Matches in SemOpenAlex for { <https://semopenalex.org/work/W2272347027> ?p ?o ?g. }
Showing items 1 to 55 of
55
with 100 items per page.
- W2272347027 abstract "The efficiency of the payments system is at risk. Existing stored value products (SVPs) are early prototypes of what payments and money will become: digital, disintermediated, and, possibly, neither state- nor bank-issued. The formulation of stored value regulatory policy in the U.S. has been a complicated, slow process however, producing a piecemeal scheme of broadly uneven regulations. Suffice it to say that the result of several short-term fixes has been to postpone looming inefficiencies and highlight limitations stemming from inconsistencies inherent in their use.Past regulatory efforts have thrown a startling fact into sharp relief: The relevance of deposits, the hallowed central concept of payments jurisprudence, is undermined in emergent payments. While payments are becoming increasingly abstract, deposit-centered approaches to regulation or policy formulation are becoming ineffective or irrelevant. Some abstract products have defied efforts to pigeonhole them into traditional categories. The role of deposits, the linchpin of payments regulation and regulatory policy, is thus under question. The existing consumer framework in the U.S. does little to prepare for the demands a sophisticated, ultra-abstract, globalized payments system will make in the meantime, at least so far as emergent stored value possibilities are concerned.The changing nature of abstract consumer payments has been recognized as an important matter for attention in other jurisdictions. The need for preparedness, for future strategic advantage in the global payments arena, has, for example, been on the European Union radar for some time. In the U.S., the wait and see approach that encouraged a degree of complacency in the past may still hinder opportunities to address shortcomings of the consumer regulatory patchwork. The consumer framework is subject in effect to a looming best expiry date as a result.Discussion of issues implicating the jurisprudential underpinnings of our payments system must ultimately ask the question: Where to from here? This article answers this question with an eye to the future. It proposes specific steps designed to facilitate the formulation of enduring SVP policy. Part II discusses the motivating and intensifying need for a deposit concept in emergent payments. Part III sets forth steps to follow to the formulation of a suggested taxonomical aid. Part IV presents the results of a pilot run of this regulatory aid, in the form of a three-layered, tailored solution to the central question asked by this article." @default.
- W2272347027 created "2016-06-24" @default.
- W2272347027 creator A5083749290 @default.
- W2272347027 date "2011-04-25" @default.
- W2272347027 modified "2023-09-26" @default.
- W2272347027 title "A Deposit Substitute for Post Dodd-Frank Regulatory Policy Assessments of Emergent Payments: A Taxonomical Approach" @default.
- W2272347027 hasPublicationYear "2011" @default.
- W2272347027 type Work @default.
- W2272347027 sameAs 2272347027 @default.
- W2272347027 citedByCount "0" @default.
- W2272347027 crossrefType "posted-content" @default.
- W2272347027 hasAuthorship W2272347027A5083749290 @default.
- W2272347027 hasConcept C100001284 @default.
- W2272347027 hasConcept C10138342 @default.
- W2272347027 hasConcept C119857082 @default.
- W2272347027 hasConcept C144133560 @default.
- W2272347027 hasConcept C145097563 @default.
- W2272347027 hasConcept C162324750 @default.
- W2272347027 hasConcept C2776291640 @default.
- W2272347027 hasConcept C41008148 @default.
- W2272347027 hasConceptScore W2272347027C100001284 @default.
- W2272347027 hasConceptScore W2272347027C10138342 @default.
- W2272347027 hasConceptScore W2272347027C119857082 @default.
- W2272347027 hasConceptScore W2272347027C144133560 @default.
- W2272347027 hasConceptScore W2272347027C145097563 @default.
- W2272347027 hasConceptScore W2272347027C162324750 @default.
- W2272347027 hasConceptScore W2272347027C2776291640 @default.
- W2272347027 hasConceptScore W2272347027C41008148 @default.
- W2272347027 hasLocation W22723470271 @default.
- W2272347027 hasOpenAccess W2272347027 @default.
- W2272347027 hasPrimaryLocation W22723470271 @default.
- W2272347027 hasRelatedWork W1493173751 @default.
- W2272347027 hasRelatedWork W1493605282 @default.
- W2272347027 hasRelatedWork W1506464901 @default.
- W2272347027 hasRelatedWork W1719723939 @default.
- W2272347027 hasRelatedWork W1910660926 @default.
- W2272347027 hasRelatedWork W1985653925 @default.
- W2272347027 hasRelatedWork W205409317 @default.
- W2272347027 hasRelatedWork W2101051305 @default.
- W2272347027 hasRelatedWork W2212178409 @default.
- W2272347027 hasRelatedWork W2605870855 @default.
- W2272347027 hasRelatedWork W301159902 @default.
- W2272347027 hasRelatedWork W3121607889 @default.
- W2272347027 hasRelatedWork W3124865506 @default.
- W2272347027 hasRelatedWork W3125788319 @default.
- W2272347027 hasRelatedWork W3152895538 @default.
- W2272347027 hasRelatedWork W3164911187 @default.
- W2272347027 hasRelatedWork W319008709 @default.
- W2272347027 hasRelatedWork W3213293962 @default.
- W2272347027 hasRelatedWork W2193410071 @default.
- W2272347027 hasRelatedWork W2554892607 @default.
- W2272347027 isParatext "false" @default.
- W2272347027 isRetracted "false" @default.
- W2272347027 magId "2272347027" @default.
- W2272347027 workType "article" @default.