The payment system

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A comprehensive 370-page insight into the handling of financial transactions, the functioning of financial market infrastructure, and the role of the Eurosystem. Contents: Part I examines key concepts and processes in market infrastructure services of modern economies and underlying economic, business, legal, institutional and policy issues. Part II reviews the market infrastructure for the handling of financial transactions in euro and key legislation. Part III explains the roles and policies of the Eurosystem in this field, the legal basis and its cooperation arrangements.