Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287552 
Authors: 
Year of Publication: 
2021
Citation: 
[Journal:] Digital Finance [ISSN:] 2524-6186 [Volume:] 3 [Issue:] 1 [Publisher:] Springer International Publishing [Place:] Cham [Year:] 2021 [Pages:] 25-44
Publisher: 
Springer International Publishing, Cham
Abstract: 
Digital 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.
Subjects: 
Distributed ledger technology
Cross-border payments
Transaction costs
Correspondent banking
Ripple
Intermediation
JEL: 
E42
G21
O30
P51
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.