The Center for Internet and Society at Stanford Law School is a leader in the study of the law and policy around the Internet and other emerging technologies.
Lately, I have been puzzled by the proliferation of bank-mobile operator partnerships in the developed and emerging countries. The mobile carriers provide the remittance or payments instructions, and the banks move the money, conduct the foreign exchange (e.g., into/out of U.S. Dollars) and deliver the cash or credit to the intended recipient.
Are the banks really necessary in this money transfer process? No, they are not, and have not been for years - try over a hundred years! Read more about When Mobile Telecommunications Routes Become Banks
The financial literacy of America has improved markedly, nearly to college level, as a result of the global recession that started in 2007. What about state-owned banks, is the time ripe to explore that part of economic history?
Americans, now economists, can fill a green chalkboard from left to right, with the familiar logic of our situation: Read more about State-Owned Banks as a Way to Rebuild the Housing and Real Estate Markets