Charging Ahead: The Growth and Regulation of Payment Card Markets Around the World

ISBN-13: 9780521866118 / Angielski / Twarda / 2006 / 310 str.

Ronald J. Mann

Opis

This book tells the story of credit cards around the world: why people use them, the effects on the economies of the nations where they prevail, why they are used so differently around the world, and what should be done to respond to the problems they cause. It includes a wealth of data from around the world, fascinating narratives about the differences from country to country, and penetrating analyses of policies that might stem misuse of cards.

Recenzje

"...Charging Ahead: The Growth and Regulation of Payment Card Markets offers a refreshingly balanced perspective on the optimal use of credits...the book manages to be provocative without resort to polemic. Even rarer, Charging Ahead reveals how payment systems law-perhaps the most esoteric topic in the already esoteric world of commercial law -shapes our society and its pursuit of the good life...Charging Ahead elucidates the public effects of our often mindless act of paying with plastic...Charging Ahead concludes with a cogent and careful circumscribed set of strategies for reshaping American appetites for credit card use...provides a concise and readable explication of the variety of payment cards, focusing on the benefits and burdens of debit cards versus credit cards...articulate a persuasive agenda for credit card reform that has international applicability..."
--Katherine Porter, Michigan Law Review [Vol. 106:1167]

Spis treści

Introduction; Part I. The Basics of Payment Cards: 1. Paper or plastic? - payment system functionality; 2. The mechanics of payment card transactions; Part II. Easy Money: 3. In defense of credit cards; 4. The psychology of card payments - card spending and consumer debt; 5. Over the brink - credit card debt and bankruptcy; Part III. The Puzzle of Payment Cards: 6. Explaining the pattern of global card use; 7. The introduction of the payment card; 8. Revolving credit; 9. Point-of-sale debit; 10. Convergence and exceptionalism in the use of cards; Part IV. Reforming Payment Systems: 11. Indirect approaches: regulating interchange and encouraging surcharges; 12. Contract design; 13. Regulating information; 14. Product design: affinity and rewards programs and teaser rates; Part V. Optimizing Consumer Credit Markets and Bankruptcy Policy: 15. Causation, consumer credit and bankruptcy; 16. Regulating consumer credit markets; 17. Consumer bankruptcy reform; Conclusion; Endnotes; Bibliography; Index.