In this Study, We Estimated the Effects of Electronic Payment Instruments (Card, ATM, POS) on Money Supply in IRAN. We Used the Iranians Time Series Data from 1384 to 1393 (quarterly) and the Money Supply in ARDL (Auto-Regressive Distributed Lag) Method are Estimated.
The Obtained Results Show that if the Number of CARD, ATM and POS as Electronic Payment Instruments Increased, the Money Supply was Increased too and the Power of Money Creation by Banks will Incease