A compact overview of CBDCs. Topics covered include motivation and classification within the monetary system, retail vs. wholesale, key design and architecture options (e.g., account/token-based; direct/intermediated/hybrid), as well as opportunities, risks, and the current status of international initiatives.
The Courselet classifies CBDCs according to the roles and objectives of central banks and analyzes how specific design decisions (e.g., retail/wholesale, token/account) determine their impact on the real economy.