Charles M Kahn
University of Illinois
Charles M Kahn is Professor Emeritus in the Department of Finance at the University of Illinois. He previously served as the Bailey Memorial Professor and as department chair, as well as co-director of its Office for Banking Research. An authority on banking and financial intermediation, he has been an overseas fellow at Churchill College, Cambridge University; a visiting fellow at the Australian National University; a National Fellow of the Hoover Institution, Stanford University; a Houblon-Norman fellow at the Bank of England; and the Visiting Tan Chin Tuan Professor at the National University of Singapore. A specialist on payment systems and liquidity, he consults regularly for central banks throughout the world and has been a visiting scholar at the Federal Reserve Banks of Atlanta, Chicago, St. Louis and New York.
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Should a central bank take over the provision of e-money, a circulable electronic liability? The authors discuss how e-money technology changes the trade-off between public and private provision, and the trade-off between e-money and a central bank’s…