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The effects of technology on the financial sector are examined in this text, the second in a series of annual volumes on the financial services industry, from the Brookings Institution and the Wharton School at the University of Pennsylvania. The papers in this volume, as well as brief comments on the papers, are written by leading financial experts from the corporate, government and academic communities. Future volumes will address other important issues affecting the financial services industry and thus continue to be a source of invaluable analysis and information for participants in the industry, financial regulators, policymakers, and everyone concerned with financial services.
Robert E. Litan is a senior fellow in Economic Studies at the Brookings Institution and vice president for research and policy at the Kauffman Foundation. Among his many books is Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity (Yale University Press, 2007), written with William J. Baumol and Carl J. Schramm. Anthony M. Santomero is president of the Federal Reserve Bank of Philadelphia and former director of the Financial Institutions Center at the Wharton School, University of Pennsylvania.
The future of stock exchanges, Maureen O'Hara and Jonathan R. Macey; the impact of the Internet on financial services, David Coleman, James Marks and Hal R. Varian; the effect on global financial structure, Frederic S. Mishkin and Philip E. Strahan; year 2000 issues, John A. Meyer; the impact of technology on firms and markets, Zvi Bodie; issues of privacy in the information age. (Part contents)

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