Abstract:

The economic dynamics that are increasingly fast in line with advances in information technology have important implications for the framework of monetary policy transmission mechanisms throughout the country. The existence of technology in the financial system especially the payment system not only has a positive impact on the acceleration of a country's economic growth and financial system development, but also presents its own challenges and the risks in changing the pattern of policy settings in the payment system. The rapid of information technology based on electronic finance (e-finance) has changed the financial system which is increasingly difficult to predict. This research states the Expanded monetary unsteadiness could rise up out of the expanded flexibility of private cash creation, and from intermittent reaches a financial dead end into national bank cash that produce liquidity emergencies and uncertainty.