The Rise of Digital Money

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498324908
Total Pages : 20 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Rise of Digital Money by : Mr.Tobias Adrian

Download or read book The Rise of Digital Money written by Mr.Tobias Adrian and published by International Monetary Fund. This book was released on 2019-07-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.

The Japanese Central Banking System Compared with Its European and American Counterparts

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Author :
Publisher : Springer
ISBN 13 : 9811390010
Total Pages : 343 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis The Japanese Central Banking System Compared with Its European and American Counterparts by : Yoshiharu Oritani

Download or read book The Japanese Central Banking System Compared with Its European and American Counterparts written by Yoshiharu Oritani and published by Springer. This book was released on 2019-07-09 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uniquely explores the role and governance mechanism of central banks by applying new institutional economics (NIE). Simultaneously, the book tests the analytical viability of NIE when applied to an organization that has both public and private characteristics. Special attention is paid to the Bank of Japan (BOJ) based on the author’s 30 years of work experience and “participant observation” there, touching upon discussion of central bank independence. The book argues that central bank independence cannot be defended solely by law, and a mechanism to eliminate requests from politicians needs to be embedded within the governance structure. The book also provides a comparative analysis between the BOJ and central banks in Europe and the USA. In reviewing the global financial crisis of 2008–2009, it suggests possible measures based on behavioral economics and public choice theory. These theory-based analyses provide useful insights when considering matters such as whether a central bank should issue electronic money or the European system of central banks could be established in Asia.

Smart Card Research and Advanced Applications

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Author :
Publisher : Springer
ISBN 13 : 0387355286
Total Pages : 388 pages
Book Rating : 4.3/5 (873 download)

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Book Synopsis Smart Card Research and Advanced Applications by : Josep Domingo-Ferrer

Download or read book Smart Card Research and Advanced Applications written by Josep Domingo-Ferrer and published by Springer. This book was released on 2013-03-14 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Smart cards or IC cards offer a huge potential for information processing purposes. The portability and processing power of IC cards allow for highly secure conditional access and reliable distributed information processing. IC cards that can perform highly sophisticated cryptographic computations are already available. Their application in the financial services and telecom industries are well known. But the potential of IC cards go well beyond that. Their applicability in mainstream Information Technology and the Networked Economy is limited mainly by our imagination; the information processing power that can be gained by using IC cards remains as yet mostly untapped and is not well understood. Here lies a vast uncovered research area which we are only beginning to assess, and which will have a great impact on the eventual success of the technology. The research challenges range from electrical engineering on the hardware side to tailor-made cryptographic applications on the software side, and their synergies. This volume comprises the proceedings of the Fourth Working Conference on Smart Card Research and Advanced Applications (CARDIS 2000), which was sponsored by the International Federation for Information Processing (IFIP) and held at the Hewlett-Packard Labs in the United Kingdom in September 2000. CARDIS conferences are unique in that they bring together researchers who are active in all aspects of design of IC cards and related devices and environments, thus stimulating synergy between different research communities from both academia and industry. This volume presents the latest advances in smart card research and applications, and will be essential reading for smart card developers, smart card application developers, and computer science researchers involved in computer architecture, computer security, and cryptography.

Rethinking Public Key Infrastructures and Digital Certificates

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Author :
Publisher : MIT Press
ISBN 13 : 9780262261661
Total Pages : 348 pages
Book Rating : 4.2/5 (616 download)

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Book Synopsis Rethinking Public Key Infrastructures and Digital Certificates by : Stefan Brands

Download or read book Rethinking Public Key Infrastructures and Digital Certificates written by Stefan Brands and published by MIT Press. This book was released on 2000-08-30 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stefan Brands proposes cryptographic building blocks for the design of digital certificates that preserve privacy without sacrificing security. As paper-based communication and transaction mechanisms are replaced by automated ones, traditional forms of security such as photographs and handwritten signatures are becoming outdated. Most security experts believe that digital certificates offer the best technology for safeguarding electronic communications. They are already widely used for authenticating and encrypting email and software, and eventually will be built into any device or piece of software that must be able to communicate securely. There is a serious problem, however, with this unavoidable trend: unless drastic measures are taken, everyone will be forced to communicate via what will be the most pervasive electronic surveillance tool ever built. There will also be abundant opportunity for misuse of digital certificates by hackers, unscrupulous employees, government agencies, financial institutions, insurance companies, and so on.In this book Stefan Brands proposes cryptographic building blocks for the design of digital certificates that preserve privacy without sacrificing security. Such certificates function in much the same way as cinema tickets or subway tokens: anyone can establish their validity and the data they specify, but no more than that. Furthermore, different actions by the same person cannot be linked. Certificate holders have control over what information is disclosed, and to whom. Subsets of the proposed cryptographic building blocks can be used in combination, allowing a cookbook approach to the design of public key infrastructures. Potential applications include electronic cash, electronic postage, digital rights management, pseudonyms for online chat rooms, health care information storage, electronic voting, and even electronic gambling.

