Charging Ahead

Synopsis of Charging Ahead

This book offers a comprehensive analysis of credit cards in the global economy. It addresses why people use them, their effects on the economies of the nations where they prevail, the differences in their use worldwide, and how to respond to the problems they cause. It includes data from the US, the UK, Canada, Australia, and Japan, offering a detailed program for regulatory intervention based on empirical analysis and existing theoretical literature. It explores the relationship between the increase in credit card use and macroeconomic phenomena such as consumer borrowing, savings, and bankruptcy.