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46 Am. U. L. Rev. 1075 (1996-1997)
Why Regulate Cybermoney

handle is hein.journals/aulr46 and id is 1089 raw text is: WHY REGULATE CYBERMONEY? DAVID G. OEDEL* TABLE OF CONTENTS Introduction: What Distinguishes Cybermoney from M oney? ........................................ 1076 I. Why Regulate Money' ......................... 1078 A. To Set a Standard Accounting Unit ............ 1078 B. To Fix Money's Relationship to Other Assets ..... 1079 C. To Provide an Initial Source of Money .......... 1080 D. To Facilitate the Ready Acceptance of Money ..... 1081 E. To Prevent Panic in Redemption, Convertibility, or Transfer .............................. 1083 F. To Guard Against the Possible Misuse and Counterfeiting of Money .................... 1084 G. To Limit Over-Supplies of Money and Erosion in the Value of Prior Issues .................. 1085 H. To Use Money as a Tool to Sustain Macroeconomic Health ..................... 1086 I. To Streamline and Police Monetary Transactions .. 1088 J. To Supervise Lending and Borrowing .......... 1089 K To Foster Competition and to Inhibit Private Monopolization ........................... 1089 L. To Protect Against Overcompetition in a New Natural Monopoly ......................... 1090 M. To Tax Citizens and to Fund Government Operations .............................. 1090 N. To Subsidize Particular Groups or Activities ...... 1091 * Professor of Law, Mercer University Law Schoo4 Macon, Georgia. Professor Oedel teaches both intellectual property and banking, is chair-elect of the Financial Institutions and Consumer Financial Services section of the Association of American Law Schools, and formerly served as Editor-in-Chief of The Annual Review of Banking Law. He has represented consumers, banks, thrifts, nonbanks, and investment banks in a variety of regulatory and transactional settings. 1075