Overview

Once all transactions involved physical assets and physical proximity. The introduction of money, credit, and noncash payment mechanisms allowed many more transactions to take place over time and space, with all types of goods and services exchanged and many more parties playing a role in consumating a transaction. Throughout the evolution of financial transactions, there has been a balancing of risk and convenience in which the collection and retention of personal information has played multiple roles. This important new book assesses the current state of play with respect to customer and business concerns for personal data and the response of intermediaries, politicians, and regulators. It develops an analytical underpinning for potential policy response and evaluates the potential costs and benefits of alternative policy and regulatory strategies to safeguard data in the global electronic financial environment.

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9780881324112

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Catherine L. Mann, senior fellow at the Peterson Institute and professor at Brandeis University is the author of Accelerating the Globalization of America: The Role for Information Technology (2006), APEC and the New Economy (2002), Global Electronic Commerce: A Policy Primer (2000), and Is the U.S. Trade Deficit Sustainable? (1999). Mann held several posts at the Federal Reserve Board of Governors (1984-87 and 1989-97). She was a senior economist on the staff of the President's Council of Economic Advisers (1991-92), the principal staff member for the chief economist of the World Bank (1988-89), and a Ford Foundation fellow at the National Bureau of Economic Research (1987).

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