It is now generally accepted that a central bank has a duty to oversee the payment systems of a country. This responsibility is expressly recognized by the Maastricht Treaty, which lists among the four basic tasks of a central bank that is a member of the European System of Central Banks the promoti...

Ausführliche Beschreibung

Bibliographische Detailangaben

Körperschaften:	International Monetary Fund. Legal Department, IMF Institute
Weitere Verfasser:	Effros, Robert C.
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C. : International Monetary Fund, 1998.
Schlagworte:	Banks and banking, Central > Law and legislation > Congresses. Banking law > Congresses. LAW > Banking. Banking law Banks and banking, Central > Law and legislation Conference papers and proceedings
Online-Zugang:	Volltext
Zusammenfassung:	It is now generally accepted that a central bank has a duty to oversee the payment systems of a country. This responsibility is expressly recognized by the Maastricht Treaty, which lists among the four basic tasks of a central bank that is a member of the European System of Central Banks the promotion of the "smooth operation of payment systems." Increasingly, the responsibility is finding expression in modern central bank legislation, not only in the European Community but elsewhere as well. While the concept of payment of an obligation is fundamental in law and commercial practice, its origin is shrouded in antiquity. Nevertheless, as the millennium draws to a close, the development of new methods of making payments (each with its legal framework) is accelerating. In what follows, several major payment systems will be considered.
Beschreibung:	1 online resource
ISBN:	9781455215393 1455215392