E-money in low-income economies has transformed #finance & monetary policy. Data from 47 countries over 20 years show e-money leads to stronger policy passthrough, increased bank deposits & lending, & enhanced competition.
Z Huang, A Lahreche, M Saito, U Wiriadinata
https://cepr.org/voxeu/columns/e-money-and-monetary-policy-transmission
#EconSky