E-Money Will Not Destroy Banking System

from the phew dept

A very interesting article in the economist about e-money. The original question they discussed was whether or not e-money will get rid of the government’s control of interest rates by making central banks obsolete. Recent studies suggest this is very unlikely. The reasons for this make a lot of sense. Basically, the fact is that banks provide a lot more than just a place to store your cash.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...