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

C. Priscilla Toffano and Kathy Yuan

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

JEL-codes: F3 G3 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2019-04
New Economics Papers: this item is included in nep-ara, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:100470

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