Biltoft, Karsten (2000) "The Functioning of the Payment System". In: UNSPECIFIED, Maastricht, The Netherlands.
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[From the Introduction]. Today, most payments consist of electronic transfer of information and book-entries. The domestic financial infrastructure in the EU is generally highly developed, with large and small value systems, central securities depositories, and modern exchanges. Until recently, the cross-border infrastructure was virtually non-existent. Central banks have traditionally played an important role in payment systems. This role has been based on both the operational and the oversight responsibilities of central banks.
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|Item Type:||Conference or Workshop Item (UNSPECIFIED)|
|Subjects for non-EU documents:||EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers|
|Subjects for EU documents:||UNSPECIFIED|
|EU Annual Reports:||UNSPECIFIED|
|Conference:||European Institute of Public Administration (EIPA) > EMU Halfway through the Transition Period. Maastricht, 18-19 September 2000|
|Depositing User:||Phil Wilkin|
|Official EU Document:||No|
|Date Deposited:||15 May 2003|
|Page Range:||p. 7|
|Last Modified:||15 Feb 2011 17:15|
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