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May 31, 2021

Mexico | Cash vs. Card Consumption Patterns: A Machine Learning Approach

We offer a novel methodology combining high frequency card transaction data from BBVA and point-of-sale data from cash operations registered at convenience stores from Frogtek by Clarity AI to study changes in consumption patterns relative to variations in income, including changes in items consumed and payment channel.

January 15, 2021

Global | The COVID-19 impact on Consumption in Real Time and High Definition: Jan 15th

The COVID-19 impact on consumption was much more intense during the first wave than in the rest of the year 2020. By sector of activity, the impact of Covid-19 has been heterogeneus too. Food and health was the most beneffited ones and tourism related sectors the most damaged.

December 17, 2020

Mexico has to wage a war against cash

Cash allowed humanity to abandon bartering, but the use of cash also involves significant problems. It facilitates tax evasion, corruption (Mexicans have become accustomed to watching videos in which corrupt politicians accept cash bribes).

December 15, 2020

Mexico | Remittances, means of sending, and dollars in cash

Only 0.7% of remittances are sent in cash and kind, 99% are sent by electronic transfers. Most of the remittances in kind and in cash come from documented Mexicans. Undocumented migrants send almost no remittances in cash and kind, since they cannot go back and forth between Mexico and the United States.

March 7, 2019

Central Bank digital currencies: features, options, pros and cons

The emergence of cryptocurrencies is opening the way to Central Bank Digital Currencies (CBDCs). This paper highlights the pros and cons of issuing CBDCs under four different variants: from the more modest proposals to the most ambitious ones where there could be a serious disruption in financial intermediation.

May 25, 2018

Banking Outlook. May 2018

Adjustments to the number of employees and branches in the sector continue, despite the deleveraging of the private sector seems to be coming to an end. The sector is feeling the effects of the resolution and sale of Banco Popular in June 2017 and posted after-tax losses of €3.9 billion for the year, although it achieved fu…

March 29, 2017

Central Bank Digital Currencies: assessing implementation possibilities and impacts

Following advances in the distributed ledger technology, central banks are assessing the issuance of digital currency. There's a range of possible schemes to adopt depending on which features of cash to hold: universality, anonymity and non-yield bearing. We analyze opportunities and challenges of 4 key schemes, that suppor…