Difference between revisions of "Program Joint CEPR-BOCCONI Conference on DIgital Assets 2023"
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== September 14 - Day 1 == | == September 14 - Day 1 == | ||
=== 9.00 – 9.15 Welcome Address === | === 9.00 – 9.15 Welcome Address === | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=E49YoBwhLUA&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=1&pp=iAQB</youtube> | ||
| + | |||
'''Donato Masciandaro.''' Director of the Baffi Centre in Economics, Finance and Regulation, and Chair in Economics of Financial Regulation, Università Bocconi. | '''Donato Masciandaro.''' Director of the Baffi Centre in Economics, Finance and Regulation, and Chair in Economics of Financial Regulation, Università Bocconi. | ||
| − | '''Dirk Niepelt'''. | + | '''Dirk Niepelt'''. Leader of the Research Policy Network on Fintech and Digital Currencies, CEPR Fellow and University of Bern. |
| − | 9.15 : 10.45 - Session 1. | + | === 9.15 : 10.45 - Session 1 === |
| + | Session Chair: '''Claudio Tebaldi''' Bocconi University. | ||
* "''CBDC and Payment Platform Competition''", | * "''CBDC and Payment Platform Competition''", | ||
| − | Youming Liu (Bank of Canada), Edona Reshidi (Bank of Canada), Francisco Rivadeneyra (Bank of Canada) | + | Youming Liu (Bank of Canada), Edona Reshidi (Bank of Canada), and Francisco Rivadeneyra (RPN and Bank of Canada) |
Presented by: '''Edona Reshidi''' (Bank of Canada) | Presented by: '''Edona Reshidi''' (Bank of Canada) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=jhYrrBsX_EE&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=2&t=190s&pp=iAQB</youtube> | ||
Discussant: '''Remo Taudien''' (Study Center Gerzensee, University of Bern) | Discussant: '''Remo Taudien''' (Study Center Gerzensee, University of Bern) | ||
| − | |||
| − | * | + | * ''The Demand for Programmable Payments.'' |
| − | Presented by: ''' | + | Charles M. Kahn (University of Illinois), and Maarten van Oordt (Vrije Universiteit Amsterdam) |
| + | |||
| + | Presented by: '''Maarten van Oordt''' (Vrije Universiteit Amsterdam) | ||
| + | |||
| + | Discussant: '''Niklas Haeusle''' (University of St. Gallen) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=nssTCx0RIWc&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=3&pp=iAQB</youtube> | ||
| − | |||
=== Coffee Break === | === Coffee Break === | ||
=== 11.15 : 12.45 - Session 2 === | === 11.15 : 12.45 - Session 2 === | ||
| + | Session Chair: '''Dirk Niepelt''' CEPR Fellow and University of Bern | ||
* ''"Central Bank Digital Currencies : a Blessing or a Curse for Crypto Shadow Banking?"'' | * ''"Central Bank Digital Currencies : a Blessing or a Curse for Crypto Shadow Banking?"'' | ||
Jonathan Chiu (Bank of Canada, RPN), and Cyril Monnet (University of Bern, Study Center Gerzensee, RPN) | Jonathan Chiu (Bank of Canada, RPN), and Cyril Monnet (University of Bern, Study Center Gerzensee, RPN) | ||
| Line 29: | Line 40: | ||
Discussant: '''Martina Fraschini''' (University of Luxembourg) | Discussant: '''Martina Fraschini''' (University of Luxembourg) | ||
| − | |||
| + | <youtube>https://www.youtube.com/watch?v=8kbhNzmYrWk&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=4&pp=iAQB</youtube> | ||
| + | |||
| + | * ''"Bank Competition and Household Privacy in a Digital Payment Monopoly"'' | ||
| + | Itai Agur (IMF), Anil Ari (IMF), and Giovanni Dell'Ariccia (IMF, CEPR, RPN) | ||
* | * | ||
| − | Presented by: '''Giovanni Dell'Ariccia''' (IMF, CEPR) | + | Presented by: '''Giovanni Dell'Ariccia''' (IMF, CEPR, RPN) |
Discussant: '''Yuteng Cheng''' (Bank of Canada) | Discussant: '''Yuteng Cheng''' (Bank of Canada) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=mSaX3AvgcqM&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=5&pp=iAQB</youtube> | ||
| + | |||
