2022 Desmarais Global Finance Lecture - Central Bank Digital Currencies and Alternative Payment Systems
Desmarais Global Finance Lecture: September 28, 2022
The Desmarais Global Finance Research Centre (DGFRC) of the Desautels Faculty of Management at McGill University initiated a new conference series that brought together thought leaders and decision makers from academia, public policy and the business world with the goal to promote thought exchange, dialogue, and the exploration of solutions to global challenges in finance and economics.
The theme for the inaugural Desmarais Global Finance Lecture which took place on September 28, 2022 was “Central Bank Digital Currencies and Alternative Payment Systems”. The event, organized in partnership with the Global Interdependence Center, featured an academic keynote speech by Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University.
He was joined by Miguel Diaz, the Head of BIS Innovation Hub Toronto, Paul Chilcott, Advisor to the Governor, Bank of Canada, Jim Cunha, Executive Vice President of Secure Payments and FinTech at the Federal Reserve Bank of Boston, Adrian Docherty, Head of Bank Advisory, BNP Paribas, Glenn Goucher, Executive Advisor, Tetra Trust Company, along with other experts in central bank digital currency and payment systems. The conference day included presentations and panel discussions.
Organizers:
Agenda & Recordings
Welcoming Remarks
- Yolande E. Chan, Dean of the Desautels Faculty of Management
- William Kennedy, CFA, Board Chair of GIC and CEO and Chief Investment Officer, RiskBridge Advisors LLC
Morning Keynote: “CBDCs from a Functional Perspective”
- Miguel Diaz, Head, BIS Innovation Hub, Toronto
Academic Session: “Will Central Bank Digital Currency Disintermediate Banks?”
- Presentation by Yufeng Wu, Associate Professor of Finance, Shebik Faculty Fellow, Gies College of Business, University of Illinois at Urbana-Champaign
- Discussant: Alfred Lehar, Associate Professor of Finance, Haskayne School of Business, University of Calgary
Academic Session: “Best Before? Expiring Central Bank Digital Currency and Loss Recovery”
- Presentation by Maarten van Oordt, Associate Professor, School of Business and Economics, Finance, VU Amsterdam.
Discussant: Katrin Tinn, Assistant Professor of Finance, Desautels Faculty of Management, McGill University
Keynote “CBDCs and Other Ways to Upgrade Our Payment Systems”
- Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University
Keynote – Panel Discussion
- Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University
- Miguel Diaz, Head, BIS Innovation Hub Toronto
- Paul Chilcott, Advisor to the Governor, Bank of Canada
- Moderator: Brian Gelfand, Senior Advisor, Digital Assets and Financial Market Infrastructure Lead, E&Y
Outlook & Perspectives: Panel Discussion
- Jim Cunha, Executive Vice President of Secure Payments and FinTech at the Federal Reserve Bank of Boston
- Adrian Docherty, Head of Bank Advisory, BNP Paribas
- Glenn Goucher, Executive Advisor, Tetra Trust Company, former President of CDS and CDCC
- Moderator: Kathleen Stephansen, Chair Emeritus, Global Interdependence Center
Closing Remarks
- Lisa McIntire-Shaw, Founding Partner of Cygnus Asset Management, LLC and GIC Vice Chair of Programs
- David Schumacher, Associate Professor of Finance, Desautels Faculty Scholar, Director, Desmarais Global Finance Research Center, Desautels Faculty of Management, McGill University
Sponsors:
