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Electronic Money Flows - The Molding of a New Financial Order (Hardcover, 1991 ed.)
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Electronic Money Flows - The Molding of a New Financial Order (Hardcover, 1991 ed.)
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Electronic Money Flows describes the far-reaching present changes
under way in payments and capital markets. Electronic payment forms
are in the process of molding a new financial regime-largely shared
and inter dependent-throughout the world. Our earlier Electronic
Funds Transfers and Payments (Kluwer, 1987) looked at the new money
technology in its initial phases of development and in broad focus.
Then, as now, the contributors came from many different
disciplines. The synthesis of their diverse views laid out the
background for the electronic payments revolution to come, and the
great benefits but also risks for segmented sectors of society. The
old questions have not gone away; new ones have been added to the
agenda. For example, what is the nature of money today amidst an
array of computer-based options? What money and turnover concepts
are appropriate to the electronic age? What are the effects of
high-speed money flows on markets, volatility, money control, even
the business cycle? Is the financial system more prone to
instability but also to faster correction, given the swift movement
of money and payments? At the same time, is privacy imperilled by
the ubiquitous computer-linked webs that move both information and
money? This second book is thus companion to Electronic Funds
Transfers and Payments and expands upon it. Contributors discuss
the expectations that have and have not come to fruition, together
withthe new issuesofthe past four years."
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