Financial System latest publications
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 impleme…
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
Banking correspondents are non-financial commercial establishments that offer basic financial services under the name of a financial services provider, becoming access points to the formal financial system. This business model makes it sustainable for banks to focus on low-income clients with a cost-efficient access channel.
April 27, 2015
Extending access to the formal financial system: the banking correspondent business model
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 th…