The state treasury has also established computer network and undergone continuous upgrade to make sure that tax revenue can be timely collected and fiscal funds can be transferred on time. To properly provide the above-mentioned services, the relevant systems should function safely and soundly without interruption, so a back-up system must be established.
Second, the introduction of the euro on 1 January 1999 has acted as a catalyst for market participants to switch to new systems and to foster the development of hitherto underdeveloped market segments such as the corporate bond market. In this regard, the contribution made by price stability and public confidence in the Eurosystem should be mentioned.