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Central Bank Digital Currencies: Principles and Policy Considerations (CBDC)

Financial Sector Policies

This course, presented by the Institute for Capacity Development, is designed to give participants a foundation in central bank digital currencies. This course assesses the business case for CBDC adoption from the perspective of users and central banks. Following some motivations and introductory remarks on digitalization, the course discusses the different forms of CBDCs and presents considerations for CBDC design and a conceptual framework. The course presents the benefits, costs and risks related to CBDCs. In addition, CBDCs are studied in terms of their implications for financial stability and bank intermediation, the monetary policy transmission, and financial inclusion. Some time is devoted to regulatory considerations, both at the national and international level. Case studies 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 yet. 

Read More Topic : Financial Sector Policies

    Target Audience

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

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    Qualifications

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

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    Course Objectives

    Upon completion of this 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.
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    Upcoming Offering

    Start date End date Location Delivery Method Session No. Primary & (Interpretation) language Apply
    February 3, 2025 February 7, 2025 New Delhi, India In-person Training SA 25.03 English Deadline passed
    March 17, 2025 March 21, 2025 Singapore, Singapore In-person Training ST 25.04 English Deadline passed
    July 21, 2025 July 25, 2025 Vienna, Austria In-person Training JV 25.21 English Apply online by April 13, 2025
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    Nowcasting (NWC)

    English | February 17-28, 2025 | In-person Training | New Delhi, India

    Apply online by January 10, 2025

    Liquidity Forecasting and Estimation of Demand for Reserves

    English | February 10-14, 2025 | In-person Training | New Delhi, India

    Apply online by January 10, 2025

    Effective Leadership for Revenue Administration

    English | February 17-21, 2025 | In-person Training | New Delhi, India

    Apply online by January 10, 2025

    Macroeconomic Diagnostics (MDS)

    English | April 14-25, 2025 | In-person Training | Vienna, Austria

    Apply online by January 12, 2025

    Informality: Policy Objectives, Options, and Constraints (POOC)

    English | April 21-25, 2025 | In-person Training | Vienna, Austria

    Apply online by January 12, 2025