Six Puzzles in Electronic Money and Banking

Author/Editor:

Saleh M. Nsouli ; Connel Fullenkamp

Publication Date:

February 1, 2004

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The literature on the economic effects of electronic money and banking lacks organization and a common analytical framework. This paper identifies the main issues raised by e-money and e-banking and presents them as six puzzles. Our solutions to the puzzles build a framework for analyzing the effects of e-money and e-banking, and for choosing the appropriate approach to regulating electronic money and banking.

Series:

Working Paper No. 2004/019

Subject:

Bank credit Banking Currencies Demand for money Digital currencies Monetary base Money Technology

English

Publication Date:

February 1, 2004

ISBN/ISSN:

9781451843774/1018-5941

Stock No:

WPIEA0192004

Pages:

30

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