TRIO Conference on Digital Economy and Finance

Shin-ichi Fukuda, Joshua K. Hausman, and Kenichi Ueda, Organizers

March 4-5, 2023

Format: Speaker 25 minutes, discussant 15 minutes, floor discussion 10 minutes.

Saturday, March 4

Co-Hosted by the Center for Advanced Research in Finance and The Center for International Research on the Japanese Economy, The University of Tokyo

Session 1: Economic Impacts of Digitalization
Chair: Joshua Hausman, University of Michigan and NBER

2:00 pm

Ajay K. Agrawal, University of Toronto and NBER
Joshua S. Gans, University of Toronto and NBER
Avi Goldfarb, University of Toronto and NBER

Prediction Machines, Insurance and Protection: An Alternative Perspective of AI's Role in Production (slides)

Discussant:

Junichi Fujimoto, National Graduate Institute for Policy Studies

2:50 pm

Kozo Ueda, Waseda University

Effects of Bank Branch/ATM Consolidations on Cash Demand: Evidence from Bank Account Transaction Data in Japan (slides)

Discussant:

Takeshi Osada, Saitama University

3:30 pm

Break

Session 2: Macroeconomic Impacts of Cryptocurrency
Chair: Shin-ichi Fukuda, The University of Tokyo and TCER

3:50 pm

Darren Aiello, Brigham Young University
Scott Baker, Northwestern University and NBER
Tetyana Balyuk, Emory University
Marco Di Maggio, Harvard University and NBER
Mark J. Johnson, Brigham Young University
Jason Kotter, Brigham Young University
Emily Williams, Harvard University

Cryptocurrency Investing: Stimulus Checks and Inflation Expectations (slides) This paper will not be posted

Discussant:

Hibiki Ichiue, Keio University

4:30 pm

Taisei Kaizoji, International Christian University

The Intrinsic Value of Bitcoin and the Excessive Price Volatility

Discussant:

Kenichi Ueda, University of Tokyo, CEPR, and TCER

5:20 pm

Adjourn

6:00 pm

Dinner
Korakuen Hanten Restaurant
Korakuen Hall Bldg. 2F
1-3-61 Koraku, Bunkyo-ku, Tokyo 112-8562

Sunday, March 5

Session 3: Digital Money and the Role of Government
Chair: Kenichi Ueda, The University of Tokyo, CEPR, and TCER

10:00 am

Charles Kahn, University of Illinois at Urbana-Champaign
Manmohan Singh, International Monetary Fund
Jihad Alwazir, International Monetary Fund

Digital Money, Stablecoins, and Central Bank Operations (slides)

Discussant:

Shigenori Shiratsuka, Keio University

10:50 am

Matteo Aquilina, Bank for International Settlements
Jon Frost, Bank for International Settlements
Andreas Schrimpf, Bank for International Settlements

Tackling the Risks in Crypto: Choosing among Bans, Containment and Regulation

background paper

Discussant:

Hiroshi Fujiki, Chuo University

11:40 am

Conclude

Emergency Contact:
CIRJE Administrative Office (Kimiko Tanaka) cirje@e.u-tokyo.ac.jp