PAYMENT SYSTEMS AND THE ROLE OF THE CENTRAL BANK OF ROMANIA

Maria Vasilescu
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Maria Vasilescu: „CONSTANTIN BRANCUSI” UNIVERSITY OF TIRGU-JIU FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION

Annals - Economy Series, 2014, vol. 2, 148-150

Abstract: 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?.

Keywords: NBR; payment system; financial stability. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:2:p:148-150

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