Electronic Cash and Monetary Policy

  • Mark Bernkopf
Keywords: electronic money, digital cash, electronic cash, electronic commerce, electronic funds transfer, electronic currency, private currency, national currency, monetary policy


An electronic money revolution and an electronic cash revolution are both transferring banking power from governments and banks into the hands of the average citizen.

Author Biography

Mark Bernkopf
Mark Bernkopf has served at the Open Market Operations Department of the Federal Reserve Bank of New York and in the research unit of the White House Office of Communications. He is now an independent consultant in Arlington, Virginia, just outside Washington, D.C. Toward the end of last year, Bernkopf prepared two in-depth studies on electronic cash for overseas clients. He can be contacted by e-mail at markb@erols.com and by snail mail at: 4001 North 9th Street, Suite 1110, Arlington, Virginia 22203-1964 USA
How to Cite
Bernkopf, M. (1996). Electronic Cash and Monetary Policy. First Monday, 1(1). https://doi.org/10.5210/fm.v1i1.465