This paper discusses the matter of E-money, looking at the article titled "The Global Economy: Financial, Monetary, Trade and Knowledge Asymmetries" by Bernd Kempa.
# 84413 | 1,125 words | 5 sources | 2005 |
Published on Dec 01, 2005 in Accounting (Financial) , Business (Finance, Investment and Banking) , Economics (International) , Computer and Technology (Internet)
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This paper discusses Bernd Kempa's article titled "The Global Economy: Financial, Monetary, Trade and Knowledge Asymmetries". The writer studies questions over what regulation should apply to e-money systems, particularly of small-scale transaction services). Various e-money application systems are examined in this article, including both card-based and network-based systems, Mondex and Geldkarte.
From the Paper:"The purpose of this paper is to discuss and analyze Bern Kempa's essay on "The Global Economy: financial, Monetary, Trade and Knowledge Asymmetries". Kempa's thesis is based on the assumption that the emergence of electronic money will impact destabilize money markets and weaken monetary policies. He suggests that e-money poses as a potential threat to central bank money and to the existence of money itself. Kempa discusses how e-money first came about, as a result from advancement in cryptography and smart card technology."
Cite this Analytical Essay:
E-Money (2005, December 01) Retrieved June 17, 2019, from https://www.academon.com/analytical-essay/e-money-84413/
"E-Money" 01 December 2005. Web. 17 June. 2019. <https://www.academon.com/analytical-essay/e-money-84413/>