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Monetary Policy, Monetary Areas, and Financial Development with Electronic Money [electronic resource] Arnone, Marco.

Author/Creator:
Arnone, Marco.
Publication:
Washington, D.C. : International Monetary Fund, 2004.
Format/Description:
Government document
Book
1 online resource (42 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 04/122.
IMF Working Papers; Working Paper No. 04/122
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Local subjects:
Aggregate demand. (search)
Cash cards. (search)
Central bank. (search)
Clearinghouses. (search)
Collateral. (search)
Counterpart. (search)
Credit. (search)
Credit cards. (search)
General. (search)
Government and the Monetary System. (search)
Government securities. (search)
Inflation. (search)
International monetary arrangements. (search)
International Monetary Arrangements and Institutions. (search)
Monetary aggregates. (search)
Monetary area. (search)
Monetary areas. (search)
Monetary arrangements. (search)
Monetary authority. (search)
Monetary base. (search)
Monetary control. (search)
Monetary economics. (search)
Monetary fund. (search)
Monetary operations. (search)
Monetary policies. (search)
Monetary policy. (search)
Monetary policy decisions. (search)
Monetary policy implementation. (search)
Monetary Standards and Regimes. (search)
Monetary system. (search)
Monetary systems. (search)
Monetary union. (search)
Monetary unions. (search)
Monetary value. (search)
Money supply. (search)
Open market operations. (search)
Payment system. (search)
Payment systems. (search)
Payments. (search)
Prices. (search)
Purchases. (search)
Queuing. (search)
Reserve requirement. (search)
Reserve requirements. (search)
Rtgs. (search)
Seigniorage. (search)
Substitution. (search)
Systemic risk. (search)
Tight monetary policy. (search)
Transmission of monetary policy. (search)
Brazil. (search)
Canada. (search)
Czech Republic. (search)
Finland. (search)
France. (search)
Germany. (search)
Grenada. (search)
Honduras. (search)
Hong Kong Special Administrative Region of China. (search)
India. (search)
Italy. (search)
Korea, Republic of. (search)
Malaysia. (search)
Nigeria. (search)
Norway. (search)
Philippines. (search)
Saint Lucia. (search)
Singapore. (search)
Slovak Republic. (search)
Taiwan Province of China. (search)
Turkey. (search)
United Kingdom. (search)
United States. (search)
Venezuela, República Bolivariana de. (search)
Summary:
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.
Notes:
Description based on print version record.
Contributor:
Arnone, Marco.
Bandiera, Luca.
Other format:
Print Version:
ISBN:
1451854528:
9781451854527
ISSN:
1018-5941
Publisher Number:
10.5089/9781451854527.001
Access Restriction:
Restricted for use by site license.