Digital currencies are transforming our monetary system. Since the first cryptocurrency, Bitcoin, introduced in 2009, many new developments have challenged the use of traditional payment instruments and financial contracts. Current examples include Diem (former Libra), an initiative led by Facebook to challenge national and international payment arrangements, the USD Coin, the official coin of the crypto exchange Coinbase, and other private sector initiatives that are attracting ever more investment and rattle traditional financial regulation. These developments have not bypassed the attention of regulators, as more and more central banks are actively engaging with research and testing of central bank digital currencies (CBDCs) to ensure the availability of central bank money to citizens in the digital age.
The Academy gives a thorough introduction into the topic of digital currencies. It first exposes participants to some of their technological foundations and then discusses the economic significance of their design and impact. Participants will also be exposed to current policy and regulatory challenges through case studies, mediated group discussions and expert panels. Among the topics covered are private sector digital currencies (incl. the so-called stablecoins), CBDCs, optimal digital currency areas, and private efforts to facilitate international payments.
The course will be in a blended format:
Ahead of the meeting in Florence (4-25 April): introductory online classes
2 hours of video lectures
1 hour of live discussion, in real-time
Group work on a case study
Sessions in Florence (26-28 April): face-to-face meeting
Lectures and group activities
After the sessions in Florence (3 May): concluding meeting online
Early bird: € 2025(Standard fee: €2250): Private Sector
Early bird: € 1755(Standard fee: € 1950): Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions
€ 1150(no early bird, Standard fee only): Full-Time Professors, PhD Students, Research Associates
Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to email@example.com before registering. FBF secretariat will provide you with a code to register.
* Seats for academics are limited
* Limited seats per institution
Please note that the payment must be settled two weeks before the start of the course.
The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities. It does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).
A certificate of attendance will be provided to all participants after the course.
In case you can no longer attend the course, you are required to inform the organisers by sending an email to firstname.lastname@example.org in order to free a seat for participants in the waiting list.
In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.