Analyzing from the money supply Angle, we think that the spread of electronic currency will influence the credit creation and make the money multiplier rising.

从货币供给角度分析，电子货币的普及会对信用创造过程产生影响，使得信用乘数上升。

youdao

And there could be a multiplier in respect of the creation of credit - because when banks lend via this form of so-called asset-backed finance, they are allowed by the capital-adequacy rules to allocate half as much of their precious capital resources as when providing overdraft loans.

BBC: How business can bypass banks