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| Author: | Green, E. J. |
| Title: | Payment arrangements and inflation |
| Journal: | American Economic Review
2002 : MAY, VOL. 92:2, p. 51-57 |
| Index terms: | INFLATION MONETARY POLICY MONETARY THEORY PAYMENT SYSTEMS |
| Language: | eng |
| Abstract: | The past decade has been a period of commercial and technical innovation in payment arrangements that avoid, or economize on, the use of currency, bank reserves, and bank balances - the "outside and inside money" of prosaic monetary theory. Central bankers and scholars of central banking have begun to consider whether this development will ultimately affect how monetary policy should be conducted and whether policy can be effective. |
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