BIS E-money Report
John Young
jya at pipeline.com
Wed Nov 20 21:24:04 PST 1996
Thanks to IG, we've put a copy of the BIS report on E-money at:
http://jya.com/bis_emoney.html
Here's a blurb from the intro:
Implications for Central Banks of the Development of Electronic
Money
October 1996
Since the end of 1995 the central banks of the Group of Ten (G-10)
countries have been studying the development of electronic money
and the various policy issues which it raises. Much of this work
has been carried out by the Committee on Payment and Settlement
Systems (CPSS) or by monetary policy experts from G-10 central
banks. Electronic money was discussed by BIS member central banks
at meetings in Basle in July and September 1996. In August, the
BIS published a report on the Security of Electronic Money
prepared by the CPSS and the Group of Computer Experts.
This report provides a definition of electronic money and a
description of its key features. It discusses the factors influencing
the development of e-money products. Finally, it reviews the policy
issues raised by e-money developments, as seen from a central bank
perspective, and discusses the possible policy responses.
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