E-MONEY DEVELOPMENT WITHIN CONTEMPORARY
                        ECONOMIES

                         Bogdan-Ion Boldea, Lecturer PhD Student
      West University of Timisoara, Faculty of Economics and Business Administration
                                bogdan.boldea@feaa.uvt.ro

                               Maria Boldea, Professor PhD
      West University of Timisoara, Faculty of Economics and Business Administration
                                maria.boldea@feaa.uvt.ro


ABSTRACT: Development is the upward directional movement of society from lesser to
greater levels of energy, efficiency, quality, productivity, complexity, comprehension,
creativity, enjoyment and accomplishment. These attributes are both the means for achieving
development as well as its most characteristic expressions or results.
        Money has played a parallel role at the social level as a medium for urbanization,
multiplying economic activities by several orders of magnitude. The forms money has taken
on over centuries have always been closely connected with the technological developments in
the economy. As simple economies evolved into more complicated economies, money has
always adapted to the different economic circumstances. With respect to the latest innovations
in the computer industry a new form of money has evolved: e-money.

Key Words: evolution, knowledge, e-money, development

JEL Codes: E00, E60, O11