Six Puzzles in Electronic Money and Banking

Saleh Nsouli and Connel Fullenkamp

No 2004/019, IMF Working Papers from International Monetary Fund

Abstract: The literature on the economic effects of electronic money and banking lacks organization and a common analytical framework. This paper identifies the main issues raised by e-money and e-banking and presents them as six puzzles. Our solutions to the puzzles build a framework for analyzing the effects of e-money and e-banking, and for choosing the appropriate approach to regulating electronic money and banking.

Keywords: WP; e-money provider; Internet banking; money demand; money supply; bank deposit; Internet e-banking; Electronic money; electronic banking; monetary policy; electronic money provider; government money; private e-money provider; unit of account; electronic money drive; Digital currencies; Currencies; Monetary base; Bank credit; Demand for money (search for similar items in EconPapers)
Pages: 30
Date: 2004-02-01
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Citations: View citations in EconPapers (2)

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