Discussions

Introductions:

The Economics of Digital Currencies: Progress and Open Questions, with Jonathan Chiu, Journal of Economic Dynamics and Control, Vol. 142 (2022), article 104496.

Introduction to the JEDC special issue: The Economics of Digital Currencies.

Introduction to the Symposium, with Gabriele Camera, Annals of Finance, Vol. 9 (2013) 1-4.

Introduction to the AF special issue: Symposium on Payments Systems.

Conference and other discussions:

Discussion of: "Deposit Insurance, Bank Regulation, and Narrow Banking" by Williamson, Conference on Rethinking Optimal Deposit Insurance, Yale University, April 19, 2024.

Discussion of: "CBDC and Financial Stability" by Ahnert, Hoffman, Leonello and Porcellacchia, 2nd Conference of the Economics of Central Bank Digital Currencies, Sveriges Riksbank, November 17, 2023.

Discussion of: "The Coming Battle of Digital Currencies" by Cong and Mayer, BEAR Research Conference, Bank of England, February 27, 2023. [video link]

Comments on "Digital Money and Finance: What's New?" Webinar hosted by CEPR Research Policy Network on Fintech & Digital Currencies, SUERF, and CB&DC, October 6, 2022. [video link]

Discussion of: "Open Banking Under Maturity Transformation" by Goldstein, Huang and Yang, Third New York Fed Conference on FinTech, September 23, 2022.

Discussion of: "Technological Changes and Central Banking" by Andolfatto, Bank of Korea International Conference (virtual), June 2-3, 2022.

Discussion of: "Golden Fetters and Paper Fetters" by Bordo, Levin & Sinha, CB&DC Virtual Seminar Series; October 29, 2021.

Discussion of: "The Financial Origins of the Rise and Fall of American Inflation" by Drechsler, Savov & Schnabl, CESifo Area Conference; Macro, Money, and International Finance group (virtual), July 23, 2021.

Discussion of: "Bank Runs, Financial Fragility, and Credit Easing" by Amador and Bianchi, NBER Summer Institute; Macro, Money and Financial Markets group (virtual), July 14, 2021.

Discussion of: "A Unified Framework for CBDC Design: Remuneration, Collateral Haircuts and Quantity Constraints" by Assenmacher, Berentsen, Brand & Lamersdorf, SNB-CIF Conference on Cryptoassets and Financial Innovation (virtual), May 20, 2021.

Discussion of: "Taxing Bank Leverage: The Effects on Bank Portfolio Allocation" by Celerier, Kick & Ongena, 4th Bank of Canada FSRC Macro-Finance Conference (virtual), May 17, 2021.

Discussion of: "Central Bank Digital Currency: Welfare and Policy Implications" by Williamson, Philadelphia Digital Currencies Conference (virtual), October 16, 2020.

Discussion of: "Dynamic Runs and Optimal Termination" by Zhong & Zhou, European Finance Association Annual Meeting, Aalto University (virtual), August 20, 2020.

Discussion of: "Central Bank Digital Currencies: Design Principles and Balance Sheet Implications" by Kumhof & Noone, 1st Conference on the Economics of Central Bank Digital Currencies, Bank of Canada, October 18, 2019.

Discussion of: "Designing Central Bank Digital Currencies" by Agur, Ari & Dell'Ariccia, 2nd IMF Annual Macro-Financial Research Conference, International Monetary Fund, April 25, 2019.

Discussion of: "A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow" by Afonso, Armenter & Lester, Review of Economic Dynamics Conference on Fragmented Financial Markets, Federal Reserve Bank of Philadelphia, April 26, 2018.

Discussion of: "Mobile Collateral Versus Immobile Collateral" by Gorton & Muir, "Day-ahead" Conference on Financial Markets and Institutions, Federal Reserve Bank of Philadelphia, January 4, 2018.

Discussion of: "Money Runs" by Donaldson & Piacentino, 6th Wharton Conference on Liquidity and Financial Crises, October 13-14, 2017.

Discussion of: "The Effects of Monetary Policy and Other Announcements" by Gu, Han & Wright, 4th ITAM-PIER Conference on Macroeconomics, Univ. of Pennsylvania, August 24, 2017.

Discussion of: "Bailouts, Moral Hazard, and Banks' Home Bias for Sovereign Debt" by Gaballo & Zetlin-Jones, Conference on Innovations in Central Banking, Federal Reserve Bank of St. Louis, September 23, 2016.

Discussion of: "Payments, Credit and Asset Prices" by Piazzesi & Schneider, Conference on Monetary Policy with Heterogeneous Agents, Paris School of Economics, June 28, 2016.

