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E-money and communities of payments

Author

Listed:
  • Olivier Hueber

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article examines which are the potential ways to settle transactions by going off the official public e-money. By focussing in particular on the PayPal's and Linden Dollars services, it stresses firstly on the impact of new forms of electronic payments on the banking system. Studying such an impact allows us to spotlight the money creation function held by banks. Secondly, this paper shows that new nearly e-monies promote the emergence on new communities of payment with all the consequences traditionally observed in any community namely network externalities and transaction costs.

Suggested Citation

  • Olivier Hueber, 2007. "E-money and communities of payments," Post-Print hal-00441155, HAL.
  • Handle: RePEc:hal:journl:hal-00441155
    Note: View the original document on HAL open archive server: https://hal.science/hal-00441155
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    File URL: https://hal.science/hal-00441155/document
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