Bank notes and stored-value cards: Stepping lightly into the past

Osterberg, William R.; Thomson, James B.
September 1998
Economic Commentary;09/01/98, p1
Trade Publication
Provides a historical perspective on stored-value cards (SVC) and other forms of private money that circulated in the United States between 1863 and 1913. Background on the National Banking Era; Banking importance of SVC; Impact of SVC on the money supply and monetary policy.


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