Central Bank Digital Currencies: Principles and Policy Considerations (CBDC)
This course, presented by the Institute for Capacity Development, is designed to give participants a foundation in central bank digital currencies. This course assesses the business case for CBDC adoption from the perspective of users and central banks. Following some motivations and introductory remarks on digitalization, the course discusses the different forms of CBDCs and presents considerations for CBDC design and a conceptual framework. The course presents the benefits, costs and risks related to CBDCs. In addition, CBDCs are studied in terms of their implications for financial stability and bank intermediation, the monetary policy transmission, and financial inclusion. Some time is devoted to regulatory considerations, both at the national and international level. Case studies allow participants to reflect on and discuss country experiences and test their understanding of how and why some strategies have been successful while some countries have chosen not to proceed with the implementation of CBDCs yet.
Target Audience
Mid-level to senior officials in central banks and other government agencies dealing with regulation of the financial sector.
Qualifications
Participants are expected to have an advanced degree in economics or finance or equivalent work experience.
Course Objectives
Upon completion of this course, participants should be able to:
- Explain the economic rationale for the use of CBDCs compared to other payment instruments.
- Use the framework presented in the course to think about the design and implementation of CBDCs.
- Use the concepts introduced in the course to assess the benefits and costs of CBDCs.
- Identify threats to financial stability and various risks based on country case studies.
- Extract lessons from country pilots to try to prevent design pitfalls.
Upcoming Offering
Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
---|---|---|---|---|---|---|
January 5, 2025 | January 9, 2025 | Kuwait City, Kuwait | In-person Training | CE 25.01 | English (Arabic) | Apply online by October 27, 2024 |
March 17, 2025 | March 21, 2025 | Singapore, Singapore | In-person Training | ST 25.04 | English | Apply online by October 18, 2024 |
July 21, 2025 | July 25, 2025 | Vienna, Austria | In-person Training | JV 25.21 | English | Apply online by April 13, 2025 |
Core Elements of Banking Supervision (CBS)
English (French, Portuguese) | January 20-24, 2025 | Blended Training | Ebene, Mauritius
Apply online by October 11, 2024
Selected Issues in the Evolving Financial Regulatory Framework (FRF)
English | March 10-14, 2025 | In-person Training | Singapore, Singapore
Apply online by October 11, 2024
Financial Programming and Policies (FPP)
English (Russian) | January 27, 2025 - February 7, 2025 | Blended Training | Vienna, Austria
Apply online by October 13, 2024
Nowcasting (NWC)
English | January 13-24, 2025 | In-person Training | Vienna, Austria
Apply online by October 14, 2024
Monetary and Financial Statistics - Advanced (MFS-A)
English (Russian) | January 13-24, 2025 | In-person Training | Vienna, Austria
Apply online by October 14, 2024