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Digital Economy

Digital Economy latest publications

November 5, 2019

Central Bank Digital Currencies and Distributed Ledger Technology

The debate on Central Bank Digital Currencies (CBDCs) was triggered by the emergence of cryptocurrencies like Bitcoin on the one hand, which may compete with traditional central bank money, and the trend towards the disappearance of cash in some countries on the other hand.

October 14, 2019

Financial Health: Prevention Is Better than Cure

Financial Education Day was celebrated in Spain on Monday, October 7. We have also recently started to notice the effects of the beginning of autumn on health.

October 1, 2019

Understanding the economics of information sharing

Conditional to context, information-sharing within markets can be welfare improver or welfare reducer, while can also show pro-competitive or anti-competitive features. Overall, expected effects in efficiency and competition will depend on the nature of competition and the type of uncertainty

September 19, 2019

Use of technology in the daily life of the Colombian economy

There are 29m Internet users in Colombia, however the use of digital banking is still low but growing. There are access gaps between rural and urban and income levels. In businesses, there is a significant gap in the use of ICTs by the size of the business, smaller business argue they don’t find a benefit in them.

August 30, 2019

Disentangling Vulnerability through Consumer Behavior: The Role of Financial Health

This paper analyzes the effect of financial participation on consumer's financial vulnerability, which is pervasive in the developing world. The financial behavior of consumers (i.e. financial health) has a greater positive effect on financial vulnerability than the narrower concept of financial inclusion.

July 30, 2019

Employment vulnerability to the digital revolution: some stylized facts on five countries

We analyze the likelihood of job automation in a sample of emerging economies: Argentina, Colombia, Mexico, Peru and Turkey. The average risk of automation ranges between 54% and 64. The countries show similar patterns in different aspects, such as distinctions by gender, age and education levels.

July 15, 2019

Libra, a digital currency that is still surrounded by questions

The announcement of the launch of Libra, the digital currency that Facebook plans to implement, has sparked interest, concern and, above all, great uncertainty about its viability as a business and its financial and social impact.

July 9, 2019

Is there room for reform in competition law?

Competition law is under scrutiny and policy makers are leading a lively social debate over the challenges raised by digital markets. Revisions to law and enforcement will likely focus on three goals: reducing risks of under-enforcement; reassessing the notion of harm; and targeting digital markets.