Name: Introduction to Payments and Financial Market Infrastructures
Price: 79.95 USD
Availability: InStock
Author: George Pantelopoulos;Ulrich Bindseil
ISBN: 9783031395222

portada Introduction to Payments and Financial Market Infrastructures

Introduction to Payments and Financial Market Infrastructures

Formato

Libro Físico

Editorial

Springer International Publishing AG

Autor

George Pantelopoulos;Ulrich Bindseil

Colección

Springer Texts in Business and Economics

Año

2024

N° páginas

155

Encuadernación

Tapa Blanda

Dimensiones

23.50 x 15.50 cm

ISBN13

9783031395222

Introduction to Payments and Financial Market Infrastructures

George Pantelopoulos;Ulrich Bindseil (Autor) · Springer International Publishing AG · Tapa Blanda

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Reseña del libro "Introduction to Payments and Financial Market Infrastructures"

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.