| + | |||
=== Lunch === | === Lunch === | ||
=== 14.00 : 15.00 === | === 14.00 : 15.00 === | ||
| − | Session Chair: '''Elena Carletti''', Dean for Research, Università Bocconi | + | Session Chair: '''Elena Carletti''', Dean for Research, Università Bocconi and Fellow, CEPR |
| + | |||
| + | === Keynote Speech: Hyun Song Shin === | ||
| + | Bank of International Settlements, Fellow, CEPR and Member, Research Policy Network on Fintech and Digital Currencies | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=E0VeuKIRSKg&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=6&pp=iAQB</youtube> | ||
| − | |||
=== 15.00 : 16.30 - Session 3 === | === 15.00 : 16.30 - Session 3 === | ||
| + | Session Chair: '''Carlo Favero''' Deutsche Bank Chair in Quantitative Finance and Asset Pricing, Bocconi University and CEPR | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=8b-W-g6N3IM&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=30&pp=iAQB</youtube> | ||
| + | |||
* · ''Strategic Complementarities in a Dynamic Model of Technology Adoption: P2P Digital Payments'' | * · ''Strategic Complementarities in a Dynamic Model of Technology Adoption: P2P Digital Payments'' | ||
| − | Francesco Lippi (LUISS, EIEF, CEPR), Fernando Alvarez (University of Chicago), David Argente (Pennsylvania State University), Esteban Mendez (Central Bank of Costa Rica), Diana Van Patten (Yale University) | + | Francesco Lippi (LUISS, EIEF, CEPR), Fernando Alvarez (University of Chicago), David Argente (Pennsylvania State University), Esteban Mendez (Central Bank of Costa Rica), and Diana Van Patten (Yale University) |
Presented by: '''Francesco Lippi''' (LUISS, EIEF, CEPR) | Presented by: '''Francesco Lippi''' (LUISS, EIEF, CEPR) | ||
| − | Discussant: '''Nicolas Serrano Velarde''' (Bocconi University | + | Discussant: '''Nicolas Serrano Velarde''' (Bocconi University) |
| − | * | + | |
| + | |||
| + | |||
| + | * ''Mobile Money, Interoperability and Financial Inclusion'' | ||
Markus K. Brunnermeier (Princeton University, CEPR, RPN), Nicola Limodio (Bocconi University, CEPR), and Lorenzo Spadavecchia (Bocconi University) | Markus K. Brunnermeier (Princeton University, CEPR, RPN), Nicola Limodio (Bocconi University, CEPR), and Lorenzo Spadavecchia (Bocconi University) | ||
| − | Presented by: '''Nicola Limodio''' (Bocconi University | + | Presented by: '''Nicola Limodio''' (Bocconi University and CEPR) |
| − | Discussant: '''Rocco Macchiavello''' (LSE) | + | <youtube>https://www.youtube.com/watch?v=MFPJ1I7_mn0&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=7&pp=iAQB</youtube> |
| + | |||
| + | Discussant: '''Rocco Macchiavello''' (LSE and CEPR) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=86FmUWO9OVI&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=8&pp=iAQB</youtube> | ||
=== Coffee Break === | === Coffee Break === | ||
=== 17.00 : 18.30 - Session 4 === | === 17.00 : 18.30 - Session 4 === | ||
| + | Session Chair: '''Co-Pierre Georg''' EDHEC Business School | ||
| − | * '' | + | *''"Central Bank Digital Currency Adoption: A Two-Sided Model",'' Brandon Tan (IMF) |
| − | Presented by: ''' | + | * |
| + | Presented by: '''Brandon Tan (IMF)''' | ||
| + | |||
| + | Discussant: '''Edona Reshidi''' (Bank of Canada) | ||
| − | + | <youtube>https://www.youtube.com/watch?v=G3SLt2uuYfw&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=9&pp=iAQB</youtube> | |
| − | * ''Batching trades on automated market makers.'' Andrea Canidio (CoW Protocol)'', Robin Fritsch (ETH Zurich, CoW Protocol)'' | + | * ''Batching trades on automated market makers.'' |
| + | Andrea Canidio (CoW Protocol)'', and Robin Fritsch (ETH Zurich, CoW Protocol)'' | ||
