Some people claim that the mere existence of the Fund has led to an increase in international debt crises. Of course, this argument is obviously exaggerated as debt crises had happened many times before the Fund was established. However, in comparison to earlier decades, sovereign debt defaults have become more frequent in recent years.
a small payment of perhaps only a few cents for viewing a specific piece of information, but also growing interest in developing more reliable and secure methods of payment for large commercial transactions. E-commerce and, perhaps more important from the Reserve Bank’s point of view, electronic money will probably have significant implications for most persons and institutions.