Six Puzzles in Electronic Money and Banking
February 1, 2004
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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.
Subject: Bank credit, Banking, Currencies, Demand for money, Digital currencies, Monetary base, Money, Technology
Keywords: Bank credit, bank deposit, Currencies, Demand for money, Digital currencies, e-money provider, electronic banking, Electronic money, electronic money drive, electronic money provider, government money, Internet banking, Internet e-banking, Monetary base, monetary policy, money demand, money supply, private e-money provider, unit of account, WP
Pages:
30
Volume:
2004
DOI:
Issue:
019
Series:
Working Paper No. 2004/019
Stock No:
WPIEA0192004
ISBN:
9781451843774
ISSN:
1018-5941
