Virtual : Thinking through Central Bank Digital Currency (TCBDC)

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Virtual : Thinking through Central Bank Digital Currency (TCBDC)

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Bibliographic details

• Session: AT 24.18V
• Location: Ebene, Mauritius
• Dates: February 12-16, 2024 (1 week)
• Delivery method: Virtual Training
• Primary language: English
• Interpretation language: French Portuguese
• Status: Deadline passed

Program overview and logistics

• Session No.: AT 24.18 V
• Location: Ebene, Mauritius
• Date: February 12-16, 2024 (1 week)
• Delivery Method: Virtual Training
• Primary Language: English
• Interpretation Language: French Portuguese
• Deadline status: Deadline passed
• Presented by: Monetary and Capital Markets Department

Target audience and qualifications

• Target Audience:
  • Mid- to senior-level officials working in the payment, legal, technology, monetary policy, and financial stability departments at the central bank and in positions with similar responsibilities.
• Qualifications:
  • Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, technology, monetary policy, and financial stability.

Course description — scope, pedagogy, and analytical focus

• Scope:
  • Focuses on the high-level CBDC decision-making and project management process.
• Pedagogical design:
  • Interactive format using a combination of lectures, case studies/simulations, and panel discussions.
  • Hands-on self-assessment exercises followed by group presentations and de-briefings.
• Analytical focus:
  • Lectures emphasize that the CBDC decision-making process should be viewed as dynamic and iterative with multiple feedback loops to gradually evaluate the relevance of CBDC.
  • Self-assessment exercises follow systematic procedures and cover:
  • use cases,
  • pain points,
  • requirements,
  • solution,
  • feasibility,
  • proof of concepts,
  • pilots.
  • Participants apply the decision-making framework to a hypothetical country to understand the problem to be solved and the full array of solutions.

Course objectives (learning outcomes)

Upon completion of the course, participants should be able to:

• Evaluate CBDC pros (benefits), cons (costs), and conditions.
• Formulate a framework for guiding CBDC design and feasibility.
• Explore the regulatory and legal changes/framework on CBDC.

References

• Virtual Training
• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)