Bank notes and stored-value cards: stepping lightly into the past

Like the bank notes that circulated in this country from 1863 to 1913, stored-value cards substitute the liabilities of private banks for government and central-bank liabilities. This shift may have important implications for the federal budget, the money supply, and monetary policy.

MoreLess

Year of publication:	1998
Authors:	Osterberg, William P. ; Thomson, James B.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1998, Sep, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Smart cards \| Money \| Monetary policy

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005390452