Considerations For Central Bank Digital Currencies (CCBDC)

Source details

The course provides an in-depth overview of Central Bank Digital Currency (CBDC).
It is designed to be interactive, using a combination of lectures, case study simulations, and group discussions.
Lectures cover:
- Positioning CBDC with existing payment systems.
- Project management for CBDC research and development (R&D).
- Cybersecurity risks.
- Macro-financial implications including monetary policy transmission, monetary operations, and financial stability.
- Factors influencing CBDC adoption.
- Data use/privacy protection.
- Cross-border arrangements for CBDC.
The course draws from insights from the IMF's CBDC virtual Handbook chapters, an online resource for policymakers and experts in central banks and ministries of finance.
The Handbook serves as the foundation for the IMF's engagements with country authorities and stakeholders and aims to collect and share knowledge, lessons, empirical findings, and frameworks to address policymakers' most frequently asked questions on CBDC.

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

Upon completion of the course, participants should be able to:
- Understand the fundamental concepts and mechanics of CBDC operations from an economic perspective.
- Understand cybersecurity risks, macro-financial implications, adoption factors, data use/privacy protection, and cross-border arrangements for CBDC use.
- Gain insights into global CBDC developments and how CBDC compares with other money and payment innovations.
- Learn about project management and R&D best practices for CBDC initiatives and emphasize dynamic decision-making frameworks.