IMF Seminar: The Digital Money Revolution

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DATE: October 15, 2021

DAY: Friday

1:30 PM - 2:15 PM


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Digital finance innovations—central bank digital currencies, private eMoney, stable coins, or cryptoassets—may bring changes in the way we lead our lives. This seminar reviews the implications of this transformation for the international monetary system.

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IMF Seminar: The Digital Money Revolution


Panelist: Kristalina Georgieva

Kristalina Georgieva is the Managing Director of the International Monetary Fund (IMF). She is the first person from an emerging market economy to lead the IMF since its inception in 1944. Before joining the Fund, Ms. Georgieva was Chief Executive Officer of the World Bank and also served as Interim President for a time. Previously, she served at the European Commission as Vice President for Budget and Human Resources – and as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response. She was named “European of the Year” and “Commissioner of the Year” by European Voice for her leadership in the European Union’s humanitarian response to crises.

Panelist: Benoît Cœuré

Benoît Cœuré Benoît Cœuré was appointed Head of the BIS Innovation Hub in 2020. He is a member of the Bank's Executive Committee. Previously, he was a member of the ECB's Executive Board. From 2013 to 2019, he chaired the BIS's Committee on Payments and Market Infrastructures. Prior to joining the ECB, he served in various positions at the French Treasury and the French debt management office. Between 2007 and 2009, he was France's Assistant Secretary for Multilateral Affairs, Trade and Development, co-chair of the Paris Club, and G8 and G20 Finance Sous-Sherpa for France. From 2009 to 2011, he was Deputy Director General and Chief Economist at the French Treasury. Mr. Cœuré is a graduate of the École Polytechnique in Paris. He holds an advanced degree in Statistics and Economic Policy from the École nationale de la statistique et de l'administration économique (ENSAE), and a bachelor's degree in Japanese. He has authored articles and books on economic policy, the international monetary system and the economics of European integration.

Panelist: Eswar Prasad

Eswar Prasad

Eswar Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He is a former head of the IMF’s China Division.

Prasad’s latest book is The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (Harvard University Press, 2021). He is also the author ofGaining Currency: The Rise of the Renminbi (Oxford, 2016) andThe Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance (Princeton, 2014). Prasad has testified before the Senate Finance Committee, the House of Representatives Committee on Financial Services, and the U.S.-China Economic and Security Review Commission. He is the creator of the Brookings-Financial Times world economy index (TIGER: Tracking Indices for the Global Economic Recovery). His op-ed articles have appeared in theFinancial Times, Foreign Policy, Harvard Business Review, International Herald Tribune, New York Times, Wall Street Journal, andWashington Post.

Moderator: Martin Wolf

Martin Wolf is Associate Editor and Chief Economics Commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 for services to financial journalism. Mr Wolf won the Overseas Press Club of America’s prize for “best commentary on international news in any medium” for 2013 and the 2019 Lifetime Achievement Award at the Gerald Loeb Awards. He was a member of the UK’s Independent Commission on Banking in 2010-11 His most recent publication is The Crisis of Democratic Capitalism (London and New York: Allen Lane, 2023).