Digital Economy latest publications
Scarcity raises the price of a good. This economic law has been drummed into us as a result of the numerous booms and slumps that have molded our societies over the centuries.
The actual socioeconomic context has reinforced and accelerated a number of global trends, in particular sustainability and digitalization, two of the most disruptive. The empirical study conducted by BBVA Research suggests that an inverted U-shaped relationship exists between digitalization and CO2 emissions.
With the aim of advancing the regulation and orderly development of the use of cryptoassets, President Biden has asked various federal agencies to study those markets in order to ensure comprehensive and coordinated action.
NFTs, ETFs, AI, VR, Web3, CBDCs, BEPS, NGEU... 2022 brings an alphabet soup for a slew of digital aims and strategies that come full of promise. Whether they take off or not will depend on moving forward steadily, with a focus on asking the right questions at each step.
In 2015, 54% of the population had basic or advanced digital skills in Spain, compared to 57% in the EMU. Four years later, the figure reached 57%, one percentage point less than in the wider EMU. From 2019 to 2020, the figure in Spain rose to 60%—still far behind the 80% target set by the 2025 Digital Agenda.
The trends that will determine consumption are: a more digital environment (consumer-banking-commerce), a heterogeneous income recovery, lower savings, more stable weekday spending, greater importance of regions and intermediate cities, and a gradual aging of the population.
The percentage of the population that has at least basic digital skills is lower in Spain than in the EMU as a whole and fell between 2015 and 2019. Although it rose in 2020 to 60% (65% of Internet users), it is far of the 80% target established in the 2025 Digital Agenda.
How would a digital euro work? What value would it bring when today I can already pay/charge for everything using my mobile, apps and favorite sites? Would it entail risks? So far these simple questions have not met straightforward answers, but they have sparked an extensive economic, political and technological debate.