本研究結合共整合分析與誤差修正模型，以一般動差法進行實證迴歸分析，研究期間為1976年至2000年。資料來源主要為教育部電子計算機中心之Aremos經濟統計資料庫，並由財政部金融統計提要取得信用卡之相關統計資料、美國聯邦銀行網站取得美國次級市場三個月國庫券利率。
實證結果顯示信用卡對各定義貨幣求皆有顯著的抑制效果，符合理論預期與直觀推論：信用卡具有部分貨幣功能，就替代效果而言，此支付工具的普及，對貨幣需求有負面影響。另外，本文以均方根誤差、絕對平均差與Theil不等係數等衡量預測績效的指標評量CC與CG的預測能力，結果顯示CC有較好的預測成效。

一、 中文文獻
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9. 廖俊男（March 1999），『信用卡、自動提款機、春節因素與通貨需求間之長期關係─台灣之實證分析』，中央銀行季刊，第21卷，第一期，頁89-109。
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