E-Money: Prudential Supervision, Oversight, and User Protection

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Publisher : International Monetary Fund
ISBN 13 : 1513593404
Total Pages : 34 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis E-Money: Prudential Supervision, Oversight, and User Protection by : Mr. Marc C Dobler

Download or read book E-Money: Prudential Supervision, Oversight, and User Protection written by Mr. Marc C Dobler and published by International Monetary Fund. This book was released on 2021-12-14 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This departmental paper discusses the evolving prudential frameworks for nonbank issuers of electronic money. Some jurisdictions take a relatively light-touch approach to regulating electronic money issuers (EMIs). Others have sought to apply more stringent requirements to protect electronic money (e-money) users, as the sector has grown in importance. The paper aims to build on previous IMF staff contributions to the literature and to draw policy conclusions for strengthening e-money regulatory regimes; in particular in jurisdictions where issuers, individually or collectively, have grown to a size to which they are of macro-financial importance (see below). Chapter 2 provides background on the development of e-money, its economic benefits, and potential risks. Chapter 3 discusses prudential supervision of EMIs, followed in Chapter 4 by their oversight from a payments system perspective. Chapter 5 discusses potential additional measures for user protection and contingency arrangements for EMI failure. The last chapter presents policy recommendations for policymakers, especially in those emerging market economies and developing countries wherein EMIs have reached a scale at which they could have a significant economic impact if they were to fail.

Testing the Ex Ante Relationship Between Asset and Investment Returns in Japan

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Testing the Ex Ante Relationship Between Asset and Investment Returns in Japan by : 馬場直彦

Download or read book Testing the Ex Ante Relationship Between Asset and Investment Returns in Japan written by 馬場直彦 and published by . This book was released on 2000 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy in the Age of Information Technology

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Monetary Policy in the Age of Information Technology by : Robert James Gordon

Download or read book Monetary Policy in the Age of Information Technology written by Robert James Gordon and published by . This book was released on 1999 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Explanation of the Productivity Paradox

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Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis An Explanation of the Productivity Paradox by : Masahiro Kuroda

Download or read book An Explanation of the Productivity Paradox written by Masahiro Kuroda and published by . This book was released on 1999 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Zero Bound in an Open Economy

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Zero Bound in an Open Economy by : Lars E. O. Svensson

Download or read book The Zero Bound in an Open Economy written by Lars E. O. Svensson and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Bureau of Economic Research, Inc. (NBER) presents an abstract of an article entitled "The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap," by Lars E.O. Svensson. The article examines the transmission mechanism of monetary policy in an open economy with and without a binding zero bound on interest rates. Users may purchase the full text of the article.

The Productivity Paradox and Mismeasurement of Economic Activity

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Productivity Paradox and Mismeasurement of Economic Activity by : W. Erwin Diewert

Download or read book The Productivity Paradox and Mismeasurement of Economic Activity written by W. Erwin Diewert and published by . This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy in a Changing Economy

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Monetary Policy in a Changing Economy by : James H. Stock

Download or read book Monetary Policy in a Changing Economy written by James H. Stock and published by . This book was released on 1999 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Boskin Commission Report and Its Aftermath

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Boskin Commission Report and Its Aftermath by : Robert James Gordon

Download or read book The Boskin Commission Report and Its Aftermath written by Robert James Gordon and published by . This book was released on 1999 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizes the analysis and findings of the Boskin Commission, reviews criticisms, provides responses to criticisms, summarizes recent changes in the CPI and recent research on price measurement.

Prospects for Prudential Policy

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Prospects for Prudential Policy by : Nobuyuki Oda

Download or read book Prospects for Prudential Policy written by Nobuyuki Oda and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

What Happened to Japanese Banks?

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis What Happened to Japanese Banks? by : Takeo Hoshi

Download or read book What Happened to Japanese Banks? written by Takeo Hoshi and published by . This book was released on 2000 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technological Innovation and Banking Industry/monetary Policy

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Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Technological Innovation and Banking Industry/monetary Policy by :

Download or read book Technological Innovation and Banking Industry/monetary Policy written by and published by . This book was released on 2001 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Markets for Information Goods

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Markets for Information Goods by : Hal R. Varian

Download or read book Markets for Information Goods written by Hal R. Varian and published by . This book was released on 1999 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Note on Hedging Incentives for Managers

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis A Note on Hedging Incentives for Managers by : 馬場直彦

Download or read book A Note on Hedging Incentives for Managers written by 馬場直彦 and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates managers' hedging incentives against currency risk within the principal-agent framework.