Central Bank Digital Currencies

Technology, Opportunities and Consequences

Agenda Program Online
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Available exclusively as online training
Price of online training
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The main objectives of the seminar are the following:

Giving the full overview on CBDC topic and good understanding of their possible roles, benefits and risks.
Introduction on different technological approaches, possible business models, as well as their benefits and faults.
Mapping of current state of development and precursors of CDBC.
Exploring the role of CBDC influence on the monetary policy and financial stability in different parts of the world.
This 1-day seminar offers comprehensive introduction and taxonomy for categorising central bank digital currencies, their designs and options. It evaluates these options based on their allocative efficiency and attractiveness for different stakeholders. Although CBDC types and technologies vary depending on the objectives, one thing they have in common- the need to evolve new type of central bank money is real and quite urgent. Covid-19 even more speeds up digitalisation of payments and adds new motivations for CBDC as the latest survey says on the topic from Bank for International Settlements: Ready, steady, go? – Results of the third BIS survey on central bank digital currency. CBDCs are complex topic with many different facets. We will dive into potential role of CBDCs in the modern world, possible benefit, main risks and also definitional problems, technological challenges, history and real-life examples.

Some questions we would like to clearly answer are: What is the role of CBDC in relation to monetary policy and financial stability? How could the financial ecosystem change with the introduction of CBDC? What are the potential opportunities and threats of introducing CBDC? How it should be done technically and what are the challenges. Which business models of CBDC are possible and where benefits and faults of such models lay? How CBDCs should operate with existing payment rails and what are the challenges in regulation of CBDC? Where are the limits of today’s digital cash substitutes?

Who should attend?
This seminar provides a platform for retail bankers, central bank representatives, Fintech experts, technological solution providers, specialists, researchers and other stakeholders to update their knowledge and experience on the potential of CBDC and its place in the financial ecosystem.

The seminar will be divided into the blocks where we will explain each topic from the basics to the full extent through the presentation, interactive questionnaire and real life examples.

Program of the seminar: Central Bank Digital Currencies

The seminar timetable follows Central European Time (CET).

09.00 - 09.05 Welcome

09.05 - 10.30 Introduction to the CBDC

  • Why CBDCs can make perfect sense in the modern world (CDBC as a reaction to the boom of electronic means of payment and growing popularity of private currencies)
  • Basic possible benefits (better financial inclusion, greater financial stability, CBDCs as a tool of accelerated transfer of monetary policy to households, central banks lower costs, quick supply of primary liquidity)
  • What could go wrong - Main risks (weakening position of commercial banks, reaching the opposite of planned changes, problem of CBDCs in the economies with closed money circulation, disadvantages of particular approaches from the central banks point of view, impossible interest running in the case of wrong choice of approach, risk of liquidity outflow from commercial banks)
  • Definitional problems

10.45 - 12.15 Different approaches

  • How to do it from the technological point of view (blockchain and tokens vs. accounts and states and other solutions)
  • Pros and cons of main solutions
  • Possible roles of CBDCs (cash replacement or more likely interbank payments and SDRs)
  • Role of commercial banks
  • Distribution - single-stage and two-stage model
  • Scaling and its challenges

12.15 - 13.15 Lunch Break

13.15 - 14.45 History and real-life examples

  • Morals from the failings of history
  • What can be learned from present pilot projects
  • How should CBDCs operate with existing payment rails

15.00 - 16.30 How can CBDCs influence the monetary policy and financial stability?

  • CBDCs as a tool for transfer of monetary policy to households
  • Possible different roles of CBDCs in developing and fully developed economies
  • Private and public money relation (CDBCs vs. cryptoassets and stablecoins)

Termination of the seminar

Training catalogue in PDF
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