24th Annual Financial Markets Conference - Mapping the Financial Frontier: What Does the Next Decade Hold? - May 19–21, 2019
|Omni Hotel, Amelia Island, Florida|
|Sunday, May 19|
Keynote speech and dinner
Simon Johnson, Professor of Entrepreneurship, Massachusetts Institute of Technology
|Monday, May 20|
Raphael Bostic, President and Chief Executive Officer, Federal Reserve Bank of Atlanta
|9:00||Policy Session 1: Will Blockchains Lead Us to a Trustless World?
Some have promoted blockchain technology as a new type of database that will eliminate the need for banks and other trusted third parties. What is blockchain technology? What are its advantages and limitations? How is it being used in practice?
Presenter: David Yermack, Professor of Finance and Business Transformation, New York University Stern School of Business
Discussant: Martin Walker, Director of Banking and Finance, Center for Evidence-Based Management
Discussant: Keith Pritchard, Director, JDX Consulting
Moderator: Warren Weber, Visiting Scholar, Federal Reserve Bank of Atlanta
|11:00||Research Session 1: The Economic Limits of Bitcoin and the Blockchain
Presenter: Eric Budish, Professor of Economics, University of Chicago Booth School of Business
Discussant: David Andolfatto, Senior Vice President, Federal Reserve Bank of St. Louis
Moderator: Larry Wall, Executive Director, Center for Financial Innovation and Stability, Federal Reserve Bank of Atlanta
Research Session 2: Nonrivalry and the Economics of Data
|3:00||Policy Session 2: How Do We Navigate between Under- And Over-Regulation of Data?
Advances in our ability to obtain and analyze data are facilitating better decision making in a variety of areas but also reducing individuals' privacy. What are the tradeoffs associated with alternative allocations of property rights over these data?
Panelist/presenter: Alessandro Acquisti, Professor of Information Technology and Public Policy, Heinz College at Carnegie Mellon University
Panelist: Tara Sinclair, Senior Fellow, Indeed
Panelist: James Stoker, Director, Analytics Innovation, SunTrust
Moderator: Douglas J. Elliott, Partner, Finance & Risk/Public Policy Practice, Oliver Wyman
|7:00||Keynote speech and dinner
Jerome Powell, Chairman, Federal Reserve Board of Governors
|Tuesday, May 21|
Donald Layton, Chief Executive Officer, Freddie Mac
Moderator: Raphael Bostic
|8:45||Policy Session 3: How Has the Housing Finance System Evolved since the Crisis and Where Is It Headed?
The housing finance system has continued to evolve since the crisis, even with the government-sponsored enterprises in conservatorship. What are the more important changes, and how will they affect the future of housing finance?
Panelist: Michael Bright, President and Chief Executive Officer, Structured Finance Industry Group Inc.
Panelist: Andrew Davidson, President, Andrew Davidson & Co.
Panelist: Mark Zandi, Chief Economist, Moody's Analytics
Moderator: W. Scott Frame, Financial Economist and Senior Adviser, Federal Reserve Bank of Atlanta
|10:45||Policy Session 4: As We Move on from a Fed Balance Sheet Enlarged by QE, How Will Monetary Policy Be Implemented?
For the last decade, the Fed has relied on large-scale asset purchases (such as QE) and interest on reserves to provide the appropriate level of monetary accommodation. As the need for that accommodation is relaxed, how will policy be implemented, and what does that implementation mean for markets?
Panelist: Charles Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Panelist: Ethan Harris, Managing Director and Head of North America Economics, BofA Merrill Lynch
Panelist: Kevin Warsh, Distinguished Visiting Fellow, Stanford University's Hoover Institution
Moderator: Julia Coronado, President and Founder, MacroPolicy Perspectives
|12:15 p.m.||Closing remarks
Dave Altig, Executive Vice President and Director of Research, Federal Reserve Bank of Atlanta
Paula Tkac, Senior Vice President and Associate Research Director, Federal Reserve Bank of Atlanta