3-30-96 Economist, three related E-money reports: "Trials of digital cash and smart cards seem to be going on everywhere. Who will win the race to control tomorrow's money?" "Digitising dollars." Citicorp's Electronic Monetary System could make all forms of physical money redundant, and, if it wins broad acceptance, could help to solve some of the financial industry's most intractable problems. "The foreign exchange market: illiquid lunch." Diminishing liquidity; settlement risk; impact of electronic brokering. EMO_ney