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Target - New Payment System For The Euro Area

Author

Listed:
  • ELENA VIOLETA DRAGOI

    (DEPARTMENT OF FINANCE – ACCOUNTING, VALAHIA UNIVERSITY OF TARGOVISTE (ROMANIA))

  • MIHAELA DENISA COMAN

    (CENTRE FOR RESEARCH AND STUDIES IN ACCOUNTING AND FINANCE, FROM THE SCIENTIFIC AND TECHNOLOGICAL INSTITUTE OF MULTIDISCIPLINARY RESEARCH, VALAHIA UNIVERSITY OF TARGOVISTE (ROMANIA))

  • OANA MIHAELA ILIE

Abstract

At EU level, the funds transfer systems have undergone significant changes starting with the introduction of euro. The launch of the euro, the emergence of new technologies, introduction of financial innovations and the globalization have led to reorganization of funds transfer systems` infrastructure. The paper aims to offer an analysis of actual payment system for Euro area, a trans-European funds transfer system with gross settlement in real -time for payments in euro TARGET- to increase economical and operational efficiency of payments and also to reduce the risks in the electronic funds transfer system by creating efficient and secure payment systems.

Suggested Citation

  • Elena Violeta Dragoi & Mihaela Denisa Coman & Oana Mihaela Ilie, 2015. "Target - New Payment System For The Euro Area," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 102-107, April.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:2:p:102-107
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