currency of the net - e-Money: potential untapped

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Author One: Prakash Dasot

Macroeconomics from University Library of Munich, Germany

Abstract: The paper aims to unravel the future implications of digitized money, i.e. e-Money. The Internet revolution has not left the financial sector untouched. e-Money shall be its fallout. The paper explores the impact of e-Money envisaged on businesses and monetary transactions as a whole. The infinite time divisibility of currency on the net shall help e-Money acquire a truly universal character and shall make it the driver of the global e- economy. This would also considerably affect the control functions of the Central Banks. Keywords: Barter System, e-Money, interest rates, time divisibility of money, universal currency, money multiplier, high-powered money.

Keywords: time divisibility of money; granularity (search for similar items in EconPapers)
JEL-codes: E4 (search for similar items in EconPapers)
Pages: 345 pages
Date: 2001-08-03
New Economics Papers: this item is included in nep-ifn and nep-ino
Note: Type of Document - word; prepared on windows; to print on HP/PostScript/Franciscan monk; pages: 345,395,4323247 ; figures: included/request from author/draw your own. We never published this piece and now we would like to reduce our mailing and xerox cost by posting it.
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