About the conference
The 21st BIS Annual Conference focused on the question of how central banks can meet their mission to preserve the value of money. The sessions focused on inflation – the containment of which is an important aspect of preserving money's value – as well as preserving the value of money from the longer-term, structural perspective, focusing on the challenges of digital innovation. The conference proceedings were published in the BIS Papers No 131 in December 2022.
Conference materials
Hyun Song Shin, Bank for International Settlements
Chair
Joachim Nagel, Deutsche Bundesbank
Speaker
Jennifer La’O, Columbia University | presentation
Paper
Optimal monetary policy in production networks
Discussants
- Şebnem Kalemli-Özcan, University of Maryland, College Park | presentation
- Frank Smets, European Central Bank | presentation
Chair
Rosanna Costa, Central Bank of Chile
Speaker
Ricardo Reis, London School of Economics and Political Science | presentation
Paper
The burst of high inflation in 2021–22: how and why did we get here?
Discussants
- Signe Krogstrup, Danmarks Nationalbank | presentation
- Federico Sturzenegger, Harvard Kennedy School
Luigi Zingales, University of Chicago, Booth School of Business | presentation
Chair
Tiff Macklem, Bank of Canada
Speaker
Antoinette Schoar, MIT Sloan School of Management | presentation
Paper
Cryptocurrencies and Decentralised Finance (DeFi)
Discussants
- Tobias Adrian, International Monetary Fund | presentation
- Bruno Biais, HEC Paris | presentation
Chair
Nor Shamsiah Mohd Yunus, Central Bank of Malaysia
Speaker
Christine Parlour, University of California, Berkeley, Haas School of Business | presentation
Paper
Systemic fragility in decentralised markets
Discussants
- Zhiguo He, University of Chicago, Booth School of Business | presentation
- Dirk Niepelt, University of Bern | presentation
Moderator
Agustín Carstens, Bank for International Settlements
Panellists
- Eddie Yue, Hong Kong Monetary Authority
- Stefan Ingves, Sveriges Riksbank
- Lael Brainard, Board of Governors of the Federal Reserve System