Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on Financial System

Colombia | This is the year to redefine our electronic payments model

19 January 2024

Transferring money or making a payment should be as easy as moving money from one pocket to another, without the hassles and risks of cash. The Colombian authorities and in particular the central bank have been working on a new payment system that promises to be easy, immediate, cheap and 24/7.

Mexico | Monthly Report on Banking and the Financial System. January 2023

17 January 2023

In November 2022, the nominal balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew at an annual rate of 12.8% (4.7% real), while traditional bank deposits (sight + term) exhibited a nominal variation of 7.5%YoY (-0.3% real).

Banco de la República raised its monetary policy rate to 10.0%. With a 6 to 1 split vote

29 September 2022

At its September meeting, Banco de la República increased the monetary policy rate by 100 basis points, bringing it to 10.0%, in line with BBVA Research's expectations. The decision was split, with one vote in favor of a 50 bp increase.

Mexico | The financial system shows resilience in the face of the current risk scenario

21 June 2022

In addition to the remaining effects of the pandemic, challenges associated with the geopolitical conflict between Russia and Ukraine, global inflationary pressures and the tightening of financial conditions worsen the current risk scenario.

Mexico | Cryptocurrencies: ¿will bitcoin be money?

23 September 2021

This month El Salvador recognized bitcoin as legal tender. ¿Could bitcoin be a currency in which everyday transactions such as going to the supermarket, paying rent, or making investments are carried out?

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

15 December 2020

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.

Colombia | The financial system as a public policy instrument in the pandemic

5 August 2020

The economic situation that the world is facing is different from what we have experienced in the last 70 years. In this crisis, the Colombian financial system entered with strong capital and liquidity positions, which has allowed it to absorb the shock and serve as an instrument for the implementation of public policies.

Mexico | The financial system has strengths to face the slowdown

27 September 2019

The system is in a good position to withstand the current economic situation, although there are risks that need to be monitored.

Central bank digital currencies: An assessment of their adoption in Latin America

5 April 2018

This document focuses on identifying factors affecting the implementation of a Central Bank digital currency (CBDC) in Latin American countries. The adoption of a CBDC (non-universal) for the interbank and wholesale payment system would lead to a relatively minor level of disruption in the economy. In this case, the implementation costs is an important issue.

The Mexican financial system has the capacity to face adverse events: Banxico

29 November 2017

Banxico published its update of the Financial System Report 2017. The main risks identified for the country's financial stability are: i) an increase in inflation; ii) low economic growth; iii) lower oil revenues; and iv) the possibility of a sudden reversal of capital flows

Extending access to the formal financial system: the banking correspondent business model

27 April 2015

New ways of understanding banking, technological improvements, and regulation yield new means of interaction between customers and banks through outsourcing agreements. This paper provides the first harmonised database with information on the number of banking correspondents by country, which helps in measuring access to the formal financial system.

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