IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/72181.html
   My bibliography  Save this paper

Bill Of Exchange - A Modern And Efficient Instrument Of Payment Within The Commercial Relations

Author

Listed:
  • Mihai, Gabriel

Abstract

The mechanism of payment and compensation is an important component of the monetary system and financial infrastructure of the economy, ensuring the cash flow and the transfer of monetary assets. Due to the development of the trade and the economic modernization the payment in scriptural money (currency account) was imposed in the internal and international transactions, the circuit of payment instruments and credit (bills of exchange, checks, promissory notes) amplified and, recently, the electronic payment became functional by using bank cards and computerization of settlement systems, which have contributed to ensuring payment in real time, reducing the risks and costs of funds transfer.

Suggested Citation

  • Mihai, Gabriel, 2016. "Bill Of Exchange - A Modern And Efficient Instrument Of Payment Within The Commercial Relations," MPRA Paper 72181, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:72181
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/72181/1/MPRA_paper_72181.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    instruments of payment; monetary assets; bill of exchange; international commerce; fiduciary currency; transaction settlement;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:72181. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.