Central Bank Digital Currencies: Principles and Policy Considerations (CBDC)
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Bibliographic details
- Session: CT 24.04
- Location: Shenzhen, China
- Dates: February 19-23, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
Invitation and Logistics
- Event: Central Bank Digital Currencies: Principles and Policy Considerations (CBDC) training program presented by the Institute for Capacity Development.
- Session No.: CT 24.04
- Location: Shenzhen, China
- Date: February 19-23, 2024 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
Target Audience and Qualifications
- 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 Description — scope, themes, and analytical framing
- Purpose:
- Designed to give participants a foundation in central bank digital currencies.
- Analytical scope and content:
- Assesses the business case for CBDC adoption from the perspective of users and central banks.
- Presents motivations and introductory remarks on digitalization.
- Discusses the different forms of CBDCs and presents considerations for CBDC design and a conceptual framework.
- Presents the benefits, costs and risks related to CBDCs.
- Studies implications of CBDCs for financial stability and bank intermediation, the monetary policy transmission, financial integrity, and financial inclusion.
- Devotes time to regulatory considerations at both the national and international level.
- Uses case studies to reflect on and discuss country experiences, and to test understanding of successful strategies and reasons some countries have chosen not to proceed with implementation.
Course Objectives — competencies participants should attain
- Upon completion of the 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.
Additional institutional note
- The International Monetary Fund (IMF) offers online training to government officials and the public.
References