Book Review: Plastic Money: Constructing Markets for Credit Cards in Eight Postcommunist Countries

thHave some time to read before the new semester starts?

Akos Rona-Tas, Alya Guseva : Plastic Money: Constructing Markets for Credit Cards in Eight Postcommunist Countries. Stanford, CA: Stanford University Press, 2014. 318 pp. $45.00, cloth.

Read the review by Christopher Yenkey from the University of Chicago, available now in the OnlineFirst section of Administrative Science Quarterly.

From the review:

This fascinating study of the creation of credit card markets in eight European and Asian ASQ_v59n4_Dec2014_cover.inddpostcommunist countries is the latest and most expansive work on the subject by Rona-Tas and Guseva. These authors have been studying the institutional underpinnings of fledgling credit card markets in the Eastern Bloc for almost as long as these countries have been struggling to transition away from regimes of central planning, and their knowledge of card markets in particular and market transition in general is extensive. Plastic Money follows Guseva’s 2008 Russia-focused manuscript, Into the Red, by expanding the empirical scope of the research to a comparison of Russia, Ukraine, Bulgaria, Hungary, Poland, the Czech Republic, and for the first time two Asian countries, Vietnam and China. The expanded empirical breadth of the book is matched with a new set of substantive questions about how each country overcame a common set of frictions impeding the development of card markets and how variation in local solutions demonstrates the limits of the globalization-as-homogenization perspective.

You can read the rest of the review from Administrative Science Quarterly by clicking here. Want to know about all the latest research and reviews from Administrative Science Quarterly? Click here to sign up for e-alerts!

This entry was posted in Book Review, Change, Cultural Research, Economics, Finance, Globalization, Politics and tagged , , , by Cynthia Nalevanko, Senior Editor, SAGE Publishing. Bookmark the permalink.

About Cynthia Nalevanko, Senior Editor, SAGE Publishing

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 1500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, Washington DC, and Melburne, our publishing program includes more than 1000 journals and over 900 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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