Presented by: '''Andrea Canidio''' (CoW Protocol), Robin Fritsch (ETH Zurich, CoW Protocol) | Presented by: '''Andrea Canidio''' (CoW Protocol), Robin Fritsch (ETH Zurich, CoW Protocol) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=4OT-2wuOAPA&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=10&pp=iAQB</youtube> | ||
Discussant: '''Andrea Barbon''' (University of St.Gallen) | Discussant: '''Andrea Barbon''' (University of St.Gallen) | ||
| − | + | <youtube>https://www.youtube.com/watch?v=MJHolvIH1ns&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=11&pp=iAQB</youtube> | |
| − | |||
| − | |||
== September 15 - Day 2 == | == September 15 - Day 2 == | ||
=== 9.00 : 11.00 - Session 1 === | === 9.00 : 11.00 - Session 1 === | ||
| − | + | Session Chair: '''Laura Bottazzi''' Università di Bologna, CEPR | |
* ''CBDC and Banks: Disintermediating fast and slow'' | * ''CBDC and Banks: Disintermediating fast and slow'' | ||
| − | Rhys Bidder (KBS, QCGBF), Timothy Jackson (University of Liverpool), Matthias Rottner (Deutsche Bundesbank) | + | Rhys Bidder (KBS, QCGBF), Timothy Jackson (University of Liverpool), and Matthias Rottner (Deutsche Bundesbank) |
Presented by: '''Timothy Jackson''' (University of Liverpool) | Presented by: '''Timothy Jackson''' (University of Liverpool) | ||
| − | Discussant: '''Massimiliano Croce''' (Bocconi University) | + | <youtube>https://www.youtube.com/watch?v=tFpUCoHeuGQ&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=12&pp=iAQB</youtube> |
| + | |||
| + | Discussant: '''Massimiliano Croce''' (Bocconi University and CEPR) | ||
| + | <youtube>https://www.youtube.com/watch?v=GzL9tce_yHY&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=13&pp=iAQB</youtube> | ||
| + | |||
* ''CBDC: Banking and Anonymity'' | * ''CBDC: Banking and Anonymity'' | ||
| − | |||
Yuteng Cheng (Bank of Canada), Ryuichiro Izumi (Wesleyan University) | Yuteng Cheng (Bank of Canada), Ryuichiro Izumi (Wesleyan University) | ||
Presented by: '''Yuteng Cheng''' (Bank of Canada) | Presented by: '''Yuteng Cheng''' (Bank of Canada) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=Pq0BhfQUuBg&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=14&pp=iAQB</youtube> | ||
Discussant: '''Giovanni Dell'Ariccia''' (IMF, CEPR) | Discussant: '''Giovanni Dell'Ariccia''' (IMF, CEPR) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=vvYvqM2DXxk&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=15&pp=iAQB</youtube> | ||
* ''The digital economy, privacy, and CBDC'' | * ''The digital economy, privacy, and CBDC'' | ||
| − | Toni Ahnert (ECB, CEPR), Peter Hoffmann (ECB), Cyril Monnet (University of Bern, Study Center Gerzensee) | + | Toni Ahnert (ECB, CEPR), Peter Hoffmann (ECB), and Cyril Monnet (University of Bern, Study Center Gerzensee) |
Presented by: '''Cyril Monnet''' (University of Bern, Study Center Gerzensee) | Presented by: '''Cyril Monnet''' (University of Bern, Study Center Gerzensee) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=TV9VFvWvMAk&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=16&pp=iAQB</youtube> | ||
''Discussant:'' '''Maarten Van Oordt''' (Vrije Universiteit Amsterdam) | ''Discussant:'' '''Maarten Van Oordt''' (Vrije Universiteit Amsterdam) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=_ZgwaiFwBXs&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=17&pp=iAQB</youtube> | ||
=== Coffee Break === | === Coffee Break === | ||
| − | Chair: '''Stefano Rossi.''' Director of the Department of Finance | + | Chair: '''Stefano Rossi.''' Director of the Department of Finance, Università Bocconi and Fellow, CEPR. |
| + | |||
| + | === 11.30 - 12.30 Keynote Speech: Xavier Vives === | ||
| + | '''IESE Business School and CEPR''' | ||
| − | == | + | <youtube>https://www.youtube.com/watch?v=3u93qii5EA8&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=18&pp=iAQB</youtube> |
=== Lunch === | === Lunch === | ||
=== 14.00 : 15.30 Session 2 === | === 14.00 : 15.30 Session 2 === | ||
