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

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