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Electronic Money As Basis Of Payments At Electronic Banking: Development And Consequences

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  • Valentina Grozdeva

Abstract

The study discusses the basic kinds of electronic bank operations – electronic payments. These operations are based on electronic money. The analysis of the economic nature of electronic money in wide and narrow sense is done. Features and prospects of regulation by the Central bank of electronic money in the future are discussed. Attention is drawn to an opportunity of occurrence so-called electronic seigniorage. At the presence of private electronic money this seigniorage will not belong any more to the state. The analysis of a condition of electronic payments in the Bulgarian bank system for 6 years period (from 1999 up to 2004) is made.

Suggested Citation

  • Valentina Grozdeva, 2006. "Electronic Money As Basis Of Payments At Electronic Banking: Development And Consequences," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 112-136.
    • Handle: RePEc:bas:econst:y:2006:i:1:p:112-136
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    References listed on IDEAS

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    1. Benjamin M. Friedman, 1999. "The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps?," International Finance, Wiley Blackwell, vol. 2(3), pages 321-338, November.
    2. Mervyn A. King, 1999. "Challenges for monetary policy : new and old," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 11-57.
    3. Charles A. E. Goodhart, 2000. "Can Central Banking Survive the IT Revolution?," International Finance, Wiley Blackwell, vol. 3(2), pages 189-209, July.
    4. Otmar Issing, 2000. "The monetary policy of the European Central Bank : strategy and implementation ; the European Monetary Union," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 1(02), pages 3-9, October.
    5. Benjamin M. Friedman, 1999. "The Future of Monetary Policy: The Central Bank as an Army With Only a Signal Corps," NBER Working Papers 7420, National Bureau of Economic Research, Inc.
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    7. repec:bla:intfin:v:2:y:1999:i:3:p:321-38 is not listed on IDEAS
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    More about this item

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F01 - International Economics - - General - - - Global Outlook
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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