Six Puzzles in Electronic Money and Banking

BySaleh M. Nsouli, Connel Fullenkamp

February 1, 2004

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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.

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:
https://doi.org/10.5089/9781451843774.001
Issue:
019
Series:
Working Paper No. 2004/019
Stock No:
WPIEA0192004
ISBN:
9781451843774
ISSN:
1018-5941

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