Introduction to Payments and Financial Market Infrastructures

George Pantelopoulos

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Idioma: inglés

Editorial: Springer Nature Switzerland Okt 2023, 2023

3031395190 / 9783031395192

Serie: Libro 146 de 190 - Springer Texts in Business and Economics

Librería: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, AlemaniaBuchWeltWeit Ludwig Meier e.K.

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This item is printed on demand - it takes 3-4 days longer - Neuware -Payments and financial market infrastructures are vital components of modern economies, yet they have often been overlooked by economists. However, any economic exchange, including financial market transactions, is matched by a payment leg, and the safety, efficiency, and immediacy of the payment, and the problem of linking the two legs of the transaction ('delivery-vs-payment'), remain universal challenges. The consequences of inefficiencies or interruptions in payment and settlement systems have immediate and significant impacts on the real economy. Moreover, payments and financial market infrastructures are also a matter of strategic importance for nation-states, and being excessively dependent on foreign providers has been proven to be a significant risk, as they can be 'weaponized.'This book provides a concise yet thorough introduction to payments and financial market infrastructures, exploring various types of risks, retail payments, payment systems, cross-border payments, central counterparties, FX operations, and central securities depositories. The final chapter investigates payment innovations, including unbacked crypto-assets (e.g. Bitcoin), stablecoins, and central bank digital currencies. The text outlines key activities and risk management frameworks, as well as examining the operational mechanics of different payment systems. The book emphasizes the importance of understanding the nature of transfer of financial claims and liabilities through the process of payment and settlement, providing financial account representations of payments wherever useful. The book concludes that the payment and financial market infrastructure space has been shaken by recent innovations, which are expected to lead to seismic shifts in payment technology, practices, and market structures. 168 pp. Englisch.…

N° de ref. del artículo 9783031395192

Título
Introduction to Payments and Financial Market Infrastructures
Autor
George Pantelopoulos
Editorial
Springer Nature Switzerland Okt 2023
Año de publicación
2023
Estado
Neu
Encuadernación
Buch
Idioma
inglés
ISBN 10
3031395190
ISBN 13
9783031395192
Peso del artículo
424 gramos
Dimensiones
241x160x15 mm
Serie
Libro 146 de 190: Springer Texts in Business and Economics

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Alemania

Vendedor de 5 estrellas

Vendedor de IberLibro desde 11 de enero de 2012

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ArtículoDe 5 a 15 días hábilesDe 5 a 15 días hábiles
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BuchWeltWeit Ludwig Meier e.K.

Alemania