banquedefranceBanque de FranceelkeRPSSQ0Q07/19/2021 - 14:31Watch the keynote speech given by Robert M. Townsend - Elizabeth & James Killian Professor of Economics at the MIT. In an online intervention , Robert Townsend shares his thought about digital payments and central bank digital currencies along with lessons from economic theory and actual. The presentation was part of the conference « Money, Banking and Finance ». organized by La Banque de France, LEO, GDRE, La Fondation Banque de France et les Universités Paris-Dauphine et Panthéon-Sorbonne Paris I 02:37 - Introduction 05:30 - Outline of the talk 19:19 - US Repo Market : coordination failures and restrictions limiting liquidity 44:43 - Optimal Central Bank Intervention through CBDC 47:13 - Conclusions 49:07 - Discussion ------------------------- 🔹 Watch: "Predicting consumer default" - Keynote speech byStefania Albanesi - Professor of Economics at the University of Pittsburgh. 👉 https://youtu.be/B_lCSE4bkIo 🔹 37th Symposium on Money, Banking and Finance: https://www.banque-france.fr/en/37th-symposium-money-banking-and-finance-0 ------------------------- Welcome on our official YouTube channel! Find the latest news about the Banque de France on YouTube. Through speeches, conferences, job offers, economic & financial publications or educational videos, we invite you to dive into the daily life of a 200-year-old institution and discover its professions or missions. Wondering how does a Central Bank work? How are banknotes printed and put into circulation? Who decides the monetary policy? What are the growth forecasts for France?... Find all of your answers and more by subscribing to our YouTube channel: 👉https://www.youtube.com/channel/UC9XmrW90_qVGsRBZXk_K1AA?sub_confirmation=1 The Banque de France is an independent institution deliverying on 3 core missions: ▶️ Monetary strategy: helps define the monetary policy in the euro area and implement it in France. ▶️ Financial stability: oversees the financial sector. Responsible for strengthening regulations & monitoring risks while ensuring the smooth operation of payment systems and market infrastructures. ▶️ Services to the community: provides economic services to households and businesses in France (household over-indebtedness, company ratings, credit mediation, support, business surveys and diagnostics...). The Banque de France is a member of the Eurosystem, a federal system formed by the European Central Bank (ECB) and the national central banks of the euro area. Follow us on our social media at: 🐤 Twitter : https://twitter.com/banquedefrance 📱 Facebook : https://www.facebook.com/BanquedeFrance 💼 LinkedIn : https://www.linkedin.com/company/banque-de-france/ 📸 Instagram : https://www.instagram.com/banquedefrance/https://www.youtube.com/embed/elkeRPSSQ0Q