Contemporaneous financial intermediation

Author:

Merz MarkusORCID

Abstract

AbstractDigital innovations in banking and payments recently have garnered a great deal of attention. Specifically, distributed ledger technology (DLT) has the potential to fundamentally change the roles and responsibilities of stakeholders in the financial sector. DLT is a novel and fast-evolving approach to record and share data, e.g., payment transactions, among members of a decentralized network. Using transaction cost theory, the paper examines how DLT will change the cross-border payment infrastructure. DLT can reduce the overall transaction costs potentially resulting in the disappearance of correspondent banks.

Funder

Eberhard Karls Universität Tübingen

Publisher

Springer Science and Business Media LLC

Subject

General Engineering

Reference61 articles.

1. Afonso, G., & Shin, H. S. (2011). Precautionary demand and liquidity in payment systems. Journal of Money, Credit and Banking,43, 589–619. https://doi.org/10.1111/j.1538-4616.2011.00454.x.

2. Allen, F., Babus, A., & Carletti, E. (2012). Asset commonality, debt maturity and systemic risk. Journal of Financial Economics,104(3), 519–534. https://doi.org/10.1016/j.jfineco.2011.07.003.

3. Armknecht, F., Karame, G.O., Mandal, A., Youssef, F., & Zenner, E. (2015). Ripple: Overview and outlook. In: Conti, M., Schunter, M., & Askoxylakis, I. (eds). International Conference on Trust and Trustworthy Computing, Springer International Publishing, pp. 163–180.

4. Auer, R., & Boehme, R. (2020). The technology of retail central bank digital currency. Quarterly Review, March: 85–100, Bank for International Settlements.

5. Bank of Canada, Bank of England, and Monetary Authority of Singapore (2018) Cross-border interbank payments and settlements. Emerging opportunities for digital transformation, https://www.mas.gov.sg/-/media/MAS/ProjectUbin/Cross-Border-Interbank-Payments-and-Settlements.pdf.

Cited by 1 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3