Subjects:

EU Law

Contents:

The basic legal concepts. The economics of payments. Payments in four European Countries. Legal issues in payment systems. Legal issues in the international context. The role of EU institutions and bodies in cross-border payment. The Internal Market. Harmonisation of national legislation. Insolvency law and netting. Payments and competition rules. EMU. The payments system in stage three of EMU.

The Payment System in the European Union provides a comprehensive examination of the problems of legal risk in payments systems. Placing the law firmly in its economic context, it offers clear analysis at both macro-level, such as controlling systemic risk, and at a micro-level, such as facilitating cross-border transactions. * Draws all the legal issues concerning payments systems together in one volume * Covers key contemporary developments such as EMU and the transition to the euro * Examines issues relevant to payment systems in all parts of the world.