Download or read book Improving Cross-border Payments in the Euro Area written by Simona Amati and published by Virago Press. This book was released on 2000 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: A common means of payment for the European Union has almost been achieved but it has not been followed by a single payments area. Efficient cross border transfers have been created with the implementation of the Euro and cross-border wholesale payments can now be processed cheaply and quickly. However retail transactions are still hampered by inefficient procedures. The aim of this paper is to analyse the current situation in a number of selected financial institutions and outline ways for improvement.