International aspects of digital currencies and fintech
5th annual meeting of the Central Bank Research Association’s International Finance and Macroeconomics Program, jointly organised with the European Central Bank
Tuesday, 19 and Wednesday, 20 October 2021
Online event
The meeting will focus on the implications of the growing role of digital currencies and fintech for the international monetary and financial system. It brings together high-quality researchers and policymakers to discuss the implications of digital currencies, global stablecoins and the digitalisation of finance for the international monetary system, exchange rates, capital flows, global financial assets and spillovers.
Registration
Registration deadline: 15 October 2021
Please register directly using the links below. To ensure a smooth registration process, register with your institutional email address by Friday, 15 October 2021.
Programme
Times are Central European Time (UTC+2)
* indicates the presenter
- 14:00
Introductory remarks
Fabio Panetta, Member of the Executive Board, European Central Bank
- 14:30
Session 1: Digital currencies and the international dimension of monetary policy
Chair: Livio Stracca, European Central Bank
Digital money as a unit of account and monetary policy in open economies
Daisuke Ikeda, Bank of Japan
Discussant: Tommaso Mancini Griffoli, International Monetary Fund
- 15:15
Central bank digital currency with adjustable interest rate in small open economies
- Ammu George*, National University of Singapore
- Taojun Xie, National University of Singapore
- Joseph D. Alba, Nanyang Technological University
Discussant: Katrin Assenmacher, European Central Bank
- 16:00
- Break
- 16:15
-
Session 2: Digital currency and global finance
Chair: Arnaud Mehl, European Central Bank and Centre for Economic Policy Research
-
Central bank digital currencies, exchange rates and gross capital flows
- Michael Kumhof, Bank of England
- Marco Pinchetti, Bank of England
- Phurichai Rungcharoenkitkul, Bank for International Settlements
- Andrej Sokol*, European Central Bank
Discussant: Giovanni Lombardo, Bank for International Settlements
- 17:00
-
Digital currency runs
David Skeie, Warwick Business School
Discussant: Bruno Biais, HEC Paris
- 17:45
Keynote lecture: The Future of Money: How the Digital Revolution is Transforming Currencies and Finance
Eswar Prasad, Cornell University
- 18:30
-
End of day 1
- 15:00
-
Session 3: Global technical challenges and fintech
Chair: Galina Hale, University of California Santa Cruz, Central Bank Research Association, Centre for Economic Policy Research and National Bureau of Economic Research
-
Permissioned distributed ledgers and the governance of money
- Raphael Auer*, Bank for International Settlements
- Cyril Monnet, Gerzensee and University of Bern
- Hyun Song Shin, Bank for International Settlements
Discussant: Quentin Vandeweyer, University of Chicago
- 15:45
-
What determines cross-country differences in fintech and bigtech credit markets?
- Oskar Kowalewski, IESEG School of Management, Centre national de la recherche scientifique, Polish Academy of Sciences
- Paweł Pisany*, Polish Academy of Sciences
- Emil Ślązak, Warsaw School of Economics
Discussant: Tania Ziegler, University of Cambridge, Judge Business School
- 16:30
-
Keynote speech: International aspects of central bank digital currency
Chair: Ulrich Bindseil, European Central Bank
Tara Rice, Bank for International Settlements
- 17:15
-
Final remarks
Galina Hale, University of California Santa Cruz, Central Bank Research Association, Centre for Economic Policy Research and National Bureau of Economic Research
Audiovisual notice: Images and video recordings may be published online.
Please note that this programme may be subject to change without notice.
General information
English
Galina Hale, Massimo Ferrari, Arnaud Mehl and Livio Stracca