CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean
In late 2021 and early 2022, CEMLA conducted a thorough survey involving 12 central banks to analyze key aspects related to the potential implementation of a Central Bank Digital Currency (CBDC). The findings revealed prevalent issues and objectives regarding digital payments in the region, as well...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-12-01
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| Series: | Latin American Journal of Central Banking |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666143824000176 |
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| author | Gerardo Hernández del Valle Karla Chua Mejía Bernardo Paniagua Zabal Matias Alfredo Gutierrez Girault Pablo Villalobos González |
| author_facet | Gerardo Hernández del Valle Karla Chua Mejía Bernardo Paniagua Zabal Matias Alfredo Gutierrez Girault Pablo Villalobos González |
| author_sort | Gerardo Hernández del Valle |
| collection | DOAJ |
| description | In late 2021 and early 2022, CEMLA conducted a thorough survey involving 12 central banks to analyze key aspects related to the potential implementation of a Central Bank Digital Currency (CBDC). The findings revealed prevalent issues and objectives regarding digital payments in the region, as well as promising avenues for central bank involvement. However, it highlighted the challenges of creating a universal CBDC framework due to significant disparities among neighboring countries. Nonetheless, the collaborative research approach promises valuable insights for future efforts. To protect participant anonymity, each country’s responses were anonymized with randomly assigned letters.The survey extensively examined awareness and understanding of CBDCs across diverse stakeholders in Latin American nations, including the general public, corporations, and financial institutions. These insights could shape educational campaigns and communication strategies, enabling policymakers and central banks to effectively share information about CBDCs.Moreover, this research effort sheds light on public perceptions, expectations, and concerns about CBDCs in Latin America. By exploring various dimensions such as awareness, interest, adoption potential, concerns, preferences, and regulatory considerations, the survey offers a comprehensive understanding of the CBDC landscape in the region. This holistic approach provides valuable insights for policymakers, central banks, and stakeholders to navigate the complexities of CBDC implementation effectively and responsibly. |
| format | Article |
| id | doaj-art-05f15bd85e98433cb537586d98c36b99 |
| institution | DOAJ |
| issn | 2666-1438 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Latin American Journal of Central Banking |
| spelling | doaj-art-05f15bd85e98433cb537586d98c36b992025-08-20T02:49:01ZengElsevierLatin American Journal of Central Banking2666-14382024-12-015410013510.1016/j.latcb.2024.100135CEMLA’s survey on central bank digital currencies in Latin America and the CaribbeanGerardo Hernández del Valle0Karla Chua Mejía1Bernardo Paniagua Zabal2Matias Alfredo Gutierrez Girault3Pablo Villalobos González4Centro de Estudios Monetarios Latinoamericanos, México; Associate Professor of Practice, Instituto Tecnológico Autónomo de México, México; Corresponding author.Centro de Estudios Monetarios Latinoamericanos, MéxicoCentro de Estudios Monetarios Latinoamericanos, MéxicoBanco Central de la República Argentina, ArgentinaBanco Central de Costa Rica, Costa RicaIn late 2021 and early 2022, CEMLA conducted a thorough survey involving 12 central banks to analyze key aspects related to the potential implementation of a Central Bank Digital Currency (CBDC). The findings revealed prevalent issues and objectives regarding digital payments in the region, as well as promising avenues for central bank involvement. However, it highlighted the challenges of creating a universal CBDC framework due to significant disparities among neighboring countries. Nonetheless, the collaborative research approach promises valuable insights for future efforts. To protect participant anonymity, each country’s responses were anonymized with randomly assigned letters.The survey extensively examined awareness and understanding of CBDCs across diverse stakeholders in Latin American nations, including the general public, corporations, and financial institutions. These insights could shape educational campaigns and communication strategies, enabling policymakers and central banks to effectively share information about CBDCs.Moreover, this research effort sheds light on public perceptions, expectations, and concerns about CBDCs in Latin America. By exploring various dimensions such as awareness, interest, adoption potential, concerns, preferences, and regulatory considerations, the survey offers a comprehensive understanding of the CBDC landscape in the region. This holistic approach provides valuable insights for policymakers, central banks, and stakeholders to navigate the complexities of CBDC implementation effectively and responsibly.http://www.sciencedirect.com/science/article/pii/S2666143824000176CBDCCross-border paymentsDigital payments |
| spellingShingle | Gerardo Hernández del Valle Karla Chua Mejía Bernardo Paniagua Zabal Matias Alfredo Gutierrez Girault Pablo Villalobos González CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean Latin American Journal of Central Banking CBDC Cross-border payments Digital payments |
| title | CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean |
| title_full | CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean |
| title_fullStr | CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean |
| title_full_unstemmed | CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean |
| title_short | CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean |
| title_sort | cemla s survey on central bank digital currencies in latin america and the caribbean |
| topic | CBDC Cross-border payments Digital payments |
| url | http://www.sciencedirect.com/science/article/pii/S2666143824000176 |
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