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Banking on Distributed Ledger Technology: Can It Help Banks Address Financial Inclusion?

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Despite its promise, distributed ledger technology is unlikely to draw unbanked consumers into the financial mainstream

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  • Jesse Leigh Maniff & W. Blake Marsh, 2017. "Banking on Distributed Ledger Technology: Can It Help Banks Address Financial Inclusion?," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 53-77.
  • Handle: RePEc:fip:fedker:00056
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    1. Mills, Gregory & Gale, William G. & Patterson, Rhiannon & Engelhardt, Gary V. & Eriksen, Michael D. & Apostolov, Emil, 2008. "Effects of individual development accounts on asset purchases and saving behavior: Evidence from a controlled experiment," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1509-1530, June.
    2. Angela C. Lyons & Erik Scherpf, 2005. "Moving from unbanked to banked: evidence from the Money Smart program," Proceedings 964, Federal Reserve Bank of Chicago.
    3. Dong He & Karl F Habermeier & Ross B Leckow & Vikram Haksar & Yasmin Almeida & Mikari Kashima & Nadim Kyriakos-Saad & Hiroko Oura & Tahsin Saadi Sedik & Natalia Stetsenko & Concha Verdugo Yepes, 2016. "Virtual Currencies and Beyond; Initial Considerations," IMF Staff Discussion Notes 16/3, International Monetary Fund.
    4. Michal Grinstein-Weiss & Michael Sherraden & William G. Gale & William M. Rohe & Mark Schreiner & Clinton Key, 2013. "Long-Term Impacts of Individual Development Accounts on Homeownership among Baseline Renters: Follow-Up Evidence from a Randomized Experiment," American Economic Journal: Economic Policy, American Economic Association, vol. 5(1), pages 122-145, February.
    5. Fumiko Hayashi, 2016. "Access to Electronic Payments Systems by Unbanked Consumers," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 51-76.
    6. John P. Caskey, 2001. "Reaching out to the unbanked," Proceedings 786, Federal Reserve Bank of Chicago.
    7. Sarah Bloom Raskin, 2011. "Economic and financial inclusion in 2011: what it means for Americans and our economic recovery: a speech at the New America Foundation Forum, Washington, D.C., June 29, 2011," Speech 577, Board of Governors of the Federal Reserve System (U.S.).
    8. Ali, Robleh & Barrdear, John & Clews, Roger & Southgate, James, 2014. "Innovations in payment technologies and the emergence of digital currencies," Bank of England Quarterly Bulletin, Bank of England, vol. 54(3), pages 262-275.
    9. Drew Dahl & Michelle Franke, 2017. "\\"Banking Deserts\\" Become a Concern as Branches Dry Up," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 25(2).
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    Cited by:

    1. Jesse Leigh Maniff, 2020. "Inclusion by Design: Crafting a Central Bank Digital Currency to Reach All Americans," Payments System Research Briefing, Federal Reserve Bank of Kansas City, pages 1-5, December.
    2. Jesse Leigh Maniff, 2020. "Motives Matter: Examining Potential Tension in Central Bank Digital Currency Designs," Payments System Research Briefing, Federal Reserve Bank of Kansas City, pages 1-4, July.

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