Training Program

Mid-level to senior officials in central banks and other government agencies dealing with regulation of the financial sector.

Participants are expected to have an advanced degree in economics or finance or equivalent work experience.

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.