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Institute of Public Finance

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Some Ambiguities Concerning the Development of Electronic Money

Helmi Hamdi, Centre of Economic Analys University Paul Cezanne Aix-Marseille III Aix-en-Provence, France

The aim of this paper is to analyse the economic efficiency of electronic money and to identify different factors hindering its growth. It is argued that electronic money might eventually make paper money obsolete. Nevertheless, prospects for the development of this monetary innovation remain uncertain due to the complexity and ambiguity of electronic money products. In particular, the paper identifies network effects and habit persistence as major factors hindering the adoption and more widespread use of electronic money.

Keywords:  e-money, ICT, network externalities, habit persistence.

Year:  2007   |   Volume:  31   |   Issue:  3   |   Pages:  293 - 307

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 September, 2007
III / 2007
EBSCO Publishing
ISSN 1846-887X
e-ISSN 1845-9757
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