ROMANIAN ELECTRONIC SYSTEM OF INTERBANK PAYMENTS IN THE BACKGROUND OF 
CREATING THE SINGLE EURO PAYMENTS AREA Cover Image

ROMANIAN ELECTRONIC SYSTEM OF INTERBANK PAYMENTS IN THE BACKGROUND OF CREATING THE SINGLE EURO PAYMENTS AREA
ROMANIAN ELECTRONIC SYSTEM OF INTERBANK PAYMENTS IN THE BACKGROUND OF CREATING THE SINGLE EURO PAYMENTS AREA

Author(s): Mirela Cristea
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: interbank payments; electronic system; TARGET; Euro system; Single Market; real time payments; efficiency

Summary/Abstract: Along with financial markets growth, the amplitude of settlements through payment systems has continuously increased. At the same time, it is necessary to be correlated with the need of streamline of noncash payments and with clients’ demands to transfer sure, efficient and low-cost amounts of money. This action determined passing over to the electronic payment system functioning in real time. In this respect, we aim at drawing up a concise presentation of the electronic payment system in our country combined with assessments of this system aligned to the European Union’s from the point of view of functionalities as well as respecting European and international standards and practices in the field.

  • Issue Year: 2007
  • Issue No: 09 special
  • Page Range: 47-52
  • Page Count: 6
  • Language: English