Storedvalue products have done better in small countries and in countries where there is greater use of coin and currency. Looking ahead, the United States may be one of the countries least likely to adopt open stored-value systems. It is a big country with many alternative ways of making payments.
A key element of the Report is that it represents the joint views of both the Regulator and the Bank. It is our hope that the wideranging analyses in these Reports encourages dialogue among the wider public on financial stability issues and conveys the importance of a stable financial system.