Artikel
Contemporaneous financial intermediation
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.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Digital Finance ; ISSN: 2524-6186 ; Volume: 3 ; Year: 2021 ; Issue: 1 ; Pages: 25-44 ; Cham: Springer International Publishing
- Klassifikation
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Comparative Analysis of Economic Systems
- Thema
-
Distributed ledger technology
Cross-border payments
Transaction costs
Correspondent banking
Ripple
Intermediation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Merz, Markus
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer International Publishing
- (wo)
-
Cham
- (wann)
-
2021
- DOI
-
doi:10.1007/s42521-021-00029-3
- Letzte Aktualisierung
- 10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Merz, Markus
- Springer International Publishing
Entstanden
- 2021
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