36th Annual Monetary and Trade Conference: Cryptocurrencies in the Global Economy

Thursday, April 19, 2018
Gerri C. LeBow Hall, 3220 Market Street, Philadelphia, PA

Event Detail

36th Annual Monetary and Trade Conference: Cryptocurrencies in the Global Economy

On April 19, 2018, the Global Interdependence Center will host its Annual Monetary & Trade (AMT) Conference in partnership with the LeBow College of Business at Drexel University and the Federal Reserve Bank of Philadelphia. 2018 will mark the year of our 36th AMT Conference.

Regulatory and technological developments are changing the nature of financial markets, services, and institutions in ways completely unexpected. Technology innovations including Bitcoins and other cryptocurrencies promise disruptions in global transactions and offer significant efficiencies in global markets. With an open, distributed source, cryptocurrencies allow for speedy and transparent transactions. However, despite these benefits, critics have raised concerned about regulation, proliferation of fraud and asymmetric impact on public vs. private information. The conference will add to the debate of the future of this disruptive technology to the global economy.

For a list of suggested regional-hotels, please contact GIC by emailing [email protected].

Attendees of The 36th Annual Monetary and Trade Conference can receive credit from the following organizations:

  • AFCPE Post Certification (4.5 credits)
  • CFP Board (4.5 CE credit hours)

Click here to view and download the program handout from this event.

Agenda

9:00 – 9:30 a.m. | Registration and Continental Breakfast 

9:30 a.m. | Opening Remarks

  • George Tsetsekos, Drexel University
  • William G. Spaniel, Federal Reserve Bank of Philadelphia

9:45 a.m. | Opening Keynote: Valuing Cryptocurrencies

  • Christine Parlour, University of California, Berkeley

10:30 a.m. | Session 1: Bitcoins and Other Cryptocurrencies

  • Moderator: George Tsetsekos, Drexel University
  • Speakers:
    • David Mills, Board of Governors of the Federal Reserve System
    • Will Cong, University of Chicago
    • Kim Huynh, Bank of Canada
    • Susan Akbarpour, Mavatar
  • Session Topics:
    • An update on Trends and Developments. Recent price volatility, the Korean Cryptocurrency, the new futures contract
    • Payments and Clearing Systems. Platforms and new developments
    • The economics. Currency vs. commodity, Supply and Demand, cost of mining, cryptocurrency utility

11:45 p.m. | Break

12:00 p.m. | Session 2: Are Cryptocurrencies Good Investments? Who Invests in Cryptocurrencies?

  • Moderator: Michael Papaioannou, IMF
  • Speakers:
    • Jim Cunha, Federal Reserve Bank of Boston
    • Gregory Cipolaro, Digital Asset Research
    • Antoine Martin, Federal Reserve Bank of New York
    • Nolan Bauerle, CoinDesk
  • Session Topics:
    • Market participants
    • Investment vehicles and trading Activities
    • Institutional participation banks and other intermediaries

1:15 p.m. | Lunch Keynote

  • Jon Nicolaisen, Norges Bank

2:45 | Session 3: The Future of Fintech and Cryptocurrencies

  • Moderator: Julapa Jagtiani, Federal Reserve Bank of Philadelphia
  • Speakers:
    • William Nelson, The Clearing House
    • Isabelle Corbett, R3
    • Yaya Jata Fanusie, Foundation for Defense of Democracies
    • Mike Warner, Federal Reserve Bank of San Francisco
  • Session Topics:
    • The future in Global Regulations. Global Financial Stability Board, CBOE and BIS and other institutional positions on the future of cryptocurrencies
    • The future of technology and security for cryptocurrencies
    • The Future in Monetary Policy coordination

4:00 p.m. | Closing Remarks:

  • Robert Hunt, Federal Reserve Bank of Philadelphia
  • Julapa Jagtiani, Federal Reserve Bank of Philadelphia
  • George Tsetsekos, Drexel University
  • Michael Papaioannou, IMF

4:30 p.m. | Adjourn

The views expressed at this conference are those of the speakers and other conference participants and do not necessarily reflect the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. Nothing in the speech, presentation, or discussion should be construed as an endorsement of any organization or its products or services.

Event Location

Date: Thursday, April 19, 2018 City: Philadelphia

LeBow College of Business at Drexel University
Gerri C. LeBow Hall, 3220 Market Street, Philadelphia, PA

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Speakers

Susan Akbarpour

Susan Akbarpour

CEO and Co-Founder, Mavatar

Susan Akbarpour is CEO and cofounder of Mavatar, which provides “360 marketplace and shoppable content publishing” solutions to retailers and media companies.

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Nolan Bauerle

Nolan Bauerle

Director of Research, CoinDesk

Nolan Bauerle is the Director of Research at CoinDesk.