| − | + | Session Chair: '''Stefano Rossi.''' Università Bocconi and Fellow, CEPR. | |
* ''"Contracts and External Financing"'' by Katrin Tinn (McGill University, CEPR) | * ''"Contracts and External Financing"'' by Katrin Tinn (McGill University, CEPR) | ||
Presented by: '''Katrin Tinn''' (McGill University, CEPR) | Presented by: '''Katrin Tinn''' (McGill University, CEPR) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=dEjrdW3TzA4&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=19&pp=iAQB</youtube> | ||
Discussant: '''Andrea Canidio''' (CoW Protocol) | Discussant: '''Andrea Canidio''' (CoW Protocol) | ||
| − | * ''"Collusion-Proof Oracles for Decentralized Autonomous Organizations"'' | + | <youtube>https://www.youtube.com/watch?v=3Mv245TYmyA&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=20&pp=iAQB</youtube> |
| + | |||
| + | |||
| + | |||
| + | * ''"Collusion-Proof Oracles for Decentralized Autonomous Organizations"'' | ||
| + | Alexander Braun (Institute of Insurance Economics, University of St. Gallen), Niklas Haeusle (University of St. Gallen), and Stephan Karpischek (Decentralized Insurance Foundation) | ||
| + | |||
Presented by: '''Niklas Haeusle''' (University of St. Gallen) | Presented by: '''Niklas Haeusle''' (University of St. Gallen) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=R3r-2iMiqQ4&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=21&pp=iAQB</youtube> | ||
Discussant: '''Co-Pierre Georg''' (EDHEC Business School) | Discussant: '''Co-Pierre Georg''' (EDHEC Business School) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=nEjIz7AxFvM&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=22&pp=iAQB</youtube> | ||
=== Coffee Break === | === Coffee Break === | ||
=== 16.00 : 18.00 - Session 3 === | === 16.00 : 18.00 - Session 3 === | ||
| − | + | Session Chair: '''Massimiliano Croce''' (Bocconi University and CEPR) | |
* ''Stablecoin Devaluation Risk'' | * ''Stablecoin Devaluation Risk'' | ||
| Line 132: | Line 196: | ||
Presented by: '''Ganesh Viswanath-Natraj''' (Warwick Business School) | Presented by: '''Ganesh Viswanath-Natraj''' (Warwick Business School) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=5zD1MelCQcI&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=23&pp=iAQB</youtube> | ||
Discussant: '''Massimo Morini''' (Università Bocconi and Politecnico di Milano) | Discussant: '''Massimo Morini''' (Università Bocconi and Politecnico di Milano) | ||
| − | * ''Stablecoins: Adoption and Fragility.'' Christoph Bertsch (Sveriges Riksbank) | + | <youtube>https://www.youtube.com/watch?v=w7ip0VSiL9o&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=24&pp=iAQB</youtube> |
| + | |||
| + | |||
| + | * ''Stablecoins: Adoption and Fragility.'' | ||
| + | Christoph Bertsch (Sveriges Riksbank) | ||
Presented by: '''Christoph Bertsch''' (Sveriges Riksbank) | Presented by: '''Christoph Bertsch''' (Sveriges Riksbank) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=EOsv1Re7Dv0&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=25&pp=iAQB</youtube> | ||
Discussant: '''Daniele Marazzina''' (Politecnico di Milano) | Discussant: '''Daniele Marazzina''' (Politecnico di Milano) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=Z3LwYNffeb8&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=26&pp=iAQB</youtube> | ||
* ''Stablecoins and short-term funding markets'' | * ''Stablecoins and short-term funding markets'' | ||
| − | Jean Barthelemy (Banque de France), Paul Gardin (ECB, Banque de France) and Benoit Nguyen (Banque de France) | + | Jean Barthelemy (Banque de France), Paul Gardin (ECB, Banque de France), and Benoit Nguyen (Banque de France) |
