Philly Fed Event to Explore Blockchain’s Impact on Financial Stability
The Federal Reserve Bank of Philadelphia is hosting an event later this month that will explore the impact of blockchain on financial stability.
The US central bank branch is co-organizing the event, which will be held on September 28–29 with the Journal of Economics and Business. The segment on blockchain and cryptocurrencies is scheduled for the latter part of the first day, beginning with a session on “Bitcoin, Blockchain, and Cryptocurrencies” that will feature Jim Cunha, senior vice president of the Federal Reserve Bank of Boston, and William Nelson, executive managing director of The Clearing House.
Of note is that blockchain’s impact on financial stability is a subject that has been raised by other central banks in the past, including by representatives to the Financial Stability Board (FSB), which counts a number of central bank leaders among its membership.
Still, in the introduction to the event’s agenda, the question of what that impact might entail is acknowledged as an open one.
The Philly Fed wrote:
“…blockchain technology, which was initially used for bitcoin transactions, also has the potential to create a major disruption in the financial landscape. Moreover, many countries (including Sweden, Korea, and China) have explored their own digital currencies. It remains unclear whether this sector will continue to grow (since it has not yet gone through the entire economic cycle) and what impact it will have on monetary policy and financial stability overall.”
The event is set to include presentations on four research papers, covering topics such as “The Law of One Bitcoin Price?” and “Blockchain Disruption and Smart Contracts,” among others.
Image Credit: Roman Babakin / Shutterstock.com
You may be interested
PR: Changelly Partners with Coinomi walletbtcethereumadmin - September 19, 2017
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com…
Pirate Bay Founder’s ‘Njalla’ Offers Anonymous Domain Registration for Bitcoinbtcethereumadmin - September 19, 2017
Just recently the founder of the notorious torrent website the Pirate Bay launched a new privacy-centric domain registration service called…
How Finland is Using Blockchain Technology to Help Unbanked Asylum Seekersbtcethereumadmin - September 19, 2017
Nations around the world are witnessing an influx in refugee numbers. Yet, while countless individuals are keen to re-establish themselves…