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Las Criptomonedas: Una Mirada Esceptica y los Desafios a la Industria Financiera y Banca Central

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  • Jose De Gregorio

Abstract

Este trabajo provee un panorama general sobre criptomonedas y los desafios de las monedas digitales de los bancos centrales. Luego de describir como funcionan las criptomonedas se argumenta que no son y, muy probablemente, nunca seran monedas. Son activos de inversion sin valor intrinseco, es decir, a diferencia del capital que se usa para producir, su uso en produccion no existe. A estos activos se les conoce en economia como burbujas especulativas. Que estos criptoactivos no tengan valor no significa que su precio sea cero. Se discuten ademas algunos problemas de las criptomonedas, como es su uso en actividades ilegales, el elevado consumo de energia y sus implicancias sobre la capacidad de controlar flujos financieros transfronterizos. Tambien se discute la creacion de monedas digitales por parte de los bancos centrales, lo que podria reducir los costos de transaccion en el sistema financiero, mejorar la seguridad y contribuir a la inclusion financiera. Sin embargo, aun hay muchos desafios regulatorios y de diseno que resolver.

Suggested Citation

  • Jose De Gregorio, 2021. "Las Criptomonedas: Una Mirada Esceptica y los Desafios a la Industria Financiera y Banca Central," Working Papers wp521, University of Chile, Department of Economics.
    • Handle: RePEc:udc:wpaper:wp521
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    References listed on IDEAS

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