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Brandeisian Banking, Kathryn Judge
Brandeisian Banking, Kathryn Judge
Faculty Scholarship
Banking law shapes the structure of the banking system, which in turn shapes the structure of the economy. One of the most significant ways that banking law in the United States traditionally sought to promote Brandeisian values of stability and decentralization was through a combination of carrots and sticks that enabled small banks across the country to thrive. To see this requires a richer understanding of Brandeis as someone who valued not just atomistic competition but also small business and broad flourishing. It also requires a deeper understanding of the ways different parts of banking law worked together during the …
Should Central Banks Use Distributed Ledger Technology And Digital Currencies To Advance Financial Inclusion?, Michael S. Barr, Adrienne A. Harris, Lev Menand, Karin Thrasher
Should Central Banks Use Distributed Ledger Technology And Digital Currencies To Advance Financial Inclusion?, Michael S. Barr, Adrienne A. Harris, Lev Menand, Karin Thrasher
Other Publications
This paper examines how central banks might use distributed ledger technology (“DLT”) to improve access to safe and affordable financial products and services. We consider how central banks might use DLT to advance objectives such as Anti-Money Laundering (“AML”) compliance and discuss both central bank digital currencies (“CBDC”) and private digital currencies. We consider implementation challenges for these new approaches relating to interoperability, privacy, and efficiency. We conclude that financial inclusion is far from an assured outcome: central banks must work to ensure that any new technologies they adopt or foster do not exclude marginalized groups and instead focus with …