How Long to Read Introduction to Payments and Financial Market Infrastructures

How Long Does it Take to Read Introduction to Payments and Financial Market Infrastructures?

It takes the average reader 2 hours and 40 minutes to read Introduction to Payments and Financial Market Infrastructures by Ulrich Bindseil

Assuming a reading speed of 250 words per minute. Learn more

Description

Payments and financial market infrastructures are vital components of modern economies, yet they have often been overlooked by economists. However, any economic exchange, including financial market transactions, is matched by a payment leg, and the safety, efficiency, and immediacy of the payment, and the problem of linking the two legs of the transaction (“delivery-vs-payment”), remain universal challenges. The consequences of inefficiencies or interruptions in payment and settlement systems have immediate and significant impacts on the real economy. Moreover, payments and financial market infrastructures are also a matter of strategic importance for nation-states, and being excessively dependent on foreign providers has been proven to be a significant risk, as they can be “weaponized." This book provides a concise yet thorough introduction to payments and financial market infrastructures, exploring various types of risks, retail payments, payment systems, cross-border payments, central counterparties, FX operations, and central securities depositories. The final chapter investigates payment innovations, including unbacked crypto-assets (e.g. Bitcoin), stablecoins, and central bank digital currencies. The text outlines key activities and risk management frameworks, as well as examining the operational mechanics of different payment systems. The book emphasizes the importance of understanding the nature of transfer of financial claims and liabilities through the process of payment and settlement, providing financial account representations of payments wherever useful. The book concludes that the payment and financial market infrastructure space has been shaken by recent innovations, which are expected to lead to seismic shifts in payment technology, practices, and market structures.

How long is Introduction to Payments and Financial Market Infrastructures?

Introduction to Payments and Financial Market Infrastructures by Ulrich Bindseil is 160 pages long, and a total of 40,000 words.

This makes it 54% the length of the average book. It also has 49% more words than the average book.

How Long Does it Take to Read Introduction to Payments and Financial Market Infrastructures Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours and 38 minutes to read Introduction to Payments and Financial Market Infrastructures aloud.

What Reading Level is Introduction to Payments and Financial Market Infrastructures?

Introduction to Payments and Financial Market Infrastructures is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Introduction to Payments and Financial Market Infrastructures?

Introduction to Payments and Financial Market Infrastructures by Ulrich Bindseil is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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