Workshop on Digital Currency Economics and Policy

 



The Workshop on Digital Currency Economics and Policy is jointly organised by the Asian Bureau of Finance and Economic Research (ABFER), the National University of Singapore (NUS) Business School and MAS. This Workshop, to be held in conjunction with the Singapore Fintech Festival 2018, aims to focus applied economic and financial research efforts on the implications of digital currencies for monetary policy and the financial system. It seeks to provide a platform for established academics in their mainstream areas of monetary and financial economics to apply their expertise to analysing the implications of digital currencies, and to encourage discussions on how the existing frameworks and paradigms of thinking about monetary and financial policies can be extended to incorporate this new technology-enabled development.

14
NOV
2018
Wednesday
Venue: Singapore Expo Convention & Exhibition Centre

3:30 pm – 6:00 pm
15
NOV
2018
Thursday
Venue: Monetary Authority of Singapore, Penthouse
10 Shenton Way, MAS Building Singapore 079117

10:00 am – 10:05 am
Welcome Remarks by Edward Robinson
Assistant Managing Director (Economic Policy) and Chief Economist, Monetary Authority of Singapore
10:05 am – 10:45 am
Opening Speech
“From the Curse of Cash to the Burden of Digitalisation”

Professor Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy, Professor of Economics, Harvard University

10:45 am – 11:00 am
11:00 am – 12:30 pm
Part I – Monetary Economics and Policy

“History and Prospects for Private Digital Currencies”

Professor Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley

Commentator:
Professor Randall Morck, Stephen A. Jarislowsky Distinguished Chair in Finance, University of Alberta

Chair:
Taimur Baig, Managing Director and Chief Economist, DBS Group Research, DBS Bank

12:30 pm – 2:30 pm
2:30 pm – 4:00 pm
“Co-existence of Private Digital Currencies and Central Bank Currencies“

Professor Markus K. Brunnermeier, Edwards S. Sanford Professor of Economics and Director of the Bendheim Center for Finance, Princeton University

Commentator:
Professor Danny Quah, Dean and Li Ka Shing Professor of Economics, Lee Kuan Yew School of Public Policy, National University of Singapore

Chair:
Professor Sumit Agarwal, Head of Finance Department and Low Tuck Kwong Distinguished Professor, National University of Singapore

4:00 pm – 4:15 pm
4:15 pm – 5:45 pm
“The Implications of Digital Currencies on Monetary Policy and the International Monetary System”

Professor Charles Engel, Donald Hester Professor of Economics, University of Wisconsin-Madison

Commentator:
Professor Andrew Rose, B.T. Rocca Jr. Chair in International Business and Trade, Haas School of Business, University of California, Berkeley

Chair:
Professor Ilian Mihov, Dean and Rausing Chaired Professor of Economic and Business Transformation, INSEAD

16
Nov
2018
Friday
Venue: Monetary Authority of Singapore, Penthouse
10 Shenton Way, MAS Building Singapore 079117

9:15 am – 10:45 am
Part II – Financial System and Stability

“The Structure of Digital Fiat Currencies”

Robleh Ali, Research Scientist, Digital Currency Initiative, MIT Media Lab

Commentator:
Professor Prateek Saxena, Assistant Professor, Computer Science Department, National University of Singapore

Chair:
Professor Joseph Cherian, Director of Centre for Asset Management Research & Investments (CAMRI) and Professor of Finance, National University of Singapore

10:45 am – 11:00 am
11:00 am – 12:30 pm
“How would Private Digital Currencies affect Government Policy?”

Professor David Yermack, Professor of Finance, NYU Stern School of Business, New York University, Adjunct Professor of Law, NYU Law School

Max Raskin, Research Fellow, Institute for Judicial Administration, New York University School of Law (co-author)

Professor Fahad Saleh, Assistant Professor of Finance, McGill University (co-author)

Commentator:
Professor Gur Huberman, Robert G. Kirby Professor of Behavioural Finance, Business School, Columbia University

Chair:
Professor Lim Kian Guan, Vice Provost and OUB Chair Professor of Quantitative Finance, Singapore Management University

12:30 pm – 2:30 pm
Lunch & Central Bankers’ Panel

“The Practitioner’s Perspective”

Cecilia Skingsley, Deputy Governor, Sveriges Riksbank
Agustín Carstens, General Manager, Bank for International Settlements
Other panellists to be confirmed.

Moderator:
Ravi Menon, Managing Director, Monetary Authority of Singapore

2:30 pm – 3:00 pm
3:00 pm – 4:30 pm
“Digital Tokens and Financial Regulation”

Professor Franklin Allen, Professor of Finance and Economics, Executive Director, Brevan Howard Centre, Imperial College London

Commentator:
Professor Beatrice Weder di Mauro, Distinguished Fellow-in-residence, Emerging Markets Institute of INSEAD
Professor of Economics, Chair of Economic Policy and International Macroeconomics, University of Mainz, Germany

Chair:
Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management, National University of Singapore

4:40 pm

Registration

Registration is strictly by invitation and non-transferable. For any enquiries, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..

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