Contemporaneous financial intermediation
Keyword(s):
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.
2006 ◽
Vol 21
(3)
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pp. 195-202
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2013 ◽
Vol 411-414
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pp. 2583-2588
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2021 ◽
Vol 14
(3)
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pp. 385-389
Keyword(s):
2021 ◽
Vol ahead-of-print
(ahead-of-print)
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2007 ◽
Vol 45
(4)
◽
pp. 899-920
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