This page is dedicated to structured learning about Financial Market Infrastructures and Payments. These are important topics (e.g. financial stability or systemic risk), yet not many Economics or Finance students encounter them during their studies. Therefore , based on my lectures for students at Tilburg University (The Netherlands), I have written an introductory textbook.    
on this fascinating multidisciplinary field of financial market infrastructures and payments.

The purpose of this textbook is to provide students with a structured way of learning about financial market infrastructures and payments. The organizing principle of the textbook is a metaphorical Warehouse. This hopefully contributes to the main goal of my Chair Financial Market Infrastructures at Tilburg University: to disseminate this knowledge to the widest audience possible. The textbook is available here to all of you who want to know more about how financial value is exchanged in an economy, which inherent risks loom inside the Warehouse, how it is supervised, and how the Warehouse innovates.

Ron Berndsen

Professor of Financial Market Infrastructures

Tilburg University home page