Objective

In recent years, Central Bank Digital Currencies (CBDCs) have been at the forefront of discussions regarding the future of payment systems. The Eurosystem is currently preparing for the launch of a digital euro. 

As a novel form of public money, a retail CBDC could not only spur innovation in the payment sector but also serve as a stable foundation in the digital era. It may also enhance competition within the payment landscape. In collaboration with its Eurosystem partners, the Bundesbank is exploring optimal designs for the digital euro to satisfy the growing demand for digital currency.

This course will not only familiarise participants with the design features of the forthcoming digital euro but also delve into the rationale, utilisation, benefits, and potential risks associated with CBDCs.Additionally, the course will cover developments in wholesale CBDC and examine stablecoins.

Contents

• Developments in Retail CBDC
• The perspective of banking supervision and financial stability
• Monetary policy implications of CBDC
• The Future of financial infrastructure (wholesale CBDC)
• Stablecoins and cryptos

Target group

This course is designed for economists and policymakers in central banks who are keen to expand their understanding of digital central bank currencies and the associated central bank activities. Participants should have a robust understanding of CBDC-related issues or related topics in payment systems, monetary policy, financial stability, or banking supervision. 

A distinctive aspect of this course is the opportunity to gain insights from global CBDC initiatives. Attendees will be expected to engage actively with contributions such as presentations or participation in roundtable discussions.

Please note

A nomination is required in order to participate in our in-person courses.