E-Money,Cashlessness, Inflation Reduction

Micro-Structure of Cashlessness and Implications for Monetary Policy

Trends in Payments Systems
International Correspondent Banking Review , Yearbook, 2000/2001, Euromoney Publication
ISBN No. 185564 815 6

The Microstructure Of Recent Trends In Cashlessness: UK and USA Compared

Innovations In Cash-Card Payments Networks:Implications For Monetary Policy In Low Interest Rate Regimes
International Correspondent Banking Review ,
Yearbook, 2001/2002, Euromoney Publication
ISBN No. 185564 815 6.

 

Updates On Changing Trends in Payments Systems G10 and EU Countries
(Forthcoming 2002 in Entry on
Electronic Payment Systems by J.K Winn, in Encyclopedia
of Information Systems, Academic Press.
)
Can Cash Hold its own? International Comparisons, Theory and Evidence
Sheri M. Markose and Yiing Jia Loke

Economics Department Discussion Paper,
No. 522, University of Essex, April 2002.
Network Effects on Cash-Card Substitution in Transactions and Low Interest Rate Regimes
Sheri M. Markose and Yiing Jia Loke,
The Economic Journal,
Vol.113,no.487, pp.412-456. April 2003.

Implications for monetary policy of retail payments innovations: Slow down in growth monetary base and price level determination with competing network cash and card payments media.

Sheri M. Markose and Yiing Jia Loke (2002, very preliminary draft)

This paper is one of the first to show that the slow down in the growth of M0 due to EPTPOS payments
innovations in retail transactions can account for a deflationary impact on the Consumer Price Index.


Implications for monetary policity from high interest rate elasticity of payment technology constrained transactions demand for money.
Yiing Jia Loke*and Sheri M. Markose (2002,preliminary draft)