Princeton University Press
Beyond Banks : Technology, Regulation, and the Future of Money
Product Code:
9780691245423
ISBN13:
9780691245423
Condition:
New
$44.31
How new technology is rapidly changing the nature of money and the way we pay A diverse and growing range of financial institutions and platforms?rom PayPal and Venmo to WeChat, Alipay, and the brave new world of stablecoins?as harnessed new technology to disrupt the system of money and payments as we know it. Beyond Banks explains why this disruption holds out the promise of faster, cheaper, more convenient, and more secure payments, but also how it increasingly risks exposing consumers, businesses, and governments to the problem of bad money. Dan Awrey traces the origins of our current bundled system of banking, money, and payments. He explains why the problem of bad money?he result of antiquated and inadequate laws and regulation that fail to establish credible commitments to hold, transfer, or return a customer? money on demand?equires that policymakers fundamentally rethink their approach toward the design of the laws and institutions at the heart of this system. He presents ways to effectively unbundle banking from money and payments, ensure the credibility of monetary commitments, and promote the stability of this system. Awrey also envisions a more forward-looking role for policymakers in encouraging greater technological experimentation, competition, and innovation in the realm of payments. Beyond Banks sheds critical light on the important but too often dysfunctional relationship among technology, regulation, and money, and lays the foundations for a safer, more nimble, and more inclusive system of money and payments.
| Author: Dan Awrey |
| Publisher: Princeton University Press |
| Publication Date: Oct 22, 2024 |
| Number of Pages: 304 pages |
| Language: English |
| Binding: Hardcover |
| ISBN-10: 0691245428 |
| ISBN-13: 9780691245423 |
Beyond Banks : Technology, Regulation, and the Future of Money
$44.31
How new technology is rapidly changing the nature of money and the way we pay A diverse and growing range of financial institutions and platforms?rom PayPal and Venmo to WeChat, Alipay, and the brave new world of stablecoins?as harnessed new technology to disrupt the system of money and payments as we know it. Beyond Banks explains why this disruption holds out the promise of faster, cheaper, more convenient, and more secure payments, but also how it increasingly risks exposing consumers, businesses, and governments to the problem of bad money. Dan Awrey traces the origins of our current bundled system of banking, money, and payments. He explains why the problem of bad money?he result of antiquated and inadequate laws and regulation that fail to establish credible commitments to hold, transfer, or return a customer? money on demand?equires that policymakers fundamentally rethink their approach toward the design of the laws and institutions at the heart of this system. He presents ways to effectively unbundle banking from money and payments, ensure the credibility of monetary commitments, and promote the stability of this system. Awrey also envisions a more forward-looking role for policymakers in encouraging greater technological experimentation, competition, and innovation in the realm of payments. Beyond Banks sheds critical light on the important but too often dysfunctional relationship among technology, regulation, and money, and lays the foundations for a safer, more nimble, and more inclusive system of money and payments.
| Author: Dan Awrey |
| Publisher: Princeton University Press |
| Publication Date: Oct 22, 2024 |
| Number of Pages: 304 pages |
| Language: English |
| Binding: Hardcover |
| ISBN-10: 0691245428 |
| ISBN-13: 9780691245423 |
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