About the conference
The ninth BIS Research Network meeting took place on 26 and 27 September 2019, bringing together researchers from academia and central banks around the theme "Fintech and digital currencies". Organised jointly with ABFER and CEPR, the first session assessed technology, financial intermediation and regulation, while the second session focused on cryptocurrencies, central banks and the monetary system. Amit Seru gave a keynote speech on the interaction between fintech firms and banks.
- Antonio Fatas (INSEAD, ABFER and CEPR)
- Leonardo Gambacorta (BIS and CEPR)
- Amit Seru (Stanford Graduate School of Business, ABFER and CEPR)
Conference materials
Day 1 - 26 September
| Welcome remarks |
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| Luiz Awazu Pereira da Silva (Bank for International Settlements) |
| Session 1: Technology, financial intermediation and regulation |
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Chair Jean-Charles Rochet (Geneva School of Economics and Management) |
Speaker Eric Lam, (Hong Kong Monetary Authority), presentation Paper 1: Funding decision in online marketplace lending Discussant: Julapa Jagtiani (Federal Reserve Bank of Philadelphia), discussion paper |
Speaker Jon Frost (Bank for International Settlements), presentation Paper 2: BigTech and the changing structure of financial intermediation Discussant: Katrin Tinn (McGill University on leave from Imperial College Business School) discussion paper |
Speaker Fabio Braggion (Tilburg University), presentation Paper 3: Can technology undermine macroprudential regulation? evidence from peer-to-peer credit in China Discussant: Kelly Shue (Yale School of Management), discussion paper |
| Keynote speech |
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Amit Seru (Stanford Graduate School of Business) Fintechs and banks: complements or substitutes? |
Day 2 - 27 September
| Session 2: Cryptocurrencies, central banks and the monetary system |
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Chair Stijn Claessens (Bank for International Settlements) |
Speaker Sören Karau (Deutsche Bundesbank) Paper 4: On the transmission of news and mining shocks in Bitcoin Discussant: Maarten van Oordt (Bank of Canada), presentation |
Speaker Raphael Auer (Bank for International Settlements), presentation Paper 5: Beyond the doomsday economics of "proof-of-work" in cryptocurrencies Discussant: Rod Garratt (University of California Santa Barbara) |
Speaker Markus Brunnermeier (Princeton University), presentation Paper 6: On the equivalence of private and public money The digitalization of money Discussant: Aleksander Berentsen (University of Basel), presentation |
Speaker Michael Kumhof (Bank of England), presentation Paper 7: The macroeconomics of central bank issued digital currencies Discussant: Wilko Bolt (Netherlands Bank), presentation |
| Closing remarks |
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