Global Economy & Development
China’s transshipment of goods to the US
The failure of the U.S. government to be able to quickly provide citizens with emergency funds in response to the COVID-19 recession starkly reminds us that delays in America’s payment system have significant consequences. The most financially vulnerable bear the largest cost from this outdated system. How is that Americans can instantly stream any film ever made to their living room but still have to wait days, weeks, or months to receive a simple payment?
On Tuesday, September 22, The Center on Regulations and Markets at Brookings convened a panel of experts to discuss how to fix this problem quickly. We analyzed potential solutions that could deliver real-time payments immediately, what the consequences would be from waiting 3+ years for the Federal Reserve’s promised new payment system, and why much of the rest of the world solved these problems years ago but America hasn’t.
Viewers can submitted questions via email to [email protected] or via Twitter using #FixPayments
How to make real-time payments real now
Agenda
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September 22
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Welcome and introduction
Aaron Klein Miriam K. Carliner Chair - Economic Studies, Senior Fellow - Center on Regulation and Markets @AaronDKlein -
Panel discussion
Moderator
Aaron Klein Miriam K. Carliner Chair - Economic Studies, Senior Fellow - Center on Regulation and Markets @AaronDKleinPanelist
Peter Conti-Brown Nonresident Fellow - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy @PeterContiBrown
Nakita Cuttino Visiting Assistant Professor of Law - Duke University School of Law
George Selgin Director - Cato Institute Center for Monetary and Financial Alternatives @GeorgeSelgin
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