Banque de France Digital Finance Research Conference

15 November 2023 - 09:00

The Banque de France is organizing a conference on Digital Finance Research Conference, on November 15, 2023, in Paris.

Banque de France Digital Finance Research Conference

Paris, Banque de France, November 15, 2023

The Banque de France Digital Finance Research Conference aims at bringing together academic researchers, practitioners and policymakers. A special emphasis will be put on issues related to central bank digital currency, the interactions between monetary policy and digital finance, the development of decentralized finance and stablecoins. In addition to academic presentations, a panel of practitioners from a wide range of institutions will discuss the challenges surrounding the tokenization of real-world assets.


9h Welcome & registration
9h15 Welcome address - Marie-Laure Barut-Etherington (BdF)
9h30 Session #1: Crypto assets and monetary policy

Chair: Katrin Assenmacher (ECB)
CBDC, Monetary Policy Implementation, and the Interbank Markets
, Nora Lamersdorf (Frankfurt School of Finance), Tobias Linzert and Cyril Monnet
Discussant: Jorge Abad (Banco de Espana)

The Fed vs DeFi: Monetary Policy Transmission to Stablecoin Rates Andrea Barbon (St Gallen), Jean Barthélémy, Benoit Nguyen
Discussant: Vincent Maurin (HEC)

11h00 Coffee break
11h30 Panel session: tokenization of real-world assets

Chair: Adeline Bachellerie (BdF)
Sébastien Derivaux (MakerDAO), Teana Baker-Taylor (Circle), Basak Toprak (JPMorgan)

13h00 Buffet lunch, Grand Hall
14h00 Keynote: Bruno Biais (HEC)
15h00 Session #2: Decentralized finance

Chair: Inaki Aldaroso (BIS)
Contagion in Decentralized Lending Protocols: A Case Study of Compound
N. Tovanich, M. Kassoul, Simon Weidenholzer, Julien Prat (CNRS and École Polytechnique)
Discussant: Matthieu Bouvard (TSE)
Interest Rate Parity in Decentralized Finance A. Chaudhary, R. Kozhan and Ganesh Viswanath-Natraj (Univ. Warwick)
Discussant: Mariana Rojas-Breu (Université Paris-Panthéon-Assas)

16h30 Coffee break
16h45  Session #3 Stablecoins

Chair: Matthieu Bussière (BdF)
Anatomy of a Run: The Terra Luna Crash
Jiageng Liu, Igor Makarov (LSE) & Antoinette Schoar
Discussant: Inaki Aldaroso (BIS)
Crypto Carry Maik Schmeling, Andreas Schrimpf, Karamfil Todorov (BIS)
Discussant: Yackolley Amoussou-Guenou (Université Paris-Panthéon-Assas)

18h15 End of the conference
19h00 Dinner (by invitation only)



Banque de France Digital Finance Research Conference