14: Future of Finance: Tokenization of Money & Finance - Why Is It a Big Deal?

This episode of “A look into the Crystal Ball on the Future of Finance,” features Dong He, Deputy Director, Monetary & Capital Markets Department at the IMF , and Stuart Mackintosh, Executive Director of THE GROUP OF 30. Join us in learning what makes tokenization of central bank money (CBDC) special. How will it change the landscape of financial markets, cross-border payments and capital flows? How can we fully reap the benefits of tokenization and avoid the pitfalls/risks? Dong He, Deputy Director of the Monetary and Capital Markets Department (MCM), INTERNATIONAL MONETARY FUND Dong has oversight responsibility for MCM’s work on digital currencies and fintech. He joined MCM in October 2014 and led MCM’s work on global financial stability analysis, monetary and macroprudential policies, and technical assistance on central bank operations. Dong holds a doctorate in economics from the University of Cambridge. He started his career in 1993 when he joined the World Bank through the Young Professionals Program. He was a staff member of the World Bank during 1993-1998, of the IMF during 1998-2004, and of the Hong Kong Monetary Authority (HKMA) during 2004-2014. At the HKMA, he was Executive Director responsible for directing research and policy advice on issues relating to the maintenance of monetary and financial stability and the development of financial markets. He was also Director of the Hong Kong Institute for Monetary Research. Dong has been an active member of the global central banking community and a regular participant in international meetings of central banks and regulatory agencies. He has published extensively on macroeconomic and financial market issues. Dr. Stuart P. M. Mackintosh, Executive Director, GROUP OF 30 Stuart P.M. Mackintosh is the Executive Director of the Group of Thirty an international financial think tank comprised senior figures from central banking, the financial sector, and academia.  His research focus centers on climate change, macroeconomic and systemic risks, global governance issues, and the international political economy. Dr. Mackintosh has served as President of the National Association for Business Economics (NABE), the largest professional organization of economists in the United States. He is an elected member of the Conference of Business Economists, comprised of the leading economists in North America. He is a certified Business Economist. Dr. Mackintosh has a B.A. and Ph.D. from Newcastle University and a M.Sc. from the University of Edinburgh. In 2018 Dr. Mackintosh was appointed a non-resident Visiting Fellow at Newcastle University. Thanks for listening! Please be sure to check us out at www.eaccny.com or email membership@eaccny.com to learn more!