Discussion of: "How Should Central Banks Steer Money Market Interest Rates?" by Papadia, FRBNY/SIPA Workshop on Implementing Monetary Policy Post-Crisis: What have we learned? What do we need to know?, Columbia University, May 4, 2016.

Discussion of: "Optimal Debt Restructuring and Lending Policy in a Monetary Union" by Dogra, 1st Fordham Univ. Workshop on Macroeconomics and International Finance, April 29, 2016.

Discussion of: "Open Market Operations" by Rocheteau, Wright & Xiao, 2nd ITAM-PIER Conference on Macroeconomics, Univ. of Pennsylvania, August 22, 2015.

Discussion of: "Liquidity Trap and Excessive Leverage" by Korinek & Simsek, NYU Stern-CGEB Macrofinance Conference, November 7, 2014.

Discussion of: "Trading on Sunspots" by Jovanovic & Tsyrennikov, 3rd Wharton Conference on Liquidity and Financial Crises, October 10-11, 2014.

Discussion of: "Who Borrows from the Lender of Last Resort" by Drechsler, Drechsel, Marquez-Ibanez & Schnabl, 2nd Wharton Conference on Liquidity and Financial Crises, October 11-12, 2013.

Discussion of: "Financial Risk Capacity" by Saki Bigio, ITAM Summer Camp in Macroeconomics, August 23-24, 2012.

Discussion of: "Limiting Global Financial Instability with Limited Purpose Banking" by Larry Kotlikoff, Conference on Monetary Policy in a Global Setting: China and the United States, School of Economics and Management, Tsinghua University, Beijing, March 26-28, 2012.

Discussion of: "Collateral Crises" by Gorton & Ordonez, Conference on Monetary Economics to Honor the Contributions of Warren Weber, Federal Reserve Bank of Atlanta, February 17-18, 2012.

Discussion of: "High Interest Rates: The Golden Rule for Bank Stability in the Diamond-Dybvig Model" by Bertolai & Cavalcanti, 3rd Annual Conference on Money, Banking and Asset Markets, University of Wisconsin School of Business, November 11-12, 2011.

Discussion of: "Liquidity Hoarding" by Gale & Yorulmazer, Economics Alumni Conference, New York University, June 3-4, 2011.

Discussion of: "Repo Runs" by Martin, Skeie & von Thadden, New York Area Workshop on Monetary Policy, Federal Reserve Bank of New York, November 12, 2010.

Discussion of: "Trade Dynamics in the Market for Federal Funds" by Afonso & Lagos, 2nd Annual Conference on Money, Banking and Asset Markets, University of Wisconsin School of Business, November 5-6, 2010.

Discussion of: "Policy at the Zero Bound" by Correia, Fahri, Nicolini & Teles, ITAM Summer Camp in Macroeconomics, August 26-27, 2010.

Discussion of: "Diversification Disasters" by Ibragimov, Jaffee & Walden, Financial Intermediation Research Society Conference, June 7-9, 2010.

Discussion of: "Competition and Stability in Banking" by Vives, 13th Annual Conference of the Central Bank of Chile, November 19-20, 2009.

Discussion of: "The Emergence and Future of Central Counterparties" by Koeppl & Monnet, Bank of Canada Workshop on Payments Systems, Collateral, and Liquidity, September 11-12, 2009.

Discussion of: "Rollover Risk and Market Freezes" by Acharya, Gale & Yorulmazer, Bank of Korea International Conference, June 2-3, 2009.

Discussion of: "A Model of a Systemic Bank Run" by Uhlig, Carnegie-Rochester Conference on Public Policy, April 17-18, 2009.

Discussion of: "Banks, Liquidity Insurance, and Interest on Reserves in a Matching Model of Money" by Bencivenga & Camera, Conference on Liquidity in Frictional Markets, Federal Reserve Bank of Cleveland, November 14-15, 2008.

Discussion of: "Elastic Money, Inflation, and Interest Rate Policy" by Head & Qui, Conference on Money, Credit and Policy, Washington University in St. Louis, May 23-24, 2008.

Discussion of: "Inflation and Unemployment in General Equilibrium" by Rocheteau, Rupert, and Wright, New York/Philadelphia Workshop on Quantitative Macroeconomics, May 14, 2007.

Published discussions:

Discussion of: "Banking in a Matching Model of Money and Capital" by V. Bencivenga & G. Camera, Journal of Money, Credit and Banking, Supplement to Vol. 43 (2011) 477-485.

Comment on: "A model of a systemic bank run" by Harald Uhlig, Journal of Monetary Economics, Vol. 57, No. 1: Carnegie-Rochester Conference Series on Public Policy (2010) 97-100.