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Theoretical Foundations of Electronic Money

Author

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  • Melnichenko Oleksandr V.

    (University of Banking of the National Bank of Ukraine)

Abstract

The article is devoted to identification of the place of electronic money in the theory of modern money, specification of functions and assessment of their value in the money circulation of a country. The article analyses approaches to identification of functions of modern money, critically assesses vision of scientists with respect to electronic money functioning, gives its characteristic and provides different and common features with cash and non-cash forms of money. It justifies features of electronic money and a necessity of the state security as of one of the forms of money. Urgency of this study lies in the fact that the modern scientists pay insufficient attention to the theoretical foundations of electronic money. And those of them who study this subject do not describe necessary and important aspects of the theory of electronic money.

Suggested Citation

  • Melnichenko Oleksandr V., 2013. "Theoretical Foundations of Electronic Money," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 8, pages 284-290.
    • Handle: RePEc:idp:bizinf:y:2013:i:8:p:284_290
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