Presented by: '''Jean Barthelemy''' (Banque de France), | Presented by: '''Jean Barthelemy''' (Banque de France), | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=kS-zDj7G6xc&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=27&pp=iAQB</youtube> | ||
''Discussant:'' '''Ivan Shchapov''' (ENSAE Paris) | ''Discussant:'' '''Ivan Shchapov''' (ENSAE Paris) | ||
| + | |||
| + | <youtube>https://www.youtube.com/watch?v=aRubMKltczc&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=28&pp=iAQB</youtube> | ||
=== Conclusions === | === Conclusions === | ||
| − | + | '''Claudio Tebaldi''' Director of the Algorand Bocconi Fintech Lab, Bocconi University. | |
| − | + | <youtube>https://www.youtube.com/watch?v=xXeM6pukaNs&list=PLNBlD2s94-0ushPHJud33gJkZRE4C0ETC&index=29&pp=iAQB</youtube> | |
Latest revision as of 10:31, 24 January 2024
THE FUTURE OF PAYMENTS AND DIGITAL ASSETS
Room AS01, floor -2, via Roentgen, 1
September 14 - Day 1
9.00 – 9.15 Welcome Address
Donato Masciandaro. Director of the Baffi Centre in Economics, Finance and Regulation, and Chair in Economics of Financial Regulation, Università Bocconi.
Dirk Niepelt. Leader of the Research Policy Network on Fintech and Digital Currencies, CEPR Fellow and University of Bern.
9.15 : 10.45 - Session 1
Session Chair: Claudio Tebaldi Bocconi University.
- "CBDC and Payment Platform Competition",
Youming Liu (Bank of Canada), Edona Reshidi (Bank of Canada), and Francisco Rivadeneyra (RPN and Bank of Canada)
Presented by: Edona Reshidi (Bank of Canada)
Discussant: Remo Taudien (Study Center Gerzensee, University of Bern)
- The Demand for Programmable Payments.
Charles M. Kahn (University of Illinois), and Maarten van Oordt (Vrije Universiteit Amsterdam)
Presented by: Maarten van Oordt (Vrije Universiteit Amsterdam)
Discussant: Niklas Haeusle (University of St. Gallen)
Coffee Break
11.15 : 12.45 - Session 2
Session Chair: Dirk Niepelt CEPR Fellow and University of Bern
- "Central Bank Digital Currencies : a Blessing or a Curse for Crypto Shadow Banking?"
Jonathan Chiu (Bank of Canada, RPN), and Cyril Monnet (University of Bern, Study Center Gerzensee, RPN)
Presented by: Cyril Monnet (University of Bern, Study Center Gerzensee, RPN)
Discussant: Martina Fraschini (University of Luxembourg)
- "Bank Competition and Household Privacy in a Digital Payment Monopoly"
Itai Agur (IMF), Anil Ari (IMF), and Giovanni Dell'Ariccia (IMF, CEPR, RPN)
Presented by: Giovanni Dell'Ariccia (IMF, CEPR, RPN)
Discussant: Yuteng Cheng (Bank of Canada)
Lunch
14.00 : 15.00
Session Chair: Elena Carletti, Dean for Research, Università Bocconi and Fellow, CEPR
Keynote Speech: Hyun Song Shin
Bank of International Settlements, Fellow, CEPR and Member, Research Policy Network on Fintech and Digital Currencies
15.00 : 16.30 - Session 3
Session Chair: Carlo Favero Deutsche Bank Chair in Quantitative Finance and Asset Pricing, Bocconi University and CEPR
- · Strategic Complementarities in a Dynamic Model of Technology Adoption: P2P Digital Payments
Francesco Lippi (LUISS, EIEF, CEPR), Fernando Alvarez (University of Chicago), David Argente (Pennsylvania State University), Esteban Mendez (Central Bank of Costa Rica), and Diana Van Patten (Yale University)
Presented by: Francesco Lippi (LUISS, EIEF, CEPR)
Discussant: Nicolas Serrano Velarde (Bocconi University)
- Mobile Money, Interoperability and Financial Inclusion
Markus K. Brunnermeier (Princeton University, CEPR, RPN), Nicola Limodio (Bocconi University, CEPR), and Lorenzo Spadavecchia (Bocconi University)
Presented by: Nicola Limodio (Bocconi University and CEPR)
Discussant: Rocco Macchiavello (LSE and CEPR)
Coffee Break
17.00 : 18.30 - Session 4
Session Chair: Co-Pierre Georg EDHEC Business School
- "Central Bank Digital Currency Adoption: A Two-Sided Model", Brandon Tan (IMF)
Presented by: Brandon Tan (IMF)
Discussant: Edona Reshidi (Bank of Canada)
- Batching trades on automated market makers.
