ABSTRACT
Like many others attending this colloquium, I am very interested in the implications of electronic money for financial stability and monetary policy. However such analysis begs the question of whether the development and diffusion of electronic money is actually likely. This paper looks at the prospects for the successful diffusion of e-money systems. I look at the obstacles that have to be surmounted and discuss ways in which the competition and prudential authorities could encourage or impede this development.
