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Resources – Tertiary Debate Competition 2018

List of Reading Materials and Reference Documents


Core Topic – Cryptoassets

  1. Crypto-asset markets-Potential channels for future financial stability implications
  2. Crypto-assets-Report to the G20 on Work by the FSB and standard-setting bodies
  3. Guidance-Regulation-of-Crypto-Asset-Activities-in-ADGM
  4. House of Commons-Treasury Committee- Crypto-assets
  5. Taking Caution-Financial Consumers and the Cryptoasset Sector


Core Topic – Fintech

  1. Disaggregating Fintech Brighter Shades-of-Disruption
  2. Closing-the-gap-Encouraging fintech in Canada
  3. FinTech credit-Market Structure- business models and financial stability implications
  4. FSB-Financial Stability Implications from Fintech Supervisory and Regulatory Issues that Merit Authorities’ Attention
  5. Getting the Deal through Fintech 2017
  6. Harnessing the Fintech Revolution-How Digital Innovations are Revitalizing MSME Finance in Latin America and the Caribbean
  7. IOSCO Research Report on Financial Technologies (Fintech)
  8. K Ramsoobhal and E Bood FinTech Development Sandboxing v5
  9. The-Pulse-of-Fintech-Q2-Report
  10. UK_FinTech_-_On_the_cutting_edge_-_Full_Report-An evaluation of the int’l fintech sector


Core Topic – Online Trading

  1. Canadian Securities Regulation of Online Lending Platforms – BAX Securities Law™
  2. CGFS Papers No 55-Fixed Income market liquidity
  3. The implications of electronic trading in financial mkts
  4. Drivers of Corporate Bond Mkt Liquidity in the EU
  5. ETP_Background_Note-Electronic Trading Platforms in Govt Securities Mkts
  6. Liquidity-in-Emerging-Markets-Exchanges-
  7. PWC-banking-global-financial-markets
  8. Securities Trading on the Internet-SEC Regulation of Internet Broker-Dealers and ATS
  9. Impact of Electronic Trading Platforms on Brokered Interdealer Mkt fo C’da Govt Bonds
  10. Pricing-liquidity-in-electronic-markets
  11. Alternative Trading Systems-Solving the liquidity and pricing transparency problems


Core Topic –Digital Currencies

(Following web links & resources provided by the Central Bank of T&T)

  1. Ahmat, Nurjannah, and Sabrina Bashir. “Central Bank Digital Currency: A Monetary Policy Perspective.” Bank Negara Malaysia. 2017. http://www.bnm.gov.my/index.php?ch=en_publication&pg=en_staffinsight&ac=45&bb=file


  1. Bank for International Settlements. Central bank digital currencies. Paper, Bank for International Settlements, 2018.


  1. —. “Digital currencies.” BIS. November 2015. https://www.bis.org/cpmi/publ/d137.pdf


  1. Bank of International Settlements. “The role of central bank money in payment systems.” BIS. 2003. https://www.bis.org/cpmi/publ/d55.pdf


  1. Barrdear, John, and Michael Kumhof. “The macroeconomics of central bank issued digital currencies.” Bank of England. July 2016.



  1. Bech, Morton, and Rodney Garatt. “Central Bank Cryptocurrencies.” BIS Quarterly Review, September 2017: 55 – 70.


  1. Bjerg, Ole. Designing New Money – The Policy Trilemma of Central Bank Digital Currency. CBS Working Paper, Department of Management, Politics and Philosophy, Copenhagen Business School, 2017.


  1. Bordo, Michael, and Andrew Levin. Central Bank Digital Currency and the Future of Monetary Policy. September 2017. https://voxeu.org/article/benefits-central-bank-digital-currency


  1. ECCB to Embark on Digital Currency Pilot with Bitt. March 13, 2018. http://www.caribbean360.com/news/eccb-to-embark-on-digital-currency-pilot-with-bitt


  1. Committee on Payments and Market Infrastructures. “Digital Currencies.” Bank for International Settlements. November 2015. https://www.bis.org/cpmi/publ/d137.pdf


  1. Cox, Jeff. Federal Reserve starting to think about its own digital currency, Dudley says. November 2017, 2017. https://www.cnbc.com/2017/11/29/federal-reserve-starting-to-think-about-its-own-digital-currency-dudley-says.html


  1. Danmarks Nationalbank. “Central Bank Digital Currency in Denmark?” National Bank. December 2017. https://www.nationalbanken.dk/en/publications/Documents/2017/12/Analysis%20-%20Central%20bank%20digital%20currency%20in%20Denmark.pdf


  1. Dyson, Ben, and Graham Hodgson. Digital Cash: Why Central Banks Should Start Issuing Electronic Money. January 2016. http://positivemoney.org/wp-content/uploads/2016/01/Digital_Cash_WebPrintReady_20160113.pdf


  1. Engert, Walter, and Ben S. C. Fung. Central Bank Digital Currency: Motivations and Implications. Staff Discussion Paper, Bank of Canada, 2017.


