A Framework for Digital Currencies for Financial Inclusion in Latin America and the Caribbean

Gabriel Bizama, Alexander Wu, Bernardo Paniagua and Max Mitre

Papers from arXiv.org

Abstract: This research aims to provide a framework to assess the contribution of digital currencies to promote financial inclusion, based on a diagnosis of the landscape of financial inclusion and domestic and cross-border payments in Latin America and the Caribbean. It also provides insights from central banks in the region on key aspects regarding a possible implementation of central bank digital currencies. Findings show that although digital currencies development is at an early stage, a well-designed system could reduce the cost of domestic and cross-border payments, improve the settlement of transactions to achieve real-time payments, expand the accessibility of central bank money, incorporate programmable payments and achieve system performance demands.

Date: 2024-01
New Economics Papers: this item is included in nep-ban, nep-cba, nep-fle, nep-mac, nep-mon and nep-pay
References: Add references at CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2401.09811 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2401.09811

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().