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Greg Cipolaro

Greg Cipolaro

CEO, Digital Asset Research

Greg Cipolaro is CEO of Digital Asset Research. He is also a Senior Analyst at Digital Asset Research and brings a traditional Wall Street investment background to the company.

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Lin William Cong

Lin William Cong

Assistant Professor and Advisor, University of Chicago’s Booth School of Business

Lin William Cong is an assistant professor of finance at the University of Chicago and a faculty affiliate at the Center for East Asian Studies.

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Isabelle Corbett

Isabelle Corbett

Senior Counsel & Director of Regulatory Affairs, R3.

Isabelle Corbett is senior counsel and director of regulatory affairs at R3, an enterprise software firm driving the development of distributed ledger and blockchain solutions across the financial services industry.

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Jim Cunha

Jim Cunha

Senior Vice President, Treasury And Financial Services Group

Jim Cunha is senior vice president of the Treasury and Financial Services Group at the Federal Reserve Bank of Boston.

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Yaya J. Fanusie

Yaya J. Fanusie

Director of Analysis for the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF)

Yaya J. Fanusie is the director of analysis for the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF). He focuses on fintech and its implications for national security and illicit finance.

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Robert M. Hunt

Robert M. Hunt

Senior Vice President, Federal Reserve Bank of Philadelphia

Robert M. Hunt is a senior vice president at the Federal Reserve Bank of Philadelphia, associate director of the Consumer Finance Institute, and director of the Payment Cards Center (PCC).

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Kim P. Huynh

Kim P. Huynh

Senior Researcher Adviser, Bank of Canada

Kim P. Huynh is a Senior Researcher Adviser in the Currency Department at the Bank of Canada.

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Julapa Jagtiani

Julapa Jagtiani

Senior Special Advisor, Federal Reserve Bank of Philadelphia

Julapa Jagtiani is Senior Special Advisor at the Federal Reserve Bank of Philadelphia and a Fellow member of the Wharton Financial Institutions Center. Previously, Jagtiani was a senior economist at the Chicago Fed and Kansas City Fed.

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Antoine Martin

Antoine Martin

Senior Vice President and Head of the Money and Payments Studies Function, Federal Reserve Bank of New York

Antoine Martin is Senior Vice President and Head of the Money and Payments Studies Function at the Federal Reserve Bank of New York. Prior to joining the New York Fed in 2005, he was an Economist at the Federal Reserve Bank of Kansas City.

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David Mills

David Mills

Deputy Associate Director, Board of Governors of the Federal Reserve System

David Mills is Deputy Associate Director at the Board of Governors of the Federal Reserve System in Washington, DC. He has responsibilities for the Board’s payments research and retail payments. 

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Bill Nelson

Bill Nelson

Executive Managing Director, Chief Economist, and Head of Research, the Clearing House Association

William (Bill) Nelson is executive managing director, chief economist, and head of research at the Clearing House Association, and chief economist of the Clearing House Payments Company.

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Jon Nicolaisen

Jon Nicolaisen

First Deputy Chair of the Executive Board, Norges Bank

Mr. Deputy Governor and First Deputy Chair of the Executive Board Jon Nicolaisen. Born in 1959. Appointed Deputy Governor and First Deputy Chair of the Executive Board on 1 April 2014 for a term of six years.

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Michael G. Papaioannou

Michael G. Papaioannou

Expert Advisor, International Monetary Fund

Dr. Michael G. Papaioannou serves as an Expert Advisor at the International Monetary Fund and is a Visiting Scholar and Professor at the LeBow College of Business, School of Economics, Drexel University.

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Christine A. Parlour

Christine A. Parlour

Chair of Finance and Accounting, Haas School of Business at the University of California, Berkeley

Christine A. Parlour is the Sylvan C. Coleman chair of finance and accounting at the Haas School of Business at the University of California, Berkeley.

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William G. Spaniel

William G. Spaniel

Senior Vice President and Lending Officer, Federal Reserve Bank of Philadelphia

William G. Spaniel is a senior vice president and lending officer at the Federal Reserve Bank of Philadelphia, overseeing the Bank’s Supervision, Regulation, and Credit Department.

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George Tsetsekos, Ph.D.

George Tsetsekos, Ph.D.

Dean Emeritus and the Francis Professor of Finance at LeBow’s College of Business at Drexel University

Dr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.

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Mike Warner

Mike Warner

Senior Strategist, Federal Reserve Bank of San Francisco

Mike Warner has been actively involved in the advancement of system modeling software and the deployment of large scale software systems for over fifteen years.

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Partners

Consumer Finance Institute – Federal Reserve Bank of Philadelphia
Drexel University LeBow College of Business