Digital currencies and implications for emerging markets
Financial system risks are growing in parallel to the adoption of cryptoassets, making the International Monetary Fund’s mandate of safeguarding the stability of the international monetary and financial system ever more important. With emerging market economies at the highest risk of currency substitution and ‘cryptoisation’, the risk of losing monetary sovereignty, partly due to domestic demand for enhanced payment technologies, is growing. Tobias Adrian, financial counsellor and director of the IMF’s monetary and capital markets department, joins OMFIF to discuss efforts that would prevent destabilising capital flows, and globally coordinated regulatory measures for cryptoassets and central bank digital currencies.
Speaker:
Tobias Adrian, Financial Counselor and Director of Monetary and Capital Markets Department, International Monetary Fund
Timings:
14:00-15:00 (London)
09:00-10:00 (New York)
22:00-23:00 (Singapore)
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact folusho.olutosin@omfif.org directly for membership details or register your interest below and we’ll be in touch.
