profits of Chinese enterprises will decline, but it can also force enterprises to speed up their transformation, instead of doing low-end manufacturing with low added value. In the past, China's surplus was too large, that is, more exports and less imports, which was equivalent to lending to Americans for consumption. Moreover, these bonds could not invest in high-yield and high-risk projects. They could only buy low-yield treasury bonds, which was equivalent to the devaluation of the money saved by the common people. Can they not appreciate? As for foreign investment, it is not necessary to worry about it. It is still the central bank has the final say whether the renminbi rises or falls.