Central Bank Operations in a world of Digital Money
INTRODUCTION
This course would typically be to provide participants with a comprehensive understanding of how digital currencies, particularly Central Bank Digital Currencies (CBDCs), are reshaping the landscape of central banking and monetary policy.
Here are the key aims such a course might have:
Understanding Digital Currencies: To educate participants about the concept of digital currencies, including CBDCs, and their differences from traditional forms of money such as cash and bank deposits.
Impact on Monetary Policy: To explore how digital currencies influence the implementation of monetary policy by central banks. This includes discussions on interest rate management, money supply control, and economic stabilization tools in a digital context.
Financial Stability Considerations: To analyze the implications of digital currencies for financial stability, including their potential impact on banking systems, payment infrastructures, and the overall resilience of the financial sector.