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Could migrant families encourage the adoption of CBDCs in developing countries?

Author

Listed:
  • Dominique Torre

    (GREDEG, Université Côte d'Azur)

  • Qing Xu

    (ICL, Junia, Université Catholique de Lille, LITL)

Abstract

We examine the potential of upcoming Central Bank Digital Currencies (CBDCs) to be used as a means of transferring remittances. In a simple theoretical model, CBDCs compete with traditional channels provided by specialized intermediaries and with digital transfer options already offered by fintech companies. Their success depends on factors such as anonymity, potential conversion into cash, and the network effects generated by CBDC transactions among recipients' families.

Suggested Citation

  • Dominique Torre & Qing Xu, 2025. "Could migrant families encourage the adoption of CBDCs in developing countries?," Economics Bulletin, AccessEcon, vol. 45(2), pages 842-853.
    • Handle: RePEc:ebl:ecbull:eb-24-00397
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    Keywords

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    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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