Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/287552 
Autor:innen: 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Digital Finance [ISSN:] 2524-6186 [Volume:] 3 [Issue:] 1 [Publisher:] Springer International Publishing [Place:] Cham [Year:] 2021 [Pages:] 25-44
Verlag: 
Springer International Publishing, Cham
Zusammenfassung: 
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.
Schlagwörter: 
Distributed ledger technology
Cross-border payments
Transaction costs
Correspondent banking
Ripple
Intermediation
JEL: 
E42
G21
O30
P51
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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