E-Finance: An Introduction
Wharton Financial Inst. Ctr. Working Paper No. 01-36
Posted: 26 May 2002
There are 2 versions of this paper
E-Finance: An Introduction
Date Written: October 2001
Abstract
E-finance is defined as "The provision of financial services and markets using electronic communication and computation". In this paper we outline research issues related to e-finance that we believe set the stage for further work in this field. Three areas are focused on. These are the use of electronic payments sys tems, the operations of financial services firms and the operation of financial markets. A number of research issues are raised. For example, is the widespread use of paper-based checks efficient? Will the financial services industry be fundamentally changed by the advent of the internet? Why have there been such large differences in changes to market microstructure across different financial markets?
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