Training Program Course
Thinking through Central Bank Digital Currency (TCBDC)
This course focuses on the decision-making framework and project management processes for CBDC. The course is designed to be interactive by using a combination of lectures, case studies/simulations, group or individual presentations, and panel discussions. Lectures focus on the CBDC decision-making process that should be viewed as dynamic and iterative with multiple feedback loops to gradually evaluate the relevance of CBDC. The self-assessment exercises are based on systematic procedures and cover use cases, pain points, requirements, solution, feasibility, proof of concepts, and pilots. Participants, after gaining a basic understanding of the decision-making process, apply them to a hypothetical country case study to understand thoroughly the problem to be solved and the full array of solutions. After the hands-on self-assessment experience, results are discussed through group presentations and de-briefings.
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.
Course Objectives
Upon completion of this course, participants should be able to:
- Understand global developments and trends of both wholesale and retail CBDC.
- Evaluate the benefits, costs, risks, and requirements.
- Understand CBDC's macro-financial implications, such as for monetary policy and financial stability.
- Formulate a framework for guiding CBDC design and experimentation.
- Explore the regulatory and legal changes/framework on CBDC.