Quantifying the Impact of CBDCs
11th January 2022
Dr Kimmo Soramäki and Dr Carlos León joined host Will Towning to explain how central banks, commercial banks and other organisations can use simulation technology to understand the impacts of introducing a CBDC? The presentations covered:
- A brief introduction to simulating payment systems
- The advantages of using an agent-based model for modelling complex adaptive systems
- FNA’s model for simulating CBDCs [link to research paper]
- How FNA’s simulator works and how it can help organisations understand the impacts of introducing a CBDC
The presentations also include a brief demonstration of the CBDC Simulator.
Watch the Recording
Session #1 Guests
 | Dr Kimmo Soramäki Founder & CEO, FNA Kimmo has been working with Central Banks for over 25 years. This work led him to found FNA in 2013 to solve important issues around financial risk and for exploring the complex financial networks that play a continually larger role in the world around us.
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 | Dr Carlos León Director of Advanced Analytics and Simulations, FNA Carlos is responsible for FNA’s CBDC simulation solutions. He also provides expertise on banking liquidity stress testing. Carlos has previously worked for Banco de la República as a Senior Researcher and as a short-term expert for the International Monetary Fund.
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Missed our previous sessions? Watch the series on-demand
 | 23rd February 2023 Project mBridge: Real-Value Transactions through a Cross-border CBDC Platform With: Daniel Eidan (Bank for International Settlements) & Ousmène Jacques Mendang (Accenture)
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 | 12th January 2023 Digital Currencies: Coexistence or Competition With: Catherine Gu (Visa) & Carmelle Cadet (EMTECH)
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 | 8th December 2022 CBDC Interoperability in Cross-border payments With: John Kiff (Satoshi Capital Advisors) & Simon Chantry (Bitt)
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 | 17th November 2022 CBDC Interoperability, Benefits and Implications- A U.S. Perspective With: Commissioner Hester M. Peirce (The U.S Securities and Exchange Commission) & Patrick McCarty (Georgetown University)
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 | 5th October 2022 Gaining Momentum: Options for access to and interoperability of CBDCs worldwide With: Anneke Kosse & Illaria Mattei (Bank for International Settlements)
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 | 29th September 2022 What CBDC features will drive consumers’ and merchants’ adoption? With: John Velissarios (Accenture) & Raoul Herborg (G+D)
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 | 10th August 2022 Aligning Technology and Policy: The Oliver Wyman Forum and Amazon Web Services (AWS) Report With: Larissa de Lima (Oliver Wyman Forum) & Erica Salinas (Amazon Web Services)
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 | 20th July 2022 CBDC Motivations and Challenges – A Perspective from Asia-Pacific With: Masaki Bessho (Bank of Japan) & Dr Steven Hu (Standard Chartered Bank)
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 | 30th June 2022 Central Banks and Private Money: The Past, Present and Future With: John Kiff (Satoshi Capital Advisors) & Harish Natarajan (The World Bank)
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 | 18th May 2022 CBDC Motivations and Challenges – A Perspective from Latin America With: Ludmilla Butueau Allien (Bank of the Republic of Haiti) & Dr Adolfo Sarmiento (Central Bank of Uruguay) |
 | 28th April 2022 CBDC Motivations and Challenges- A Perspective from the UK & Canada With: Dr Francisco Rivadeneyra (Bank of Canada) & Mehregan Ameri (Bank of England) |
 | 16th March 2022 HSBC & IBM’s Joint CBDC Project With: Mark Williamson (HSBC) & Soren Mortensen (IBM) |
 | 15th February 2022 Critical policy issues & Lessons Learned from UK and China With: Jean-Michel Godeffroy (JMG Consulting) & Keith Bear (University of Cambridge) |
 | 11th January 2022 Quantifying the Impact of CBDCs With: Dr Kimmo Soramäki (FNA) & Dr Carlos León (FNA) |