Digital Currencies

COURSE DESCRIPTION

While the potential of CBDCs is promising, there are tradeoffs in introducing a central bank digital currency. To help central banks think about the opportunities and risks presented by sovereign digital currencies, Professors Munro and Ong at the Asia School of Business have developed the course Demystifying the Fast-Changing World of Digital Currencies, covering the topics of both CBDCs and
private alternatives.

If you are a non-specialist, who wants to be able to make sense of, and be current on, the fast-evolving world of digital currency, this course is for you. Demystifying the Fast-Changing World of Digital Currencies aims to equip participants with a keener sense of the potential of the new technologies, and help them understand the pros and cons, as well as the complexities of digital currencies. Rather than advocating for or against digital currencies, this discussionbased course aims to help participants take a holistic approach.

Download Course Guide

CORE TOPICS

Understand the functions of money and how money moves
The forces shaping digital currencies and an overview of the existing digital payments landscape and recent developments, to set context
The different services offered and risks posed
Reasons for implementing CBDCs and what types of experiments are currently underway in various central banks across the world
Design tradeoffs at the wholesale and retail level
Private alternatives to central bank digital currency

FACULTY BIOGRAPHY

Anella is part of our Master of Central Banking team. Before joining ASB, she worked at the Reserve Bank of New Zealand, the Bank for International Settlements (Hong Kong office) and the Asian Development Bank. Her research interests are asset pricing, monetary policy, international macroeconomics and macro-prudential policy. She has a BSc in Electrical Engineering from MIT and a Ph.D. in Economics from the University of Oxford.