fenann17351

Bank of Finland and CEPR Joint Conference on Money in the Digital Age
Call For Papers

12-13 June 2018 in Helsinki

Submission Deadline: 28 February 2018

Keynote: Prof. Bengt Holmstrom (MIT), Nobel laureate in economics, 2016

Information and communication technologies have affected financial services for decades. More recently, digitization of information has increasingly spread to almost all areas of human activity, creating new vast pools of data. This has opened new opportunities also to financial services, which both incumbent institutions and new players are facing. Great benefits may be available, but new risks may also emerge. New technologies and players may eventually increase competition and innovation which may lead to better and cheaper financial services to the end users. However, it is not clear that welfare benefits can be maximized without policy interventions. Financial regulation and supervision - even competition policies - can be a catalyst, but may be needed also for safeguarding the financial system against new types of risks. Central banks may also be affected as ways of payment and use of cash are changing. The issue of digital central bank currencies has risen, with potential implications for financial stability and the transmission of monetary policy.

TOPICS: Consequently, original papers subject to high academic standards and preferably with important policy or practical implications are invited, for example, on the following topics, though not restricted to them:
- Effects of new technologies and digitalization on various aspects of financial intermediation; e.g., payment services, and credit extension including credit analysis and delegated monitoring role of banks
- Implications of "open banking" initiatives (such as the EU directive, PSD2) for the industrial organization of banking and innovation
- Implications for financial stability of new players, technologies, and business models
- Implications of the new forms of shadow banking
- Implications of the emergence of new payment technologies and cryptocurrencies
- Role of financial regulation and supervision in facilitating productive developments and controlling risks
- Role of central banks in the new environment: issues related to the declining use of cash, central bank digital currency (CBDC), the role of legal tender, and implications for macroprudential policy and monetary policy

PAPER SUBMISSION PROCEDURE: Authors who are CEPR members can upload their submission through their CEPR profile http://portal.cepr.org/money-digital-age

PAPER SUBMISSION PROCEDURE: Authors who are not CEPR members can email their submission to Mandy Chan at mchan@cepr.org. Submission deadline is 28 February 2018. On local organization, please contact Ms Pauliina Murto (pauliina.murto@bof.fi).

Papers accepted for the conference will be notified by March 16, 2018 by the Programme Committee: Seppo Honkapohja (Bank of Finland/Aalto University and CEPR), Aleksi Grym (Bank of Finland), Esa Jokivuolle (Bank of Finland) and Tuomas Takalo (Bank of Finland).

Presenters and discussants from academic non-profit institutions without access to their own funding will have the travel and accommodation cost agreed in advance covered by the Bank of Finland.

There will be no charge for participating but other participants should expect to pay their own travel and accommodation costs. For additional information please contact Ms Pauliina Murto.

Posted: 18 Dec 2017