EconPapers    
Economics at your fingertips  
 

Alternative Monies and the Demand for Media of Exchange

Anthony M Santomero and John Seater ()

Journal of Money, Credit and Banking, 1996, vol. 28, issue 4, 942-60

Abstract: A new value transfer system using alternative monies is emerging as a result of innovations such as prepaid cards, smart cards and the so-called electronic purse. This paper begins with a review of the changes in the value transfer system that are occurring in the economy. It then proceeds to analyze consumer reaction to this trend. It investigates the effect of variations in the number and type of monies on consumer transactions demand. We investigate the behavior of a representative agent faced with a choice of money with which to transact and ask how variations in their characteristics will affect the consumer's choice of transactions vehicle, transaction frequency and average balances in various media. Interestingly, the results are not transparent. Copyright 1996 by Ohio State University Press.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (33) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0022-2879%2819961 ... 0.CO%3B2-G&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Journal Article: Alternative monies and the demand for media of exchange (1996)
Working Paper: Alternative Monies and the Demand for Media of Exchange (1995) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:28:y:1996:i:4:p:942-60

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2019-08-09
Handle: RePEc:mcb:jmoncb:v:28:y:1996:i:4:p:942-60