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Monedas digitales emitidas por bancos centrales: una valoracion de su adopcion en LatAm


  • Noelia Camara
  • Enestor Dos Santos
  • Francisco Grippa
  • Javier Sebastian
  • Fernando Soto
  • Cristina Varela


Identificamos los factores mas relevantes para la implementacion de una CBDC en LatAm, a partir de varios diseños alternativos. Concluimos que la region podria beneficiarse mas de la adopcion de una CBDC que paises desarrollados. Sin embargo, la existencia de costes asociados a la implementacion arroja incertidumbre sobre donde se adoptara primero

Suggested Citation

  • Noelia Camara & Enestor Dos Santos & Francisco Grippa & Javier Sebastian & Fernando Soto & Cristina Varela, 2018. "Monedas digitales emitidas por bancos centrales: una valoracion de su adopcion en LatAm," Working Papers 18/05, BBVA Bank, Economic Research Department.
  • Handle: RePEc:bbv:wpaper:1805

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    References listed on IDEAS

    1. Kenneth Rogoff, 2015. "Costs and Benefits to Phasing out Paper Currency," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 445-456.
    2. repec:nbb:ecrart:y:2017:m:june:i:i:p:79-92 is not listed on IDEAS
    3. Barrdear, John & Kumhof, Michael, 2016. "The macroeconomics of central bank issued digital currencies," Bank of England working papers 605, Bank of England.
    4. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe & Van Oudheusden,Peter, 2015. "The Global Findex Database 2014 : measuring financial inclusion around the world," Policy Research Working Paper Series 7255, The World Bank.
    5. Leandro Medina & Friedrich Schneider, 2018. "Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?," IMF Working Papers 18/17, International Monetary Fund.
    6. Olga Gouveia & Enestor Dos Santos & Santiago Fernandez de Lis & Alejandro Neut & Javier Sebastian, 2017. "Monedas digitales emitidas por los bancos centrales: adopcion y repercusiones," Working Papers 17/05, BBVA Bank, Economic Research Department.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Documento de Trabajo ; Bancos Centrales ; Economia Digital ; Escenarios financieros ; Latam;

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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