Analysis of payment systems in the Czech Republic and in the Slovak Republic

The dissertation deals with interbank payment systems with finality of settlement in Czech Republic and Slovakia. First chapter defines each payment system based on different criteria and deals with risks related to operation of payment systems. As both countries are members of European Union, same legal documents of European Union apply for both of them. These documents are described in the second chapter. A brief description of payment systems used in European Union is included in the third chapter. There is also described the development of payment flows in European payment systems TARGET, TARGET2 and EURO1. Forth chapter contains global analysis of Czech payment system CERTIS and Slovak payment systems EURO SIPS and TARGET2-SK from different perspectives. Very important part of this dissertation is fifth chapter, where payment systems are analyzed based on the comparison -- number of participants, number of process payments and volumes of these transactions