Central Bank Digital Currencies (CBDC)

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Central Bank Digital Currencies (CBDC)

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Bibliographic details

• Session: SA 22.48
• Location: New Delhi, India
• Dates: December 5-9, 2022 (1 week)
• Delivery method: In-person Training
• Primary language: English
• Status: Deadline passed

Training program overview

• Session No.: SA 22.48
• Location: New Delhi, India
• Date: December 5-9, 2022 (1 week)
• Delivery Method: In-person Training
• Primary Language: English
• Status: Deadline passed

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 and topics

• The course is designed to give participants a foundation in central bank digital currencies (CBDC).
• It will assess the business case for CBDC adoption from the perspective of users and central banks.
• After motivations and introductory remarks on digitalization, the course will:
  • Discuss the different forms of CBDCs.
  • Present considerations for CBDC design and a conceptual framework.
  • Present the benefits, costs and risks related to CBDCs.
• The course studies CBDCs in terms of their implications for:
  • Financial stability and bank intermediation.
  • The monetary policy transmission.
  • Financial integrity.
  • Financial inclusion.
• Sometime will be devoted to regulatory considerations, both at the national and international level.
• The course will include country case studies and country pilots to:
  • Identify threats to financial stability and various risks.
  • Extract lessons to try to prevent design pitfalls.

Course objectives — learning outcomes

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.

References

• In-person Training
• Financial Development and Financial Inclusion (FDFI)