Verfügbarkeit: Monetary Policy, Monetary Areas, and Financial Development with Electronic Money

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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1. Verfasser:	Arnone, Marco (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2004
Schriftenreihe:	IMF Working Papers Working Paper No. 04/122
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers
Zusammenfassung:	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
Beschreibung:	1 Online-Ressource (42 p)
ISBN:	1451854528 9781451854527

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spelling	Arnone, Marco Verfasser aut Monetary Policy, Monetary Areas, and Financial Development with Electronic Money Arnone, Marco Washington, D.C International Monetary Fund 2004 1 Online-Ressource (42 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/122 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 Online-Ausg Bandiera, Luca Sonstige oth http://elibrary.imf.org/view/IMF001/04713-9781451854527/04713-9781451854527/04713-9781451854527.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Arnone, Marco Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
title	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
title_auth	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
title_exact_search	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
title_exact_search_txtP	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
title_full	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money Arnone, Marco
title_fullStr	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money Arnone, Marco
title_full_unstemmed	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money Arnone, Marco
title_short	Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
title_sort	monetary policy monetary areas and financial development with electronic money
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