Series: IMF Working Papers
Author(s): Marco Arnone , and Luca Bandiera
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2004
Keywords: electronic money, central bank, atm, credit, reserve requirements, Money and Interest Rates: General, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, International Monetary Arrangements and Institutions,
Electronic money (e-money), as a network good, could become an important form of currency in the future. Such a development could affect monetary policy effectiveness. If an increased use of e-money substantially l...