Moving Money
The Future of Consumer Payments
Brookings Institution Press, 2009
Category:
Economics & Politics
(8)
(6)
(1)In this summary you will learn
- Why the way people pay for items matters
- What payment forms dominate today
- What the current state of the consumer payments industry is
- What the future holds for this industry
Why you should read Moving Money
People once used sheep and goats as money. Now they use plastic. Brookings Institution financial experts Robert E. Litan and Martin Neil Baily, along with a panel of top contributors, explain why the way people pay for things is important – and why the consumer payments industry is the essential “financial plumbing” of the U.S. economy. Without a smoothly working payments system, all financial activity would come to a screeching halt. However, the ubiquitous credit-card magnetic stripe is as outdated as eight-track cartridges, and the U.S. payments network is a Rube Goldberg contraption. By spotlighting these issues and more, the writers and editors of this text have developed an outstanding, though not particularly groundbreaking, guidebook to the consumer payments industry. getAbstract recommends their book to bankers, financiers and economists, along with anyone who is curious about what happens after he or she swipes a credit card at the register.
About the Authors
Robert E. Litan is the vice president for research and policy at the Kaufmann Foundation. Martin Neil Baily is former chairman of the U.S. Council of Economic Advisers. Both are senior fellows at the Brookings Institution.
Comment on this summary
Be the first to write a comment! Sign in to share your opinion
If you wish to purchase 20 or more copies of this title (not the summary, but the actual book), please contact us at info@getAbstract.com. Make sure you include the title of the book and your phone number.
getAbstract makes it easy for you to access the summary of Moving Money any time or any place. Once registered, you can choose from a variety of download formats: PDF for your computer, BlackBerry, iPhone, Kindle, PDA or other handheld devices. You can even obtain the audio version of many of our summaries.
Subscribe today to gain access to this summary as well as many other compelling titles!
