Introduction

Ulrich Bindseil and George Pantelopoulos
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Ulrich Bindseil: European Central Bank
George Pantelopoulos: University of Newcastle

Chapter 1 in Introduction to Payments and Financial Market Infrastructures, 2023, pp 1-15 from Springer

Abstract: Abstract In this introductory chapter, some basic principles and definitions relating to financial market infrastructures (FMIs) are provided. Some of the relevant policy issues are outlined, which is followed by a discussion as to why central banks play an important role for FMIs. The chapter then introduces the idea that payments and post-trade operations may be studied through systems of financial accounts, and a simple example is provided. The universal role of financial messaging is explained and finally, the chapter unpacks why the structure of the financial money system is multi-layered.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-39520-8_1

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DOI: 10.1007/978-3-031-39520-8_1

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