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. In this course, we will assess the business case for CBDC adoption from the perspective of users and central banks. After some motivations and introductory remarks on digitalization, the course will discuss the different forms of CBDCs, and present considerations for CBDC design and a conceptual framework. The course will present the benefits, costs and risks related to CBDCs. In addition, CBDCs will be studied in terms of their implications for financial stability and bank intermediation, the monetary policy transmission, financial integrity, and financial inclusion. Some time will be devoted to regulatory considerations, both at the national and international level. Case studies will 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. In a longer (face to face) version of the course, participants would be expected to prepare final presentations on a set of predetermined issues.
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 | Session No. | Primary & (Interpretation) language | Apply |
---|---|---|---|---|---|
April 17, 2023 | April 21, 2023 | Ebene, Mauritius | AT 23.19 | English (French) | Apply online by March 10, 2023 |
July 24, 2023 | July 28, 2023 | Vienna, Austria | JV 23.20 | English | Apply online by April 23, 2023 |
Virtual : Fintech Market Development and Policy Implications (FINTECH)
English (French, Portuguese), February 27, 2023 - March 3, 2023, Ebene, Mauritius
Apply online by February 1, 2023
Implementing AML/CFT Standards ¿ Enhancing Beneficial Ownership Transparency Frameworks (AMLS)
English, July 3-7, 2023, Singapore, Singapore
Apply online by February 3, 2023
Virtual : Building Institutions to Fight Corruption In Africa
English (French), March 13-20, 2023, Ebene, Mauritius
Apply online by February 3, 2023
VITARA - Compliance Risk Management (VITARA - CRM)
English, February 7-28, 2023, Course conducted online
Apply online by February 6, 2023