Joint Workshop: Money, Payments, Banking and Finance

November 4-6, 2020

SaMMF is pleased to host a workshop on Money, Payments, Banking and Finance, organized jointly with the Study Center Gerzensee. Please use the link below to register for the workshop.

The workshop will spread over three days. Each paper will have 45 minutes for the speaker. The program is below.

Please contact the organizers Randall Wright (U Wisconsin), Cyril Monnet (U of Bern) and Dirk Niepelt (U of Bern) at Summer Workshop if you have any questions.

Program

(Central European Time)
Wednesday – November 4

13:25-13:30 – Introduction: Dirk Niepelt, Study Center Gerzensee

13:30-14:15 – “Money, Credit and Equilibrium Imperfectly Competitive Banking” Author: Timothy Kam* (ANU), Allen Head (Queen’s University), Ieng-Man Ng (ANU)

14:15-15:00 – “Bargaining under Liquidity Constraints: Unified Strategic Foundations of the Nash and Kalai Solutions” Authors: Tai-Wei Hu* (University of Bristol), Guillaume Rocheteau (UC Irvine)

15:00-15:15 – break

15:15-16:00 – “Liquidity, the Mundell-Tobin Effect, and the Friedman Rule” Author: Lukas Altermatt* (University of Essex), Christian Wipf (University of Bern)

16:00-16:45 – “Unemployment, Aggregate Demand, and the Distribution of Liquidity” Author: Zach Bethune* (University of Virginia), Guillaume Rocheteau (UC Irvine)

16:45-17:00 – break

17:00-17:45 – “Central Bank Digital Currency and Flight to Safety” Author: Stephen Williamson (University of Western Ontario)

17:45-18:30 – “Interest Rates, Moneyness, and the Fisher Equation” Author: Lucas Herrenbrueck (Simon Fraser University)

Thursday – November 5

13:30-14:15 – “On Unsecured Credit in Pseudonymous Digital Payment Systems” Author: Yiting Li (National Taiwan University), Chien-Chang Wang* (National Taiwan University)

14:15-15:00 – “Anonymity, Secondary Demand, and the Velocity of Cryptocurrency” Sophie Zhou (Tilburg University)

15:00-15:15 – break

15:15-16:00 – “The Design of a Central Counterparty” Author: John Kuong (INSEAD) and Vincent Maurin* (Stockholm School of Economics)

16:00-16:45 – “The Economics of Permissioned Decentralized Ledgers” Author: Raphael Auer (BIS), Cyril Monnet* (University of Bern), Hyun Song Shin (BIS)

16:45-17:00 – break
17:00-17:45 – “A Central Bank Digital Currency in Our Monetary System” Author: Florian Böser* (ETH) and Hans Gersbach (ETH)

17:45-18:30 – “Global Demand for Basket-Backed Stablecoins” Author: Garth Baughman* (Board of Governors) and Jean Flemming (Board of Governors)

Friday – November 6

13:30-14:15 – “Private Assets and Belief Driven Cycles” Author: Hugo van Buggenum (Tilburg University)

14:15-15:00 – “The effects of negative interest rates on bank lending” Author: Romina Ruprecht (University of Basel)

15:00-15:15 – break

15:15-16:00 – “Sovereign Debt, Default Risk, and the Liquidity of Government Bonds” Authors: Gaston Chaumont (Rochester University)

16:00-16:45 – “Interbank trade: why it is good and how to get it” Author: Francesca Carapella* (Board of Governors), Garth Baughman (Board of Governors)

16:45-17:00 – break

17:00-17:45 – “Fixed and Flexible Exchange-rates in Two Matching Models: Non-equivalence results” Author: Tao Zhu (Hong Kong University of Science and Technology) and Neil Wallace* (PSU)

17:45-18:30 – “Toxic Assets and Market Freeze” Author: Chao Gu, (Missouri), Guido Menzio (Penn), Randy Wright* (Wisconsin), Yu Zhu (Bank of Canada)