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Working Paper

Electronic Money

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This paper will attempt to identify the issues that need to be addressed in order for stored-value cards and other electronic money systems to become a major payment mechanism in the global financial market. These new payments devices require a thorough evaluation of the appropriate regulatory, legal, and policy responses, as well as an estimate of the market acceptance (diffusion of this technology) throughout the financial and social system. These types of cards have the potential to have far reaching effects, if they are accepted by both consumers and merchants.
08.01.1997ISSN 2573-7953 WP 97-16DOI 10.26509/frbc-wp-199716

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Good, Barbara. 1997. “Electronic Money.” Federal Reserve Bank of Cleveland, Working Paper No. 97-16. https://doi.org/10.26509/frbc-wp-199716