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Charging Ahead - The Growth and Regulation of Payment Card Markets around the World (Hardcover)
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Charging Ahead - The Growth and Regulation of Payment Card Markets around the World (Hardcover)
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This book was the first comprehensive treatment of credit cards in
the global economy. The topic is timely not only because of the
attention focused on cards as a contributor to the substantial rise
in consumer borrowing, but also because of the role of cards in the
recent retrenchment in the US bankruptcy system. Relying on data
from the US, the UK, Canada, Australia, and Japan, Charging Ahead
includes the first careful statistical analysis of the relation
between the rise of credit card use and broader macroeconomic
phenomena like consumer borrowing, savings, and bankruptcy. It also
provides a broad narrative of how credit cards have come to be used
so differently around the world. Finally, it sets out a detailed
and coherent program for regulatory intervention grounded in both
empirical analysis and the existing theoretical literature.
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