Monetary Policy, Monetary Areas, and Financial Development with Electronic Money [Elektronisk resurs] / Marco Arnone.
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Arnone, Marco. (författare)
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Arnone, Marco. (författare)
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Bandiera, Luca. (författare)
- ISBN 1451854528
- Publicerad: Washington, D.C. International Monetary Fund, 2004
- Engelska 1 online resource (42 p.)
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Serie: IMF Working Papers; Working Paper, 1018-5941 ; No. 04/122
- Relaterad länk:
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http://www.imfbookst... (IMF Book Store)
Sammanfattning
Ämnesord
Stäng
- 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 limits the demand for central bank reserves, this limitation would require changes in the central bank operational target and a closer coordination of monetary and fiscal policies. Also, the optimal size of monetary unions would be different. However, the current level of e-money use does not seem to pose a threat to the stability of the financial system. Thus, central banks can successfully implement the objectives of monetary policy.
Ämnesord
- ATM (imf)
- Central Bank (imf)
- Central Banking (imf)
- Credit (imf)
- Electronic Money (imf)
- International Monetary Arrangements and Institutions (imf)
- Canada (imf)
- Hong Kong Special Administrative Region of China (imf)
- Korea, Republic of (imf)
- Slovak Republic (imf)
- Taiwan Province of China (imf)
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