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E-shekels across borders: a distributed ledger system to settle payments between Israel and the West Bank

Toffano, Priscilla and Yuan, Kathy (2019) E-shekels across borders: a distributed ledger system to settle payments between Israel and the West Bank. LSE Middle East Centre paper series (26). LSE Middle East Centre, London, UK.

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Abstract

Beginning in 2016, Israeli banks announced their intention to sever correspondent ties with their counterparts in the West Bank, citing risks around money laundering and terror financing. This paper contributes to the discussion about how to save Palestinian/Israeli transactions by proposing a private, permissioned distributed ledger system, jointly owned by the Palestinian and Israeli central banks, where Israeli and Palestinian banks can exchange e-shekels to settle payments.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/middle-east-centre
Additional Information: © 2019 The Authors
Divisions: Finance
Subjects: H Social Sciences > HG Finance
J Political Science > JA Political science (General)
Date Deposited: 15 Apr 2019 08:06
Last Modified: 12 Oct 2019 23:26
URI: http://eprints.lse.ac.uk/id/eprint/100470

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