About Course
This program provides a comprehensive examination of the transformative impact of digital currencies on monetary systems and the regulatory frameworks designed to safeguard financial stability. Participants will explore the foundational economics of money and banking, tracing how digital technologies are reshaping traditional bank business models, financial intermediation, and the creation of liquidity and money . The curriculum offers an in-depth analysis of central bank digital currencies, covering their design choices, policy implications, and potential effects on the monetary system, alongside an exploration of decentralized finance, blockchain-based infrastructures, and stablecoins . Building on this foundation, the program examines the key risks facing financial institutions—credit, market, liquidity, solvency, operational, and systemic—and the prudential regulatory frameworks designed to enhance bank soundness and prevent crises . Participants will also analyze how regulatory bodies respond to financial innovation, including the challenges posed by fintech firms and non-bank entities . This program is essential for central bankers, financial regulators, and policymakers seeking to understand the intersection of digital innovation and financial system oversight.