This event is Co-Hosted by Banking and Payments (BAP), Currency (CUR) and the Economic and Financial Research (EFR) Departments at the Bank of Canada. This year’s conference theme is Central Banking and the Future of Payments.
Program: Thursday, November 6
Session 1: Tokenization
09:00-10:30 (ET)
Chair: Jonathan Chiu (Bank of Canada)
Do Cryptocurrencies Matter?
- Presenter: Bruno Biais (HEC Paris)
- Discussant: Todd Keister (Federal Reserve Bank of New York)
Impossibility of Transparent and Decentralized DeFi Trading
- Presenter: Hanna Halaburda (New York University)
- Discussant: Thorsten Koeppl (Queen’s University)
Session 2: Innovations
11:00–12:30 (ET)
Chair: Theodoros Garanzotis (Bank of Canada)
Breaking Barriers to Financial Access: Cross-Platform Digital Payments and Credit Markets
- Presenter: Manju Puri (Fuqua School of Business, Duke University)
- Discussant: Greg Buchak (Stanford Graduate School of Business)
Financial Technology, Labor Markets, and Wage Inequality: Evidence from Instant Payment Systems
- Presenter: Jacelly Cespedes (Carlson School of Management, University of Minnesota)
- Discussant: Thomas Lemieux (University of British Columbia)
John Kuszczak Memorial Lecture
14:00–15:00 (ET)
The Opportunities and Challenges for AI Adoption
- Introduction: Deputy Governor Sharon Kozicki (Bank of Canada)
- Keynote: Susan Athey (Stanford Graduate School of Business)
Policy Panel: Central Banking and the Future of Payments
15:30 –16:30 (ET)
Moderator: Scott Hendry (Bank of Canada)
- Tobias Adrian (International Monetary Fund)
- Christine Parlour (Haas School of Business, UC Berkeley)
- Christopher Waller (Federal Reserve Board)
Poster Session
16:30–18:00 (ET)
Payment Timing
- Erin Ferris (Federal Reserve Board)
AI Agents as Cash Managers in Payment Systems
- Janet Jiang (Bank of Canada)
Clean Money, High Costs?
- Viktors Stebunovs (Federal Reserve Board)
CBDC in the Market for Payments at the Point of Sale: Equilibrium Impact and Incumbent Responses
- André Stenzel (Universidad de los Andes, Chile)
Demand for Canadian Banknotes from International Travel: Indirect Evidence from the COVID-19 Pandemic
- Hongyu Xiao (Bank of Canada)
Financial Market Infrastructures Evolution in a Tokenized Economy
- Nicolas Zhang (International Monetary Fund)
Patterns and Determinants of Global Cryptocurrency Flows
- Christian Friedrich (Bank of Canada)
On the Political Economy of Global Payment Systems
- Diego Zuniga (Bank of Canada)
Program: Friday, November 7
Session 3: Cross-Border Payments
09:00–10:30 (ET)
Chair: Francisco Rivadeneyra (Bank of Canada)
International Currency Competition
- Presenter: Christopher Clayton (Yale School of Management)
- Discussant: Jason Choi (University of Toronto)
Broken Relationships: De-Risking by Correspondent Banks and International Trade
- Presenter: Alison Schultz (Tax Justice Network)
- Discussant: Narayan Bulusu (Bank of Canada)
Session 4: Retail Payments
11:00–12:30 (ET)
Chair: Christine McAllister (Bank of Canada)
Dynamic Consumer Cash Inventory Model
- Presenter: Alex Shcherbakov (Bank of Canada)
- Discussant: Mario Samano (HEC Montreal)
Strategic Complementarities in a Dynamic Model of Technology Adoption: P2P Digital Payments
- Presenter: Francesco Lippi (LUISS University)
- Discussant: Victor Aguirregabiria (University of Toronto)
Policy Lecture: From Jasper to Agorá – Lessons Learned and the Road Ahead
14:00–14:45 (ET)
- Presenter: Rod Garratt (University of California at Santa Barbara)
- Introduction: Ian Christensen (Bank of Canada)
Industry Panel: Payment FinTechs – Solving Real-World Pain Points Through Innovation
15:00–16:00 (ET)
Moderator: Charles Kahn (University of Illinois)
- Scott Bauguess (Coinbase)
- Michael King (Gustavson School of Business, University of Victoria)
- Richard Nash (PayPal)
Content Type(s):
Conferences and workshops