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25
( )Paul A. Samuelson, pp. 276-277.
The death of  & " 
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35
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" Money …has become nothing than more an assemblage of ones and zeros, the fundamental
units of computing …that are piped through miles of wire, pumped over fiber- optic highways
, bounced off satellites and beamed from one microwave relay station to another . This new
money is like a shadow . Its cool- gray shape can be seen but not touched .It has no tactile
dimension , no height or weight …Money is now an image".
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(28) European Commission(EC) : Proposal for European Parliament and Council Directives
on the taking up , the pursuit and prudential supervision of the business of Electronic Money
Institution, Brussels , Com(98)727, 1998.
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