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E-Money Development Within Contemporary Economies

Author

Listed:
  • Bogdan-Ion Boldea

    () (West University of Timisoara, Faculty of Economics and Business Administration)

  • Maria Boldea

    () (West University of Timisoara, Faculty of Economics and Business Administration)

Abstract

Development is the upward directional movement of society from lesser togreater levels of energy, efficiency, quality, productivity, complexity, comprehension,creativity, enjoyment and accomplishment. These attributes are both the means for achievingdevelopment as well as its most characteristic expressions or results. Money has played a parallel role at the social level as a medium for urbanization,multiplying economic activities by several orders of magnitude. The forms money has takenon over centuries have always been closely connected with the technological developments inthe economy. As simple economies evolved into more complicated economies, money hasalways adapted to the different economic circumstances. With respect to the latest innovationsin the computer industry a new form of money has evolved: e-money.

Suggested Citation

  • Bogdan-Ion Boldea & Maria Boldea, 2008. "E-Money Development Within Contemporary Economies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 1-7.
  • Handle: RePEc:alu:journl:v:2:y:2008:i:10:p:7
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    References listed on IDEAS

    as
    1. Berentsen, Aleksander, 1998. "Monetary Policy Implications of Digital Money," Kyklos, Wiley Blackwell, vol. 51(1), pages 89-117.
    2. Friedman, Benjamin M, 1999. "The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps?," International Finance, Wiley Blackwell, vol. 2(3), pages 321-338, November.
    3. Benjamin M. Friedman, 1999. "The Future of Monetary Policy: The Central Bank as an Army With Only a Signal Corps," NBER Working Papers 7420, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    evolution; knowledge; e-money; development;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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