Working Paper
Contrasting Ledgers: Considerations for U.S. Dollar Interbank Payment Systems
Abstract: This paper describes the current U.S. dollar interbank payments landscape and identifies its key characteristics. It then discusses major considerations and potential tradeoffs that various conceptual alternatives might raise.
https://doi.org/10.17016/FEDS.2026.011
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https://www.federalreserve.gov/econres/feds/files/2026011pap.pdf
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: Finance and Economics Discussion Series
Publication Date: 2026-02-25
Number: 2026-011