Improving Cross Border Payments In The Euro Area
DOWNLOAD
Download Improving Cross Border Payments In The Euro Area PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Improving Cross Border Payments In The Euro Area book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Improving Cross Border Payments In The Euro Area
DOWNLOAD
Author : Simona Amati
language : en
Publisher: Virago Press
Release Date : 2000
Improving Cross Border Payments In The Euro Area written by Simona Amati and has been published by Virago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
A common means of payment for the European Union has almost been achieved but it has not been followed by a single payments area. Efficient cross border transfers have been created with the implementation of the Euro and cross-border wholesale payments can now be processed cheaply and quickly. However retail transactions are still hampered by inefficient procedures. The aim of this paper is to analyse the current situation in a number of selected financial institutions and outline ways for improvement.
Improving Cross Border Payments In The Euro Area
DOWNLOAD
Author : Simona Amati
language : en
Publisher:
Release Date : 2000
Improving Cross Border Payments In The Euro Area written by Simona Amati and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Clearinghouses (Banking) categories.
A Short Essay On Cross Border Payment And Settlement In The Eu
DOWNLOAD
Author : Georg Schwedt
language : en
Publisher: GRIN Verlag
Release Date : 2008-04
A Short Essay On Cross Border Payment And Settlement In The Eu written by Georg Schwedt and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04 with Business & Economics categories.
Seminar paper from the year 2004 in the subject Business economics - Miscellaneous, grade: 1,0, University of Hamburg, course: European and International Financial Markets, 16 entries in the bibliography, language: English, abstract: According to Art. 56 of the Treaty of the European Communities (EC Treaty) the Common European Market enjoys since its establishment in the year 1993 free movement of capital. Since 1999 the monetary union between 12 EU-states is in operation, since 2002 the euro exists as money. This essay examines the sector of payment and settlement systems within the Common Market, their situation and development towards the common goal of free movement and discover the obstacles. The situation and development assessment is divided into the individual payments sector and the bulk payments sector with. Finally the striking question is: Why does it take so long to integrate the payment sector?
The Economic Impact Of The Single Euro Payments Area
DOWNLOAD
Author : Heiko Schmiedel
language : en
Publisher:
Release Date : 2007
The Economic Impact Of The Single Euro Payments Area written by Heiko Schmiedel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
With the realisation of the Single Euro Payments Area (SEPA), there will be no difference in the euro area between national and cross-border retail payments. SEPA is aimed at fostering competition and innovation, and improving conditions for customers. This requires concerted efforts from various stakeholders, inparticular the banking industry, to align national practices. The Eurosystem strongly supports the SEPA project. In its catalyst role, the European Central Bank (ECB) closely monitors and assesses the overall development of SEPA. Against this background, the ECB has carried out in cooperation with the banking industry a SEPA impact study with the aim of enriching its understanding of the potential economic consequences of SEPA. Based on the quantitative and qualitative expectations of major pan-European banks, the study finds that the overall financial impact for the banking industry varies according to different scenarios of the SEPA project. The coexistence of national and SEPA retail payment schemes is expected to lead to initial investments borne by the banks. In the longer term, banks expect to benefit from improved cost efficiency and economies of scale and scope. Furthermore, banks are expected to face downward pressure on their revenues as competition will increase across borders and as a result of new market entrants. The findings of the study confirm the view thata dual SEPA implementation phase should be as short as possible. In fact, a longer migration period would give rise to higher costs than a shorter period. It can furthermore be concluded that those institutions that embrace new technological developments, create new businesses and provide innovative services are likely to gain most from SEPA.
Improving Cross Border Retail Payment Services
DOWNLOAD
Author : European Central Bank
language : en
Publisher:
Release Date : 1999
Improving Cross Border Retail Payment Services written by European Central Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Banks and banking, Central categories.
The Payment System
DOWNLOAD
Author : Tom Kokkola
language : en
Publisher:
Release Date : 2010
The Payment System written by Tom Kokkola and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Banks and banking, Central categories.
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
Cross Border Payments With Retail Central Bank Digital Currencies
DOWNLOAD
Author : Andre Reslow
language : en
Publisher: International Monetary Fund
Release Date : 2024-05-15
Cross Border Payments With Retail Central Bank Digital Currencies written by Andre Reslow and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-15 with Business & Economics categories.
Many central banks are currently exploring the possibility of issuing retail central bank digital currency (CBDC). While the primary objective varies between jurisdictions, many central banks consider improved cross-border payments as a potential benefit and previous work has shown that CBDC can help overcome some of the frictions in cross-border payments. CBDC is a safe and liquid asset reducing the number of financial intermediaries and the settlement risk. Designing CBDC systems for cross-border payments is not fundamentally different from tailoring other payment systems. However, the roles and responsibilities might be slightly different in a CBDC system, and the central bank may play a more pivotal role given CBDC’s nature as public money as opposed to commercial bank money. This note draws lessons from ongoing experimentation and research to identify design and policy considerations when developing retail CBDC systems so it may be compatible for cross-border payments. The note focuses on retail CBDC—a CBDC primarily targeting households and non-financial firms—and leaves wholesale CBDC considerations for future work, although many of the discussions are applicable to wholesale CBDC and other forms of money as well.
Central Bank Payment And Settlement Services With Respect To Cross Border And Multi Currency Transactions
DOWNLOAD
Author : Bank for International Settlements
language : en
Publisher:
Release Date : 1993
Central Bank Payment And Settlement Services With Respect To Cross Border And Multi Currency Transactions written by Bank for International Settlements and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Banks and banking, Central categories.
Changes In Prudential Policy Instruments A New Cross Country Database
DOWNLOAD
Author : Mr.Eugenio M Cerutti
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-08
Changes In Prudential Policy Instruments A New Cross Country Database written by Mr.Eugenio M Cerutti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-08 with Business & Economics categories.
This paper documents the features of a new database that focuses on changes in the intensity in the usage of several widely used prudential tools, taking into account both macro-prudential and micro-prudential objectives. The database coverage is broad, spanning 64 countries, and with quarterly data for the period 2000Q1 through 2014Q4. The five types of prudential instruments in the database are: capital buffers, interbank exposure limits, concentration limits, loan to value (LTV) ratio limits, and reserve requirements. A total of nine prudential tools are constructed since some useful further decompositions are presented, with capital buffers divided into four subindices: general capital requirements, real state credit specific capital buffers, consumer credit specific capital buffers, and other specific capital buffers; and with reserve requirements divided into two sub-indices: domestic currency capital requirements and foreign currency capital requirements. While general capital requirements have the most changes from the cross-country perspective, LTV ratio limits and reserve requirements have the largest number of tightening and loosening episodes. We also analyze the instruments’ usage in relation to the evolution of key variables such as credit, policy rates, and house prices, finding substantial differences in the patterns of loosening or tightening of instruments in relation to business and financial cycles.
A Banking Union For The Euro Area
DOWNLOAD
Author : Rishi Goyal
language : en
Publisher: International Monetary Fund
Release Date : 2013-02-12
A Banking Union For The Euro Area written by Rishi Goyal and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-12 with Business & Economics categories.
The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.