In the language of public choice economists, the Stability Pact constitutes an insurance policy against the temptation for politicians to purchase votes today through high borrowing at the cost of future generations.
Mobile money may also affect the velocity of circulation of money: in principle one might expect velocity to rise if mobile money makes retail payments transactions easier for customers. However, if more radical mobile banking business models are eventually developed in which mobile money becomes a substitute for demand deposits in banks, the ability of central banks to control interest rates could be undermined.