International Nontrivial Closed Circulation Systems of Electronic Money
Abstract
In this article international systems of electronic money with different anomalies are analyzed. Three key anomalies of common case of the emission of electronic money in closed circulation system are considered. Presence or absence of the banking activity in each of nontrivial international systems of electronic money is identified. Two different interpretations of loading of a card are shown. The author determined which systems of electronic money are of monetary type and which are not.
Keywords:
finance
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.