A Policy Framework for E-Money

S. Mohammad R. Davoodalhosseini and Francisco Rivadeneyra

Canadian Public Policy, 2020, vol. 46, issue 1, 94-106

Abstract: We present a policy framework for electronic money (e-money) and payments. The framework poses a set of positive questions related to the areas of responsibility of central banks: payment systems, monetary policy, and financial stability. The questions are posed regarding four broad forms of e-money: privately or publicly issued and with centralized or decentralized verification of transactions. This framework is intended to help evaluate the trade-offs that central banks face in the decision to issue new forms of e-money.

Keywords: digital currencies; monetary policy; payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: E41 E51 E52 E58 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (9)

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