Central Banking in the Age of Artificial Intelligence

AI

TARGET AUDIENCE | Mid-level officials in central banks from different business functions, including monetary policy, market operations, payment systems, statistics, financial stability and banking supervision, who are familiar with the use of artificial intelligence such as ChatGPT and have at the minimum 5 years of work experience in central banking.

COURSE OVERVIEW | This course is designed to provide central bankers with a comprehensive understanding of how AI can be applied in monetary policy, financial regulation and other central bank functions as well as the implications of AI adoption by economic agents on the respective central bank functions. Each session should ideally blend lectures, discussions, and practical exercises, such as demonstrating example prompts, to allow for peer exchange and to maximize learning. Additionally, incorporating guest speakers from renowned institutions (e.g. large banks using AI) can provide real-world insights and enhance the credibility of the course.

The course is envisaged as a collaboration between the JVI and the ECB as an early adopter of AI among major central banks. The course would also involve guest speakers from the IMF (ITD and MCM), BIS, OeNB and a large Austrian bank to provide real-world insights into AI use by various institutions. The majority of sessions is envisaged to take place in person in Vienna.

COURSE OBJECTIVES:

• Provide foundational knowledge of AI and its technologies.

• Explore practical AI applications in monetary policy and central banking.

• Discuss ethical, legal, and operational considerations of AI implementation.

• Develop skills to integrate AI into monetary policy frameworks.

• Enhance understanding of cybersecurity, fintech, and digital transformation in monetary contexts.

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Course Details

Start: 20250519May 19
End: 20250523May 23

Language: English

Sponsoring Organization: JVI

Admin Arrangements


Application Deadline: February 19, 2025

Apply here