info:eu-repo/semantics/bachelorThesis
Restrictions on the emission of a digital currency in a central reserve bank for minor transactions
Fecha
2022Registro en:
Callo, L., Figueroa, Y. y Espinoza, A. (2022). Restrictions on the emission of a digital currency in a central reserve bank for minor transactions. Tesis para optar el título profesional de Economista, Escuela Académico Profesional de Economía, Universidad Continental, Huancayo, Perú.
International Journal of Applied Economics, Finance and Accounting
Autor
Callo Solis, Lisbeth Amelia
Figueroa Zamudio, Yasmir Ivette
Espinoza Huamani, Aracely Pilar
Institución
Resumen
The objective of this study was to identify the challenges that the Central Reserve
Bank of Peru has faced with the issuance of a digital currency that can be used as
a substitute for cash in retail transactions. The study was carried out by using the
hypothetical-deductive method with a basic descriptive approach rather than an
experimental one. To estimate the probability of creating the Digital Currency of
the Central Bank and the economic variables that explain its challenges and cross-
sectional information obtained from the 2020 National Household Survey with
the discrete choice model (Logit). According to the research results, i) the
possibility of using a digital currency increases by 46.83% if you have a formal job
compared to an informal job. ii) If the individual has an internet connection, the
probability of using digital currency is 8.54%. iii) If he lives in a rural area, the
probability of using digital currency is 1.79. iv) The educational level influences
the probability of the use of digital currency by 1.47% if they have secondary
education 16.34% have no higher education and 26.44% having university
education. v) Individual’s age is important for the use of a digital currency. Older
people are less likely to adapt to technology than people between the age of 18 and
24 with 8.74% use of digital currency. vi) People considered poor will have a
probability of reduction of 2.26% by the use of digital currency. These findings
allow the researcher to conclude that public policies should be undertaken to
increase financial inclusion, close connectivity gaps and create alliances with
private investment to enhance people's digital skills and the adoption of digital
means of payment.