About This Event
“When money goes digital, make sure your policy rate still reaches it.”
A five-day virtual programme on what fintech, mobile money, stablecoins and central bank digital currencies mean for the conduct of monetary policy. You will examine how digital money changes the demand for cash, bank deposits and the transmission mechanism, and what your framework, operations and data need to adapt.
What You'll Explore
A policy note on how digital money affects your own monetary framework
A comparative view of CBDC design options and their balance-sheet effects
A monitoring checklist for mobile money, stablecoin and crypto-asset risks
A transmission map showing where fintech strengthens or weakens policy
Suggested data requests to capture digital money in your monetary statistics
Who Should Attend
Open to all qualifying staff, particularly: Monetary Policy Analysts, Research Economists, Fintech & Innovation Unit Staff, Payments Policy Officers, Financial Stability Analysts.
Why This Course Matters
Mobile Money Realities
Across Africa, mobile money already shapes how households save, pay and borrow. Understanding its footprint on money demand and velocity is what keeps your monetary aggregates and forecasts reliable.
CBDC Design Choices
Remuneration, holding limits and access rules for a CBDC decide whether it strengthens or weakens transmission. Getting those choices right early avoids draining bank deposits in a stress episode.
Stablecoin Spillovers
Dollar-backed stablecoins can bring currency substitution in through a phone app rather than a bank. Spotting that early gives you time to respond before it erodes your policy traction.
Programme
Day 1
The fintech landscape & the changing demand for money
You will map the fintech ecosystem in African economies, from mobile money and digital lending to crypto-assets, and assess how each shifts money demand, velocity and the reliability of your aggregates.
Day 2
Transmission channels in a digital financial system
You will trace how digital payments and non-bank lenders alter the interest-rate, credit and exchange-rate channels, and identify where your policy rate may be losing or gaining traction.
Day 3
CBDC design & its monetary policy implications
You will compare retail and wholesale CBDC designs, testing how remuneration, holding limits and tiering affect bank deposits, liquidity management and the central bank balance sheet.
Day 4
Stablecoins, crypto-assets & currency substitution
You will assess how stablecoins and crypto-assets create new routes for currency substitution and capital flows, and review the regulatory and monitoring responses emerging from global standard setters.
Day 5
Adapting frameworks, data & operations: policy lab
You will draft a policy note setting out how your framework, operations and data collection should adapt to digital money, and present it for peer challenge in a closing policy lab.
Standards & Faculty Benchmark
IMF-World Bank Bali Fintech Agenda
Twelve policy elements for harnessing fintech while managing its risks to monetary and financial stability.
BIS Innovation Hub CBDC research
Central bank work on CBDC design, cross-border payments and implications for monetary operations.
FSB crypto-asset & stablecoin recommendations
The FSB's 2023 high-level recommendations for regulating crypto-asset activities and global stablecoins.
The Bali Fintech Agenda, BIS CBDC work and FSB recommendations are what your Governor's peers and IMF counterparts cite when fintech comes up. Framing your analysis in the same terms means your proposals can join regional and global discussions on an equal footing.
Is This Right for You?
- ☑You advise on monetary policy, payments or fintech regulation
- ☑Your institution is studying or piloting a CBDC
- ☑You need to brief leadership on digital money without the hype
Good to Know
No background in blockchain or payments engineering is needed; the focus is on policy consequences, not code. Delivered live online across five days. You leave with a policy note on how digital money affects your own framework and a monitoring checklist for fintech risks.
The Bottom Line
Return with a clear, evidence-based view of how digital money changes your policy toolkit, and what to do about it first.
Recommended For
Open to all qualifying staff, particularly: Monetary Policy Analysts, Research Economists, Fintech & Innovation Unit Staff, Payments Policy Officers, Financial Stability Analysts.