The Functions of Law and of Digital Platforms in the Payment System

Q2 Social Sciences

European Business Law Review Pub Date : 2022-12-01 DOI:10.54648/eulr2022047

M. Ortino

引用次数: 0

Abstract

This article focuses on the industrial role of the State, including the European Union, in the specific field of payments, probably the single most important component of any advanced economic system. Taking the payment system as a case study, the aim is to highlight and explore the conceptual and functional link and analogy between the industrial role of the State, on the one hand, and digital platforms, on the other. Policy makers adopt the most important economic functions exercised by or through digital platforms as industrial measures. The State enables and spurs economic growth and innovation in the payment systems by enacting two industrial measures that represent an application of the platform ‘mechanism’. These measures consist, firstly, in providing a public platform for the private sector and, secondly, in promoting the ‘platformisation’ of the private sector. Digital platforms, payment system, industrial policy, open banking, PSD2, intermediation, money, central bank digital currency (CBDC), innovation, transaction cost

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法律和数字平台在支付系统中的作用

这篇文章的重点是国家，包括欧洲联盟，在特定的支付领域的工业作用，这可能是任何先进经济体系中最重要的组成部分。以支付系统为例，目的是强调和探索国家的产业角色与数字平台之间的概念和功能联系和类比。政策制定者将数字平台或通过数字平台行使的最重要的经济职能作为产业措施。国家通过制定两项代表平台“机制”应用的行业措施，促进和刺激经济增长和支付系统创新。这些措施首先是为私营部门提供一个公共平台，其次是促进私营部门的“平台化”。数字平台、支付系统、产业政策、开放银行、PSD2、中介、货币、央行数字货币、创新、交易成本

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Business Law Review Social Sciences-Law

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The mission of the European Business Law Review is to provide a forum for analysis and discussion of business law, including European Union law and the laws of the Member States and other European countries, as well as legal frameworks and issues in international and comparative contexts. The Review moves freely over the boundaries that divide the law, and covers business law, broadly defined, in public or private law, domestic, European or international law. Our topics of interest include commercial, financial, corporate, private and regulatory laws with a broadly business dimension. The Review offers current, authoritative scholarship on a wide range of issues and developments, featuring contributors providing an international as well as a European perspective. The Review is an invaluable source of current scholarship, information, practical analysis, and expert guidance for all practising lawyers, advisers, and scholars dealing with European business law on a regular basis. The Review has over 25 years established the highest scholarly standards. It distinguishes itself as open-minded, embracing interests that appeal to the scholarly, practitioner and policy-making spheres. It practices strict routines of peer review. The Review imposes no word limit on submissions, subject to the appropriateness of the word length to the subject under discussion.