Monetary policy implications of digital money

被引：53

作者：

Berentsen, A ^{[1
]}

机构：

[1] Univ Bern, Dept Econ, CH-3012 Bern, Switzerland

来源：

KYKLOS | 1998年 / 51卷 / 01期

关键词：

D O I：

10.1111/1467-6435.00039

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The term digital money refers to various proposed electronic payment mechanisms designed to use by consumers to make retail payments. These mechanisms are based either on smart cards or on network money. Smart cards could potentially replace currency as the predominant means to pay for retail purchases. Software-based digital money products (network money) bring cheap electronic funds transfers to individuals and small firms. This paper examines how digital money affects the demand for money and bow this process, in turn, affects the demand for reserves, monetary control, and the monetary transmission mechanism.

引用

页码：89 / 117

页数：29

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