Electronic finance: a new perspective and challenges

Bank for International Settlements

No 7 in BIS Papers from Bank for International Settlements

Abstract: A workshop on electronic finance was convened by the BIS on 2-3 July 2001. The internet and related technology has begun to have a profound effect on how financial services are delivered. Discussion about e-finance is widespread within the financial community, covering both its potential to improve efficiency but also possible challenges it poses to financial and monetary stability. Rapid innovation and the paucity of reliable data are creating considerable uncertainty about the nature and size of these challenges. The workshop brought together a diverse group of experts (listed on pages iii-vi) from a range of economies, backgrounds and sectors; including practitioners, academics and central bankers. It focused on current and potential changes in trading systems and exchanges, payment systems and financial institutions. This volume starts with an overview based on the presentations given during the workshop, some of which are also included in the volume, and the ensuing discussions. The individual papers cover, inter alia, trading in wholesale financial markets, emerging competition in the payment system and the progress of virtual banks. Implications for financial supervision and monetary policy are also specifically addressed in separate papers. As there are a plethora of technical terms associated with the subject, a glossary is included at the end of this volume.

Date: 2001 Written 2001-11
ISBN: 92-9131-630-X
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Chapters in this book:

Electronic finance: an overview of the issues , pp 1-12

Setsuya Sato and John Hawkins

A new perspective to finance and competition and challenges for financial institutions in the internet era , pp 13-25

Lihui Lin, Xianjun Geng and Andrew Whinston

E-finance and the politics of transitions , pp 26-29

Steve Weber and John Zysman

Electronic trading and its implications for financial systems , pp 30-52

Helen Allen, John Hawkins and Setsuya Sato

Trading system competition and market-maker competition , pp 53-60

Mark Wahrenburg

Developments in retail payment systems , pp 61-68

Harry Leinonen

Regulation of the payments market and the prospect for digital money , pp 69-79

Peter Spencer

The financial progress of pure-play internet banks , pp 80-86

Robert De Young

Technology and e-finance in Japan , pp 87-89

Motoshige Itoh

Reflections on the regulatory approach to e-finance , pp 90-97

María J Nieto

Electronic finance and monetary policy , pp 98-105

John Hawkins

Glossary , pp 106-112

John Hawkins

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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisbps:07

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