When: Thursday, December 3, 2020 - Friday, December 4, 2020, 11:00 AM - 9:00 AMWhere: Online event
The Legal Department of the IMF, the Centre for Commercial Law Studies of Queen Mary University of London, Rebuilding Macroeconomics, and the Economic and Social Research Council will present the conclusions of their respective Working Papers: “Legal Aspects of Central Bank Digital Currency: Central Bank and Monetary Law Considerations” and “Central Bank Money: Liability, Asset, or Equity of the Nation?”*. The IMF Working Paper is the first publication that focuses on the central bank and monetary law aspects of CBDC. It concludes that most central bank laws will require amendments to authorize the issuance of CBDC and questions whether CBDC can be legally labeled as currency. The Working Paper on Central Bank Money challenges the conventional accounting and economic treatment of central bank money and concludes that it is not a liability of the central bank.
Central banks, academics, and graduate students. Although everyone who works at a central bank is welcome, the seminar is especially suited for lawyers and legal counsels. Please do not share the invitation outside the staff of your central bank.
The webinar will take place on two different days in order to make it possible for central banks of different times zones to attend.
This is a closed event.
