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Western Hemisphere > Argentina

You are looking at 1 - 5 of 5 items for :

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Cover IMF Working Papers
Cross-Border Payments Integration in Latin America and the Caribbean
Dimitris Drakopoulos
,
Yibin Mu
,
Dmitry Vasilyev
, and
Mauricio Villafuerte
Cross-border payment inefficiencies are a significant barrier to trade both within Latin America and the Caribbean (LAC) and between LAC and other regions. This paper provides a comprehensive review of historical efforts undertaken by various countries within the LAC region to address these challenges. We also explore the potential of recent financial innovations, such as digital currencies and blockchain technology, to enhance cross-border payments. While new technologies do not substitute for prudent and credible macroeconomic policies, leveraging these technologies can help LAC countries reduce transaction costs and times, thus enhancing economic efficiency and fostering deeper regional and global trade relationships.
Keywords:
Cross-Border Payments; Financial Innovation; International Trade; Economic Integration.; LAC payment infrastructure; payment arrangement; cross-border payment inefficiency; integration in Latin America and the Caribbean; cross-border payments integration; Payment systems; Currencies; Financial inclusion; Anti-money laundering and combating the financing of terrorism (AML/CFT); Caribbean; Central America; South America; Global; East Asia
Cover IMF Working Papers
Crypto Assets and CBDCs in Latin America and the Caribbean: Opportunities and Risks
Maximiliano Appendino
,
Olga Bespalova
,
Ms. Rina Bhattacharya
,
Jean François Clevy
,
Ms. Nan Geng
,
Mr. Takuji Komatsuzaki
,
Justin Lesniak
,
Weicheng Lian
,
Ms. Sandra Marcelino
,
Mr. Mauricio Villafuerte
, and
Mr. Yorbol Yakhshilikov
After providing a general overview of the nature, pros, and cons of crypto assets and CBDCs, this paper focuses on documenting their recent experience in LAC. The region records a high interest in unbacked crypto assets and stablecoins and its authorities’ policy responses have varied substantially, ranging from the introduction of Bitcoin as legal tender in El Salvador to their prohibition in many other countries worried about their impact on financial stability, currency/asset substitution, tax evasion, corruption, and money laundering. This paper also describes briefly the results of a survey on CBDCs’ introduction plans and crypto assets regulation. Finally, this paper presents some general lessons and policy recommendations for the region on the regulation of cypto assets, digital currencies and cross-border payments, and on the potential introduction of CBDCs.
Keywords:
crypto assets regulation; asset substitution; CBDCs in Latin America and the Caribbean; Policy recommendation; cypto assets; IMF working paper 23/37; Virtual currencies; Central Bank digital currencies; Digital currencies; Payment systems; Currencies; Caribbean; Central America; South America; Global
Cover Current Developments in Monetary and Financial Law, Volume 2
Current Developments in Monetary and Financial Law, Volume 2
International Monetary Fund

Abstract

The papers published in this volume are based on an IMF seminar held in 2000 that covered a broad range of topics on monetary and financial law, such as the liberalization of capital movements, data dissemination, responsibilities of central banks, and the IMF’s goals in financial surveillance and architecture. Participants addressed recent issues in the financial sector, including those related to payment systems and supervision of financial institutions. Updates dealt with Internet banking, bank secrecy, and currency arrangements-including dollarization. Participants discussed the recent activities of the other international financial institutions, which included the European Central Bank and the International Finance Corporation. Prevention of financial crises was also discussed, with reference to the distinct roles of the IMF and the private sector.

Keywords:
SEM; central bank; country; bank; government; bank regulator; unit of account; bank restructuring agency; home currency rule; fund arrangement; Currencies; Payment systems; Legal support in revenue administration; Credit risk; Bank supervision; Global; Europe; East Asia; Baltics; Caribbean; South America; Central America
Cover IMF Staff Papers
IMF Staff papers, Volume 41 No. 3
International Monetary Fund. Research Dept.
This paper focuses on the payments system reforms and monetary policy in emerging market economies in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and the instruments of monetary policy used by the central banks. The paper shows that although starting from similar origins, there were significant variations in experiences of the countries studied in transforming their payments systems after the start of the reforms toward a market economy, from which certain lessons can be drawn.
Keywords:
SP; priority mail delivery; IMF paper; Washington; D.C. 20431; yield curve differential; price movement; Currencies; Payment systems; Government debt management; Exchange rates; Inflation; Central and Eastern Europe; Europe; Maghreb; Global
Cover Determinants and Systemic Consequences of International Capital Flows
Determinants and Systemic Consequences of International Capital Flows
Mr. D. F. I. Folkerts-Landau
,
Mr. Donald J Mathieson
,
Mr. Morris Goldstein
,
Ms. Liliana Rojas-Suárez
,
Mr. José Saúl Lizondo
, and
Mr. Timothy D. Lane

Abstract

The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Structural changes in these financial market, however, may have undermined the effectiveness of monetary and fiscal policy and complicated market access by developing countries. These are among the findings of this study of capital flows in the 1970s and the 1980s.

Keywords:
OP; capital flight; bank; debt; payment; clearinghouse; payment system; increases in capital capital flight; point of view; foreign currency; U.S. dollar; stemming capital flight; currency firm; Foreign direct investment; Capital outflows; Capital flows; Payment systems; Credit; Global; Europe; North America; Asia and Pacific