PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA

PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA

The management of payment and settlement systems is one of the traditional functions of central banks that seeks to ensure financial stability. Similar to the case of other important function, that of lender of last resort, it is wise to ask ourselves whether the central bank is the best institu...

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Main Author: MARIA VASILESCU
Format: Article
Language:English
Published: Academica Brâncuşi 2014-05-01
Series:Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
Subjects:
NBR
payment system
financial stability
Online Access:http://www.utgjiu.ro/revista/ec/pdf/2014-02/20_Vasilescu%20Maria.pdf
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spelling doaj-47296dbb8530416fb28fd7f64607ebf02020-11-25T02:16:43ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie 1844-70071844-70072014-05-0122148 150PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIAMARIA VASILESCU 0CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU The management of payment and settlement systems is one of the traditional functions of central banks that seeks to ensure financial stability. Similar to the case of other important function, that of lender of last resort, it is wise to ask ourselves whether the central bank is the best institution to manage payment systems. Also, considering the advances in the field, some questions arise: whether or not they contributed to the reduction of systemic risk?, do they bring extra liquidity and stability of the EMU scheme?. http://www.utgjiu.ro/revista/ec/pdf/2014-02/20_Vasilescu%20Maria.pdf NBRpayment systemfinancial stability
collection DOAJ
language English
format Article
sources DOAJ
author MARIA VASILESCU
spellingShingle MARIA VASILESCU
PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
NBR
payment system
financial stability
author_facet MARIA VASILESCU
author_sort MARIA VASILESCU
title PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA
title_short PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA
title_full PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA
title_fullStr PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA
title_full_unstemmed PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA
title_sort payment systems and the role of the central bank of romania
publisher Academica Brâncuşi
series Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
issn 1844-7007
1844-7007
publishDate 2014-05-01
description The management of payment and settlement systems is one of the traditional functions of central banks that seeks to ensure financial stability. Similar to the case of other important function, that of lender of last resort, it is wise to ask ourselves whether the central bank is the best institution to manage payment systems. Also, considering the advances in the field, some questions arise: whether or not they contributed to the reduction of systemic risk?, do they bring extra liquidity and stability of the EMU scheme?.
topic NBR
payment system
financial stability
url http://www.utgjiu.ro/revista/ec/pdf/2014-02/20_Vasilescu%20Maria.pdf
work_keys_str_mv AT mariavasilescu paymentsystemsandtheroleofthecentralbankofromania
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