Speech by SEACEN Centre Executive Director Dr Cynyoung Park
The 17th SEACEN-BIS High-Level Seminar was held on 25 September 2025, ahead of the 24th SEACEN Executive Committee (EXCO) Meeting in Seoul, Korea, hosted by The Bank of Korea (BOK). The theme of the High-Level Seminar was “Central Banking amid Heightened Global Uncertainty”. Mr Jongwoo Park, Deputy Governor of the BOK delivered his opening remarks,…
Primer on Retail CBDC
Many central banks around the world are studying the pros and cons of introducing retail CBDC. A retail CBDC is a direct central bank liability. Questions therefore come up as to whether issuing a retail CBDC may in some ways impede the central bank’s key functions. Among others, these include the following: Will the commercial…
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