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Crypto Assets and CBDCs in Latin America and the Caribbean: Opportunities and Risks

Author/Editor: Maximiliano Appendino, Olga Bespalova, Rina Bhattacharya, Jean François Clevy, Nan Geng, Takuji Komatsuzaki, Justin Lesniak, Weicheng Lian, Sandra Marcelino, Mauricio Villafuerte, Yorbol Yakhshilikov.

Release Date:February, 2023

After providing a general overview of the nature, pros, and cons of crypto assets and CBDCs, this paper focuses on documenting their recent experience in LAC. The region records a high interest in more...



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Northern Triangle Undocumented Migration to the United States

Author/Editor: Alina Carare, Catherine Koh, Yorbol Yakhshilikov.

Release Date:January, 2023

Undocumented migration from the Northern Triangle countries (El Salvador, Guatemala and Honduras) to the United States has been steadily increasing over the past 30 years, accelerating at times. The more...



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Digital Money and Remittances Costs in Central America, Panama, and the Dominican Republic

Author/Editor: Alina Carare, Lavinia Franco, Metodij Hadzi-Vaskov, Justin Lesniak, Dmitry Vasilyev, Yorbol Yakhshilikov.

Release Date:December, 2022

This paper investigates factors that predict variation in digital and non-digital remittance fees over time and across countries, exploring differences between CAPDR and other regions. The paper more...



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Evolution of Remittances to CAPDR Countries and Mexico During the COVID-19 Pandemic

Author/Editor: Aleksandra Babii, Alina Carare, Dmitry Vasilyev, Yorbol Yakhshilikov.

Release Date:May, 2022

Traditional models relying on standard variables like the U.S. Hispanic unemployment rate fared well in explaining remittances to CAPDR and Mexico during the pre-pandemic period. However, they fail more...



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Fintech Potential for Remittance Transfers: A Central America Perspective

Author/Editor: Julia Bersch, Jean François Clevy, Naseem Muhammad, Esther Perez Ruiz, Yorbol Yakhshilikov.

Release Date:June, 2021

This paper analyzes the potential for fintech to facilitate cheaper and more efficient remittances, and to enhance financial inclusion in Central America. Digital remittances remain nascent in the more...



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Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

Author/Editor: Andrew Berg, Enrico Berkes, Catherine A. Pattillo, Andrea Presbitero, Yorbol Yakhshilikov.

Release Date:March, 2014

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based more...



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Inequalities and Growth in the Southern African Customs Union (SACU) Region

Author/Editor: Olivier Basdevant, Dalmacio Benicio, Yorbol Yakhshilikov.

Release Date:December, 2012

This paper applies the work of Berg and Ostry (2011) to the SACU region, to identify how inequalities have played a role in growth in each of these countries, and elaborates policy options to more...



Price: $18.00