Call for academic papers

Submission Deadline: February 26, 2021
Conference, June 15-17, 2021
Venue: Bogota, Colombia1



Payment systems and financial market infrastructures (FMI) are rapidly evolving and presenting new opportunities and challenges for emerging economies. In fact, innovation and new technologies call for strengthening these FMI and consolidate them as a more safe and efficient backbone for the financial system. While recent developments may boost financial inclusion, they also pose pressing questions on public policy to unlock such opportunities and contain the risks that may arise. Issues that may deserve more attention from central banks are, but not limited, to the following: public versus private provision of FMI; the impact of Fintech, digital currencies and other payments and FMI innovations; and monitoring and risk management, among others.

CEMLA and Banco de la República (BR) -the Central Bank of Colombia - invite researchers from academia, central banks, and other public and private institutions from Latin America and the Caribbean and abroad, to participate in our joint Conference and contribute to the discussion on these developments.

The Conference will include keynote, policy and academic sessions.


We encourage the submission of work related, but not exclusive, to the following topics:

  • Developments in retail payments and policy implications: Fintechs, fast or instant payments, central bank digital currencies (CBDC), and public provision of retail payment services.
  • Developments in wholesale payment systems and financial market infrastructures (FMI): liquidity, settlement and risks management.
  • Payments regulation: cybersecurity, interchange fees, accessibility and interoperability, regulatory sandbox, new payment service providers.
  • Cash and cashless payments: physical and digital cash, electronic payments, CBDC, and their potential impact on monetary policy and financial stability.
  • New technologies in FMI: use of DLT and other distributed consensus protocols, machine learning, artificial intelligence.
  • Novel usages of FMI datasets in financial stability, monetary policy, financial supervision, oversight and regulation.


Submission and dates

Preference will be given to completed papers, but summaries and extended abstracts will also be considered. Papers should be submitted to:

  • February 26, 2021: Submission deadline
  • April 15, 2021: Decision results
  • Final papers, after review, should be submitted by May 28, 2021.

In case of a physical event, travel and accommodation costs of authors for accepted papers will be borne by the applicant institutions.

Keynote speakers

  • James McAndrews, TNB, Wharton Financial Institutions Center
  • Rodney Garrat, University of California Santa Barbara


Program Committee

  • Andres Velasco, Banco de la República
  • Carlos Arango, Banco de la República
  • Serafín Martinez, Center for Latin American Monetary Studies
  • Raúl Morales, Center for Latin American Monetary Studies
  • Tara Rice, Committee on Payments and Market Infrastructures
  • Morten Bech, Bank for International Settlements
  • Jean-Charles Rochet, University of Geneva
  • Rodney Garratt, University of California Santa Barbara
  • James McAndrews, TNB, Wharton Financial Institutions Center
  • Biliana Alexandrova, Banco de México
  • Ronald Heijmans, De Nederlandsche Bank
  • Kim Huynh, Bank of Canada
  • Francisco Rivadeneyra, Bank of Canada
  • Paolo Barucca, University College London
  • Juan Ayuso, Banco de España
  • Martin Diehl, Deutsche Bundesbank



Authors of selected papers will be invited to participate in a special issue hosted at the Latin American Journal of Central Banking.



1CEMLA 2021 activities involing traveling are subject to change due to the COVID-19.