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Monedas digitales emitidas por bancos centrales: una valoracion de su adopcion en LatAm

Author

Listed:
  • Noelia Camara
  • Enestor Dos Santos
  • Francisco Grippa
  • Javier Sebastian
  • Fernando Soto
  • Cristina Varela

Abstract

Identificamos los factores mas relevantes para la implementacion de una CBDC en LatAm, a partir de varios diseños alternativos. Concluimos que la region podria beneficiarse mas de la adopcion de una CBDC que paises desarrollados. Sin embargo, la existencia de costes asociados a la implementacion arroja incertidumbre sobre donde se adoptara primero

Suggested Citation

  • Noelia Camara & Enestor Dos Santos & Francisco Grippa & Javier Sebastian & Fernando Soto & Cristina Varela, 2018. "Monedas digitales emitidas por bancos centrales: una valoracion de su adopcion en LatAm," Working Papers 18/05, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:1805
    as

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    File URL: https://www.bbvaresearch.com/wp-content/uploads/2018/04/CBDCs-in-LATAM.pdf
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    References listed on IDEAS

    as
    1. Noelia Camara & David Tuesta, 2017. "DiGiX: The Digitization Index," Working Papers 17/03, BBVA Bank, Economic Research Department.
    2. Leandro Medina & Mr. Friedrich Schneider, 2018. "Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?," IMF Working Papers 2018/017, International Monetary Fund.
    3. Kenneth S. Rogoff, 2016. "The Curse of Cash," Economics Books, Princeton University Press, edition 1, number 10798.
    4. Olga Gouveia & Enestor Dos Santos & Santiago Fernandez de Lis & Alejandro Neut & Javier Sebastian, 2017. "Monedas digitales emitidas por los bancos centrales: adopcion y repercusiones," Working Papers 17/05, BBVA Bank, Economic Research Department.
    5. A. Stevens, 2017. "Digital currencies : Threats and opportunities for monetary policy," Economic Review, National Bank of Belgium, issue i, pages 79-92, June.
    6. Kenneth Rogoff, 2015. "Costs and Benefits to Phasing out Paper Currency," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 445-456.
    7. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe & Van Oudheusden,Peter, 2015. "The Global Findex Database 2014 : measuring financial inclusion around the world," Policy Research Working Paper Series 7255, The World Bank.
    8. Barrdear, John & Kumhof, Michael, 2016. "The macroeconomics of central bank issued digital currencies," Bank of England working papers 605, Bank of England.
    9. Nurbayev, Daniyar, 2018. "The rule of law, central bank independence and price stability," Journal of Institutional Economics, Cambridge University Press, vol. 14(4), pages 659-687, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Documento de Trabajo ; Bancos Centrales ; Economia Digital ; Escenarios financieros ; Latam;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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