<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672016000100093</article-id>
<article-id pub-id-type="doi">10.1016/j.inveco.2016.03.003</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Impacto de los medios electrónicos de pago sobre la demanda de dinero]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Galán Figueroa]]></surname>
<given-names><![CDATA[Javier]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Venegas Martínez]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Politécnico Nacional  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2016</year>
</pub-date>
<volume>75</volume>
<numero>295</numero>
<fpage>93</fpage>
<lpage>124</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672016000100093&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672016000100093&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672016000100093&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Esta investigación examina el impacto de los sistemas electrónicos de pagos de alto y bajo valor sobre la demanda de dinero. Para ello se parte del marco teórico de un modelo de generaciones traslapadas que explica cómo el uso de los medios de pago electrónicos afecta a la demanda de dinero y cómo la autoridad puede incidir sobre dichos medios para garantizar su estabilidad y eficiencia. Posteriormente se aplican las metodologías de cointegración y de corrección de error para determinar la existencia de una relación de equilibrio entre los medios electrónicos de pago y la demanda de dinero.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[This paper examines the impact of electronic payment systems of high and low value on money demand. To do this, the research departs from the theoretical framework of a model of overlapping generations that explains how electronic payment systems affects money demand and how the authority can impact on the payment systems to ensure their stability and efficiency. Subsequently, the methodologies of cointegration and error correction are applied to determine the existence of an equilibrium between electronic payments and money demand.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[electronic transfers]]></kwd>
<kwd lng="en"><![CDATA[money demand]]></kwd>
<kwd lng="en"><![CDATA[monetary policy]]></kwd>
<kwd lng="en"><![CDATA[VEC.]]></kwd>
<kwd lng="es"><![CDATA[medios electrónicos de pago]]></kwd>
<kwd lng="es"><![CDATA[demanda de dinero]]></kwd>
<kwd lng="es"><![CDATA[política monetaria]]></kwd>
<kwd lng="es"><![CDATA[VEC.]]></kwd>
</kwd-group>
</article-meta>
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