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Central bank digital currencies: An assessment of their adoption in Latin America

Noelia Camara, Enestor Dos Santos, Francisco Grippa, Javier Sebastián, Fernando Soto and Cristina Varela

No 18/13, Working Papers from BBVA Bank, Economic Research Department

Abstract: This document focuses on identifying factors affecting the implementation of a Central Bank digital currency (CBDC) in Latin American countries. The adoption of a CBDC (non-universal) for the interbank and wholesale payment system would lead to a relatively minor level of disruption in the economy. In this case, the implementation costs is an important issue.

Keywords: Working Paper; Digital Regulation; Central Banks; Digital economy; Financial Markets; Financial Inclusion; Latin America (search for similar items in EconPapers)
JEL-codes: O33 E43 E58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fle, nep-ict, nep-mac, nep-mon and nep-pay
Date: 2018-10
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Handle: RePEc:bbv:wpaper:1813