数字金融Workshop:Tackling the Risks in Crypto

发布日期:2023-06-06 12:00    来源:

第十四讲 Tackling the Risks in Crypto

时间:6月6日 周二 北京时间 上午  8:00-09:30

地点/Venue:Zoom 会议

https://us06web.zoom.us/j/82359576409?pwd=VHBUQzJJTVV5U2ZHU2o1MWlkZlFhQT09

会议号:823 5957 6409

密码:998306

主讲人/Speaker:  Jon Frost

主持人/Host:胡佳胤 Jiayin Hu           

摘要/Abstract:

The high-profile failures of a number of crypto firms have re-ignited the debate on the appropriate policy response to address the risks in crypto. The “shadow financial” functions enabled by crypto markets share many of the vulnerabilities of traditional finance and risks are often exacerbated by specific features of crypto. Authorities may consider different, and not mutually exclusive, lines of action to tackle the risks in crypto. These include (i) bans, which could tackle specific aspects of the crypto ecosystem, (ii) containment so that the real economy is insulated from crypto risks, and (iii) the regulation of the crypto sector. The paper highlights the pros and cons of the different approaches and proposes a framework to choose when bans, containment and regulation are most appropriate. It also describes the approach taken in Japan, which has been a pioneer in tacking such risks. With each approach, central banks and public authorities can also work to make traditional financial more attractive, thereby allowing responsible innovation to thrive.

主讲人介绍/Biography:

Jon Frost is Head of Economics for the Americas at the Bank for International Settlements (BIS). He leads a team of economists and analysts who do policy-oriented research and support central bank cooperation on macroeconomic policy, financial stability and digital innovation at the BIS Representative Office for the Americas in Mexico City. Previously, Jon worked in the BIS Innovation and the Digital Economy unit, at the Financial Stability Board (FSB), the Dutch central bank (DNB), VU University in Amsterdam and in the private sector in Germany. He has published research on fintech, big tech, central bank digital currencies (CBDCs), crypto, stablecoins, capital flows, macroprudential policy and economic inequality. Jon is a US national, from Seattle. He holds a PhD in economics from the University of Groningen, an MA from the University of Munich and a BA/BS from the University of Washington. He is a research affiliate of the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge. He previously served as a Board member in the FinTech@CSAIL initiative of the Massachusetts Institute of Technology (MIT).


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