currency of the net - e-Money : potential untapped
AbstractThe paper aims to unravel the future implications of digitized money, i.e. e-Money. The Internet revolution has not left the financial sector untouched. e-Money shall be its fallout. The paper explores the impact of e-Money envisaged on businesses and monetary transactions as a whole. The infinite time divisibility of currency on the net shall help e-Money acquire a truly universal character and shall make it the driver of the global e- economy. This would also considerably affect the control functions of the Central Banks. Keywords: Barter System, e-Money, interest rates, time divisibility of money, universal currency, money multiplier, high-powered money.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0108001.
Length: 345 pages
Date of creation: 03 Aug 2001
Date of revision:
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time divisibility of money; granularity;
Find related papers by JEL classification:
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-08-15 (All new papers)
- NEP-IFN-2001-08-15 (International Finance)
- NEP-INO-2001-08-15 (Innovation)
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