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This Technical Assistance Report on Peru focuses on Central Bank Digital Currency (CBDC) Stakeholder Engagement … establish the central bank's role in leading a "baseline product" with market participants. The final set of recommendations … urges the central bank to view the CBDC as a national product and leverage existing elements and participants at the …
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This paper examines how the growing presence of FinTech firms affects the performance of traditional financial institutions. The findings point to a negative impact on profitability, primarily due to a reduction in interest income and a rise in operational costs. Although established financial...
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