With crypto assets, central banks in many countries are starting to create their own digital money. Will these CBDCs replace national currencies, and at what risk and/or benefit?
While many crypto-asset firms struggle to stay in business, central banks around the world consider whether to launch their own digital currencies. Could central bank digital currencies enhance “financial inclusion” for low-income people who otherwise face high fees, minimum balance requirements, and other barriers to access banking services or credit? Can digital money dramatically lower costs of payment systems and support small businesses? What about risks and costs? For example, how much electricity is needed to operate CBDCs and what other lessons can be drawn from the experience with crypto-assets? In this course we will explore recent developments in crypto-assets and CBDCs in the United States and globally.

What to expect: You will learn more about how “real” the crypto asset and digital currencies are likely to be in the future and the potential impact of unregulated failures.

Feedback from past courses Claudia has led: 

“Great introduction and discussion!  Claudia did an excellent job of providing information and facilitating the discussion. Looking forward to the session next semester.”

“I know Claudia said from the start that she is no expert on Crypto Currencies, but her research into the subject led to an amazing discussion among course participants with questions, but also with knowledge!”

“Claudia did an excellent job discussing the pros and big cons of crypto currencies.”