Central bank digital currencies (CBDCs) in Latin America and the Caribbean

20.500.12592/3vp1xp

Central bank digital currencies (CBDCs) in Latin America and the Caribbean

13 Jan 2022

This paper attempts to fill the gap in central bank digital currency (CBDC) research for the Latin American and Caribbean (LAC) economies. It first examines the views of central banks in the region toward CBDCs, drawing on their responses to a survey conducted by the BIS in late 2020 and early 2021. Second, it examines whether the engagement of LAC central banks with CBDCs can be explained by the structural characteristics of their economies. Third, it reviews the long list of potential benefits, costs and risks of CBDCs.
economics technology monetary policy latin america central bank monetary economics international economics foreign and defense policy cryptocurrency (bitcoin)

Authors

Steven B. Kamin, Viviana Alfonso C, Fabrizio Zampolli

Published in
United States of America

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