Cryptocurrencies and their effects on the financial international system stability: Notes from Central America
| Autores principales: | , |
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| Formato: | Online |
| Idioma: | spa eng |
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Universidad Nacional, Costa Rica
2022
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| Acceso en línea: | https://www.revistas.una.ac.cr/index.php/ri/article/view/16843 |
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RI16843 |
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| record_format |
ojs |
| institution |
Universidad Nacional de Costa Rica |
| collection |
Revista Relaciones Internacionales |
| language |
spa eng |
| format |
Online |
| author |
Salas-Ocampo, Luis Diego Alfaro-Salas, Marly |
| spellingShingle |
Salas-Ocampo, Luis Diego Alfaro-Salas, Marly Cryptocurrencies and their effects on the financial international system stability: Notes from Central America |
| author_facet |
Salas-Ocampo, Luis Diego Alfaro-Salas, Marly |
| author_sort |
Salas-Ocampo, Luis Diego |
| title |
Cryptocurrencies and their effects on the financial international system stability: Notes from Central America |
| title_short |
Cryptocurrencies and their effects on the financial international system stability: Notes from Central America |
| title_full |
Cryptocurrencies and their effects on the financial international system stability: Notes from Central America |
| title_fullStr |
Cryptocurrencies and their effects on the financial international system stability: Notes from Central America |
| title_full_unstemmed |
Cryptocurrencies and their effects on the financial international system stability: Notes from Central America |
| title_sort |
cryptocurrencies and their effects on the financial international system stability: notes from central america |
| title_alt |
Criptomonedas y su efecto en la estabilidad del sistema financiero internacional: Apuntes para Centroamérica |
| publisher |
Universidad Nacional, Costa Rica |
| publishDate |
2022 |
| url |
https://www.revistas.una.ac.cr/index.php/ri/article/view/16843 |
| work_keys_str_mv |
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| _version_ |
1805401662858199040 |
| spelling |
RI168432022-06-28T21:10:21Z Cryptocurrencies and their effects on the financial international system stability: Notes from Central America Criptomonedas y su efecto en la estabilidad del sistema financiero internacional: Apuntes para Centroamérica Salas-Ocampo, Luis Diego Alfaro-Salas, Marly Banco central cadena de bloques Centroamérica criptomoneda divisas finanzas Blockchain central bank Central America cryptocurrency currencies finance This research seeks to establish some of the implications for the stability of the international financial system of capital movements that occur in the context of the use of cryptocurrencies as legal tender and as an investment asset, trying to observe some specific lines for the Central American case. It addresses global entities of the international financial system, central banks of several continents and Central America. I makes evident the discourse and practices from a qualitative perspective using the discourse analysis technique which is combined with descriptive statistical analysis on the number of cryptocurrency owners in countries. It concludes that there is a relationship between the 2008 financial crisis and a very strong movement of the technical and computer sectors in the line of generating a whole process of reconceptualization and repositioning as financial consumers in the international and national financial system. In addition, it visualizes three possible scenarios for resolving the tension between the private cryptocurrency instrumental sectors and international banking. On the other hand, it determines that in Central America there are no operational and technical conditions for the generation of Central Bank policies in relation to the incorporation of these in digital currencies. Este trabajo establece algunas implicaciones para la estabilidad del sistema financiero internacional de los movimientos de capital en el contexto de la utilización de criptomonedas como moneda de curso legal y como activo de inversión observando líneas puntuales para el caso centroamericano. Trabaja en primera instancia con entes globales del sistema financiero internacional, bancos centrales de varios continentes y de Centroamérica. Evidencia el discurso y las prácticas desde una perspectiva cualitativa utilizando la técnica de análisis de discurso que combina con análisis estadísticos descriptivos sobre la cantidad de dueños de criptomonedas en los países. Concluye que existe de una relación entre la crisis financiera de 2008 y un movimiento de los sectores técnicos e informáticos en la línea de generar un proceso de reconceptualización y reposicionamiento como consumidores financieros ante el sistema financiero internacional y nacional. Visualiza tres posibles escenarios de resolución de la tensión entre los sectores instrumentales de criptomonedas privadas y la banca internacional. Determina que en Centroamérica no existen las condiciones operativas y técnicas para la generación de políticas de Banco Central en relación con la incorporación de estos en las monedas digitales. Universidad Nacional, Costa Rica 2022-04-08 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion http://purl.org/coar/resource_type/c_650 http://purl.org/coar/resource_type/c_650 application/pdf text/html application/epub+zip audio/mpeg audio/mpeg application/xml https://www.revistas.una.ac.cr/index.php/ri/article/view/16843 10.15359/ri.95-1.2 Relaciones Internacionales; Vol. 95 No. 1 (2022): International Relations; 33-77 Relaciones Internacionales; Vol. 95 Núm. 1 (2022): Relaciones Internacionales; 33-77 2215-4582 1018-0583 spa eng https://www.revistas.una.ac.cr/index.php/ri/article/view/16843/25343 https://www.revistas.una.ac.cr/index.php/ri/article/view/16843/24637 https://www.revistas.una.ac.cr/index.php/ri/article/view/16843/24638 https://www.revistas.una.ac.cr/index.php/ri/article/view/16843/24640 https://www.revistas.una.ac.cr/index.php/ri/article/view/16843/24641 https://www.revistas.una.ac.cr/index.php/ri/article/view/16843/25790 Derechos de autor 2022 Luis Diego Salas-Ocampo, Marly Alfaro-Salas |