Andrea Canidio (CoW Protocol), and Robin Fritsch (ETH Zurich, CoW Protocol)
Presented by: Andrea Canidio (CoW Protocol), Robin Fritsch (ETH Zurich, CoW Protocol)
Discussant: Andrea Barbon (University of St.Gallen)
September 15 - Day 2
9.00 : 11.00 - Session 1
Session Chair: Laura Bottazzi Università di Bologna, CEPR
- CBDC and Banks: Disintermediating fast and slow
Rhys Bidder (KBS, QCGBF), Timothy Jackson (University of Liverpool), and Matthias Rottner (Deutsche Bundesbank)
Presented by: Timothy Jackson (University of Liverpool)
Discussant: Massimiliano Croce (Bocconi University and CEPR)
- CBDC: Banking and Anonymity
Yuteng Cheng (Bank of Canada), Ryuichiro Izumi (Wesleyan University)
Presented by: Yuteng Cheng (Bank of Canada)
Discussant: Giovanni Dell'Ariccia (IMF, CEPR)
- The digital economy, privacy, and CBDC
Toni Ahnert (ECB, CEPR), Peter Hoffmann (ECB), and Cyril Monnet (University of Bern, Study Center Gerzensee)
Presented by: Cyril Monnet (University of Bern, Study Center Gerzensee)
Discussant: Maarten Van Oordt (Vrije Universiteit Amsterdam)
Coffee Break
Chair: Stefano Rossi. Director of the Department of Finance, Università Bocconi and Fellow, CEPR.
11.30 - 12.30 Keynote Speech: Xavier Vives
IESE Business School and CEPR
Lunch
14.00 : 15.30 Session 2
Session Chair: Stefano Rossi. Università Bocconi and Fellow, CEPR.
- "Contracts and External Financing" by Katrin Tinn (McGill University, CEPR)
Presented by: Katrin Tinn (McGill University, CEPR)
Discussant: Andrea Canidio (CoW Protocol)
- "Collusion-Proof Oracles for Decentralized Autonomous Organizations"
Alexander Braun (Institute of Insurance Economics, University of St. Gallen), Niklas Haeusle (University of St. Gallen), and Stephan Karpischek (Decentralized Insurance Foundation)
Presented by: Niklas Haeusle (University of St. Gallen)
Discussant: Co-Pierre Georg (EDHEC Business School)
Coffee Break
16.00 : 18.00 - Session 3
Session Chair: Massimiliano Croce (Bocconi University and CEPR)
- Stablecoin Devaluation Risk
Barry Eichengreen (University of California at Berkeley, CEPR), My Nguyen (Washington University in St. Louis), Ganesh Viswanath-Natraj (Warwick Business School)
Presented by: Ganesh Viswanath-Natraj (Warwick Business School)
Discussant: Massimo Morini (Università Bocconi and Politecnico di Milano)
- Stablecoins: Adoption and Fragility.
Christoph Bertsch (Sveriges Riksbank)
Presented by: Christoph Bertsch (Sveriges Riksbank)
Discussant: Daniele Marazzina (Politecnico di Milano)
- Stablecoins and short-term funding markets
Jean Barthelemy (Banque de France), Paul Gardin (ECB, Banque de France), and Benoit Nguyen (Banque de France)
Presented by: Jean Barthelemy (Banque de France),
Discussant: Ivan Shchapov (ENSAE Paris)
Conclusions
Claudio Tebaldi Director of the Algorand Bocconi Fintech Lab, Bocconi University.
