Call for academic papers

Submission Deadline: 30 June, 2020
Conference, October 26 and 27, 2020
Venue: Bogota, Colombia
 

Background

Payment systems and financial market infrastructures (FMI) are rapidly evolving and presenting new opportunities and challenges for emerging economies. In effect, innovation and new technologies call to strengthen these financial infrastructures to consolidate them as a more efficient, secure and pertinent backbone for the financial system, and the economy. While recent developments may boost financial efficiency and inclusion, formalization of economic activity and social welfare, they also pose pressing questions on public policy related to the role of regulation 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 PFMI; the impact of Fintech, digital currencies and other payments and FMI innovations, and its implications for monetary policy and financial stability; and risk management, among others.

Banco de la República (BR) de Colombia -the Central Bank- and CEMLA would like to 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.

Topics

Papers on the following topics will be greatly appreciated, but papers on related issues will also be considered:

  • 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, and new payment service providers.
  • Cash and cashless: 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        
Papers should be submitted to: payments@cemla.org
Preference will be given to completed papers, but summaries and extended abstracts will also be considered.

  • 30 June, 2020: Submission deadline
  • 28 August, 2020: Decision results

Final papers, after review, should be submitted by 30 September. 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
  • Raúl Morales, CEMLA
  • Morten Bech, CPMI
  • 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

Publication

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