Monetary Policy, Monetary Areas, and Financial Development with Electronic Money /

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 t...

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Detalles Bibliográficos
Autor Principal: Arnone, Marco
Outros autores: Bandiera, Luca
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/122
Acceso en liña:Full text available on IMF