  1. Fung, Ben S. C., and Hanna Halaburda. Central Bank Digital Currencies: A Framework for Assessing Why and How. Staff Discussion Paper, Bank of Canada, 2016.


  1. Grym, Aleksi, Päivi Heikkinen, Karlo Kauko, and Kari Takala. “Central bank digital currency.” Bank of Finland. May 2017. https://helda.helsinki.fi/bof/bitstream/handle/123456789/14952/BoFER_5_2017.pdf?sequence=1


  1. Huillet, Marie. R3 Researcher Predicts Central Bank Digital Currency Will Kick Off In 2018. April 2018. https://cointelegraph.com/news/r3-researcher-predicts-central-bank-digital-currency-will-kick-off-in-2018


  1. International Monetary Fund. “Virtual Currencies and Beyond: Initial Considerations.” IMF. January 2016. https://www.imf.org/external/pubs/ft/sdn/2016/sdn1603.pdf


  1. Ketterer, Juan Antonio, and Gabriela Andrade. “Digital Central Bank Money and the Unbundling of the Banking Function.” April 2016. https://publications.iadb.org/bitstream/handle/11319/7587/Digital-Central-Bank-Money-and-the-Unbundling-of-the-Banking-Function.pdf?sequence=1


  1. Prasad, Eswar. Central Banking in a Digital Age:Stock-Taking and Preliminary Taking Thoughts. Working Paper, Hutchins Center on Fiscal and Monetary Policy, 2018.


  1. Scorer, Simon. Beyond blockchain: what are the technology requirements for a Central Bank Digital Currency? September 2017. https://bankunderground.co.uk/2017/09/13/beyond-blockchain-what-are-the-technology-requirements-for-a-central-bank-digital-currency/


  1. Wilkins, Carolyn A. “Canada explores digital currency: Fintech collaboration vital to unlock promise.” Global Public Investor 2017, 2017.



  1. —. “The Payment System in Trinidad and Tobago.” Central Bank. 2009. https://www.central-bank.org.tt/sites/default/files/page-file-uploads/The%20Payments%20System%20In%20Trinidad%20%26%20Tobago.pdf


  1. —. “Understanding and Usage of Payment Options by Businesses in Trinidad and Tobago.” March 2010. https://www.central-bank.org.tt/psc/Publications/Business_Survey_Report_Understanding_And_%20Usage_of_Payment_Opt_by_Bus_in_Trindad_and_Tobago.pdf


  1. —. Principles for Financial Market Infrastructures. 2012. https://www.bis.org/cpmi/info_pfmi.htm


  1. Abel, Sanderson. Advantages and Disadvantages of Financial Innovation. 2015. http://baz.org.zw/consumer-centre/education-centre/advantages-and-disadvantages-financial-innovation


  1. Capgemini, World Fintech Report, 2018 https://www.capgemini.com/wp-content/uploads/2018/02/world-fintech-report-wftr-2018.pdf


  1. Capgemini, World Fintech Report, 2017https://www.marsdd.com/wp-content/uploads/2015/02/CapGemini-World-FinTech-Report-2017.pdf


  1. Central Bank of Trinidad and Tobago. “Payment Systems Quarterly Bulletin.” 2013.


  1. Central Bank of Trinidad and Tobago. 2015 Financial Stability Report. Financial Stability, Port-of-Spain: Central Bank of Trinidad and Tobago, 2016.


  1. Central Bank of Trinidad and Tobago. 2017 Financial Stability Report. Financial Stability, Port-of-Spain: Central Bank of Trinidad and Tobago, 2018.


  1. Chapter V – BIS Annual Economic Report 2018, Cryptocurrencies: looking beyond the hype https://www.bis.org/publ/arpdf/ar2018e5.pdf


  1. Clark, Grant, and Lulu Yilun Chen. How China’s Stifling Bitcoin and Cryptocurrencies: QuickTake. February 27, 2018. https://www.washingtonpost.com/business/how-chinas-stifling-bitcoin-and-cryptocurrencies-quicktake/2018/02/27/5c861f14-1c16-11e8-98f5-ceecfa8741b6_story.html?utm_term=.20b66bb68430


  1. Crypto-assets, Report to the G20 on work by the FSB and standard-setting bodies (2018) http://www.fsb.org/wp-content/uploads/P160718-1.pdf


