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assign2 - 1 Money and Banking N Sheflin ASSIGNMENT 2 NOTES...

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Unformatted text preview: 1 Money and Banking N. Sheflin ASSIGNMENT 2 NOTES Past, Present and Future of Money and the Payments System KEY POINTS Functions of money, key property, money versus barter, evolution of money and the payments system, money and the financial system, role of financial system, liquidity, money and the economy, READING Croushore chapter 3 and The Future of Money and of Monetary Policy, Lawrence Meyer BOG (note this was written before Check 21 became law in 2004 see http://www.federalreserve.gov/paymentsystems/check21_faq.htm ) http://www.federalreserve.gov/boarddocs/speeches/2001/20011205/default.htm Just read these sections: The Future of Money and of Monetary Policy The Evolution of Money The Payments System Today The Future of Money: The Spread of E-money Conclusion Also look at: Fun facts about money from SF Federal Reserve Bank http://www.sf.frb.org/federalreserve/money/funfacts.html And Dollars and Cents info about money from Atlanta Fed http://www.frbatlanta.org/pubs/dollarscents/dollars_and_cents-http://www....
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