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出版International Monetary Fund, 2022-11-04
主題Business & Economics / Accounting / FinancialBusiness & Economics / Finance / GeneralBusiness & Economics / Foreign ExchangeBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Money & Monetary PolicyBusiness & Economics / Economics / GeneralBusiness & Economics / Industries / Financial Services
ISBN9798400224188
URLhttp://books.google.com.hk/books?id=XYSdEAAAQBAJ&hl=&source=gbs_api
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註釋Cross-border payments can be slow, expensive, and risky. They are intermediated by counterparties in different jurisdictions which rely on costly trusted relationships to offset the lack of a common settlement asset as well as common rules and governance. In this paper, we present a vision for a multilateral platform that could improve cross-border payments, as well as related foreign exchange transactions, risk sharing, and more generally, financial contracting. The approach is to leverage technological innovations for public policy objectives. A common ledger, smart contracts, and encryption offer significant gains to market efficiency, completeness, and access, as well as to transparency, transaction and compliance costs, and safety. This paper is a first step aiming to stimulate further work in this space.