Training Catalog Session Details

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

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

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 some motivations and introductory remarks on digitalization, the course will discuss the different forms of CBDCs, and present considerations for CBDC design and a conceptual framework. The course will present the benefits, costs and risks related to CBDCs. In addition, CBDCs will be studied in terms of their implications for financial stability and bank intermediation, the monetary policy transmission, financial integrity, and financial inclusion. Sometime will be devoted to regulatory considerations, both at the national and international level.