Financial Innovation in Latin America and the Caribbean: a Tale of Pragmatism and Progress

L'innovation financière en Amérique latine et dans les Caraïbes: Pragmatisme et progrès

Jon Frost, Jean Rochet, Alexandre Tombini and Marianne Verdier
Additional contact information
Alexandre Tombini: Banque des règlements internationaux
Marianne Verdier: Université Paris-Panthéon-Assas

Post-Print from HAL

Abstract: In financial innovation, Latin America and the Caribbean punch above their weight. Digital innovations have helped to reduce costs and enhance access to financial services. Pragmatic policies, such as public infrastructures and regulation, have helped to address economic distortions that can arise in markets. This article gives insights into both the theory and practice of financial innovation in the region. Drawing on examples like Brazil's Pix, Costa Rica's SINPE Móvil, central bank digital currencies in the Caribbean and digital wallets, lending, insurance and big tech services in other countries, it shows that innovation is proceeding rapidly. These experiences are ripe for further research to inform policy.

Date: 2025-02-13
References: Add references at CitEc
Citations:

Published in Revue d'économie financière, 2025, 4 (156), pp.97-116. ⟨10.3917/ecofi.156.0097⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:hal-04981283

DOI: 10.3917/ecofi.156.0097

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().