Also, a consensus model would be better equipped to identify possible malicious insiders. An open question is still how to deliver on the resilience, while also improving functionality and efficiency. Secondly, DLT could also reduce settlement risks, as it offers an alternative method for delivery versus payment. Transactions can be settled within seconds, with full anonymity and confidentiality.
How does the transmission mechanism work when the economy is at the lower bound of the interest rates? Might the working of those measures be impaired after some time? What are the interactions with other developments, such as commodity prices, financial regulation, legacy assets in banking, and conditions in the world economy?