Do CBDCs make sense for Latin America?

Steven Kamin says CBDCs may be particularly beneficial to emerging market economies

Digital currencies

Interest in central bank digital currencies, or CBDCs, is sweeping the financial sector, financial media and the central bank community. More than 80 percent of central banks around the world are investigating design and implementation issues of CBDCs in their jurisdictions, and CBDCs are a major focus of the Innovation Hub Centres recently set up by the Bank for International Settlements around the world. However, many governments and central banks are still weighing the costs and benefits of

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