In this working paper, Bachman, Chakravorti, Rane, and Thyagarajan propose an incentive mechanism to remove CO2 from the atmosphere using direct air carbon capture and storage technology using distributed ledger technology.
Chakravorti investigates payments system reforms begun by the Bank of Mexico in 1994. The goals of these reforms are to reduce the amount of uncollateralized intraday credit extended by the Bank of Mexico (previously unlimited), to promote a market-based allocation of intraday credit for interbank payments, and to move large-value...