OnDemand Video Module

Introduction

The prospect of CBDCs is being met with everything from intense skepticism to wild enthusiasm. The reality is that these digital currencies, backed by the governments that issue them, have the potential to eliminate as well as introduce risk into the payment systems that support a country’s economy – and to redefine how we think about money. In this session, we explore domestic retail CBDCs to understand what it really means to have digital fiat in circulation.

Topics Covered

The prospect of CBDCs is being met with everything from intense skepticism to wild enthusiasm. The reality is that these digital currencies, backed by the governments that issue them, have the potential to eliminate as well as introduce risk into the payment systems that support a country’s economy – and to redefine how we think about money. In this session, we explore domestic retail CBDCs to understand what it really means to have digital fiat in circulation.

Learning Objectives

Topics covered include fiat currency, beginning with a look at the definition of money. We then explore the key attributes of retail CBDCs and how central banks are shaping CBDCs through technology adoption and regulation. We conclude with a discussion on the key developments likely to emerge in 2022 at this dynamic intersection of payments and economics.