Security of E-Money

[John Young]

The Bank for International Settlements (BIS) published in
August, 1996, "Security of Electronic Money," a long, 
detailed study. Compare this architecture to Anderson/Kuhn's 
and Biham/Shamir's recent demolition.

The orginal is available at:

     http://www.bis.org/publ/cpss18.pdf

Better, Ian Grigg has HTML-ed it at:

      http://www.systemics.com/docs/papers/BIS_smart_security.html