We study a model of financial intermediation, payment choice, and privacy in the digital economy. Cash preserves anonymity but cannot be used for more efficient online transactions. By contrast, bank deposits can be used online but do not preserve anonymity. Banks use the information contained...

The study compares what systems are present in the United States and a number of advanced Asian countries to protect privacy and enhance trust in the realm of electronic communications. Additionally, the study reports on the effectiveness of these arrangements and the perceptions of various...