This paper, based on Granger causality test in a vector autoregressive process, empirically analyzed the money supply in China.

在向量自回归模型基础上，通过格兰杰因果检验对我国货币供给的内生性或外生性作了实证检验。

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Then the author builds a model of money divisor and analyzes the process of the endogenous creation of money supply.

随后，建立货币除数模型，分析了货币内生创造过程。

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Through this process, the money supply increases.

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