Peter Spencer

Peter Spencer is Professor of Monetary Economics at Birkbeck College, London and Economic Adviser to the Ernst & Young ITEM Forecasting Club. He started his career as an economic adviser at HM Treasury and has spent 10 years working in the City. His publications include two books on monetary policy and financial regulation, published by the Oxford University Press. His research interests currently include asset pricing models and the term structure, monetary aggregation and the macroeconomic effects of the new technology industries.

Papers Published in World Economics:

E-money: Will it Take Off?
Author: Peter Spencer

The growth of the Internet and e-commerce raises some interesting questions for those interested in the monetary system. Is a new Internet-based digital transactions medium likely to evolve and what would the consequences of this be for taxation, monetary and financial stability? This article reviews the problems that have so far prevented the adoption of digital money and the ways in which these are now being tackled. It concludes that take-off is likely in the near future and considers the consequences for policymakers.

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