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|z 9781451854527
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|a BD-DhAAL
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|a Arnone, Marco.
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|a Monetary Policy, Monetary Areas, and Financial Development with Electronic Money /
|c Marco Arnone, Luca Bandiera.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Bandiera, Luca.
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|a IMF Working Papers; Working Paper ;
|v No. 2004/122
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/122/001.2004.issue-122-en.xml
|z IMF e-Library
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