Financial Market Infrastructures and Payments: Warehouse Metaphor Textbook

The purpose of this textbook on Financial Market Infrastructures and Payments is to provide students with a structured way of learning about financial market infrastructures and payments. The organizing principle of the textbook is a meta-phorical Warehouse. It has been written using the experience of my FMI-lectures in the Bachelor and Master Economics at Tilburg University since 2011. This textbook has been written because a major goal of my Chair at Tilburg University, called Financial Market Infrastructures and Systemic Risk, is to disseminate this knowledge to the widest audience possible. The textbook is now available to all who want to know more about how financial value is exchanged in an economy, which inherent risks loom inside the Warehouse, and how it is supervised.