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Romanian Electronic System Of Interbank Payments In The Background Of Creating The Single Euro Payments Area

Author

Listed:
  • Mirela Cristea

    (University of Craiova Faculty of Economy and Business Administration, Craiova, Romania)

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.

Suggested Citation

  • Mirela Cristea, 2007. "Romanian Electronic System Of Interbank Payments In The Background Of Creating The Single Euro Payments Area," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9S), pages 47-52, May.
  • Handle: RePEc:aio:rteyej:v:1:y:2007:i:9s:p:47-52
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    File URL: http://feaa.ucv.ro/RTE/009S-07.pdf
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    Cited by:

    1. Nicu MARCU & Georgeta-Madalina MEGHISAN, 2012. "Characteristics Of The Economic - Financial Crisis In Europe," Romanian Statistical Review, Romanian Statistical Review, vol. 60(3), pages 18-30, April.

    More about this item

    Keywords

    interbank payments; electronic system; TARGET; Euro system; Single Market; real time payments; efficiency;

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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