How Should Central Banks Explore CBDC

How Should Central Banks Explore CBDC

6 November 2023

Central banks should ensure that they have the capacity to continue to meet their policy objectives in the digital age. It is in this context that central bank digital currency (CBDC) should be evaluated. If designed appropriately, CBDCs could allow central banks to modernize payment systems and future-proof central bank money as the pace and shape of digitalization continues to evolve. This Seminar proposes a dynamic decision-making framework under which the central bank can make decisions under uncertainty. A phased and iterative approach could allow central banks to adjust the pace, scale, and scope of their CBDC projects as the domestic and international environment changes.

About the Speaker
Dr. Dong He is Deputy Director of the Monetary and Capital Markets Department (MCM) of the International Monetary Fund. As a member of the MCM’s senior management team, he is responsible for providing leadership for MCM’s work on central banking, fintech, and global financial stability analysis. Prior to joining the IMF in October 2014, Dr. He was Executive Director at the Hong Kong Monetary Authority, responsible for managing the Research Department and for directing research and policy advice on issues relating to the maintenance of monetary and financial stability and the development of financial markets.

Panel Discussion
Dr. Dong He, Deputy Director, Monetary and Capital Markets Department, International Monetary Fund
Professor Douglas W. Arner, Kerry Holdings Professor in Law and RGC Senior Research Fellow in Digital Finance and Sustainable Development, The University of Hong Kong

Moderator
Professor Heiwai Tang, Victor and William Fung Professor in Economics and Director, Asia Global Institute, The University of Hong Kong

This event is co-hosted by
Asia Global Institute
Asian Institute of International Financial Law – East Asian
       International Economic Law and Policy (EAIEL) Programme
HKU-SCF FinTech Academy

Enquiries: Flora Leung at aiiflhku@hku.hk