  1. Das, Samburaj. Bitt Launches the Blockchain Barbadian Digital Dollar. February 25, 2016. https://www.ccn.com/bitt-launches-the-blockchain-barbadian-digital-dollar/


  1. European Central Bank, 2015, Virtual currency schemes – a further analysis https://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemesen.pdf


  1. Fernández de Lis, Santiago. “A New Challenge for Banking.” Banco Bilbao Vizcaya Argentaria. 2017. https://www.bbvaresearch.com/wp-content/uploads/2017/11/SFL-201711-CBDC-LACEA.pdf


  1. Financial Action Task Force. “Virtual Currencies Key Definitions and Potential AML/CFT Risks.” FATF. June 2014. http://www.fatf-gafi.org/media/fatf/documents/reports/Virtual-currency-key-definitions-and-potential-aml-cft-risks.pdf


  1. Financial Services Agency, Japan , Speech by Ryozo Himino, Vice minister for international affairs, FinTech, the future of society and regulation, 2018 https://www.fsa.go.jp/common/conference/danwa/20180903/enfintech.pdf


  1. Government of Montserrat looks to digital currency to boost financial inclusion. February 22, 2018. https://www.finextra.com/pressarticle/72740/government-of-montserrat-looks-to-digital-currency-to-boost-financial-inclusion


  1. Fujioka, Toru, and Masahiro Hidaka. Japan’s Central Bank Sees No Need to Mint a Digital Currency. January 28, 2018. https://www.bloomberg.com/news/articles/2018-01-28/japanese-don-t-need-digital-currency-as-they-love-cash-boj-says


  1. Global Partnership for Financial Inclusion. G20 High-Level Principles for Digital Financial Inclusion. Report, GPFI, 2016.


  1. He, Dong. “Fintech and Cross-Border Payments.” Ripple – Central Bank Summit. Carnegie Hall, New York: International Monetary Fund, 2017.


  1. Higgins, Stan. Bank of Russia: ‘It’s Time to Develop National Cryptocurrencies’. June 2, 2017. https://www.coindesk.com/bank-russia-time-develop-national-cryptocurrencies/


  1. Ingves, Stefan. Do we need an e-krona? Sveriges Riksbank, 2017.


  1. International Monetary Fund (IMF), Monetary Policy in the Digital Age – Crypto Assets may one day reduce demand for central bank money, June 2018 https://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.pdf


  1. Jordan, Thomas J. “How money is created by the central bank and the banking system.” BIS. January 2018. https://www.bis.org/review/r180118c.pdf


  1. La Hora. Banco Central del Ecuador desactivará cuentas del dinero electrónico. March 18, 2018. https://lahora.com.ec/imbabura/noticia/1102143212/banco-central-del-ecuador-desactivara-cuentas-del-dinero-electronico


  1. Lee, Jamie. Singapore wary of issuing digital currencies to public: MAS chief Ravi Menon. January 15, 2018. http://www.straitstimes.com/business/companies-markets/singapore-wary-of-issuing-digital-currencies-to-public-mas-chief


  1. Lervik, Frode. The world’s first central bank operated mobile payments platform – Ecuador’s revolutionary scheme. n.d. https://www.paconsulting.com/insights/the-worlds-first-central-bank-operated-mobile-payments-platform-ecuadors-revolutionary-scheme/


  1. Looper, Christian de. Ecuador Is The First Country To Use A Public Digital Currency System. August 10, 2015. http://www.techtimes.com/articles/75609/20150810/ecuador-first-country-use-public-digital-currency-system.htm


  1. Monetary Policy of Singapore. Project Ubin: Central Bank Digital Money using Distributed Ledger Technology. 2018. http://www.mas.gov.sg/Singapore-Financial-Centre/Smart-Financial-Centre/Project-Ubin.aspx


  1. Nakaso, Hiroshi . “Central Bank Policy on Financial Market Infrastructure.” Conference on Retail Payments. Bank of Japan, 2016.


  1. Powell, H. Jerome. “Innovation, Technology, and the Payments System.” At Blockchain: The Future of Finance and Capital Markets? Washington, DC: Board of Governors of the Federal Reserve System, 2017.


  1. Republic of Estonia. E-Residency. 2018. https://e-resident.gov.ee/


  1. Rogoff, Kenneth S. Costs and Benefits to Phasing Out Paper Currency. Working Paper 20126, Cambridge: National Bureau of Economic Research, 2014.


  1. Segendorf, Björn. “Motivations, drivers and obstacles: Highlights from the Swedish e-krona project.” Monetary Law Forum Switzerland. November 2017. http://www.swissmlf.ch/wp-content/uploads/2017/10/Segendorff.pdf


  1. Telecommunications Authority of Trinidad and Tobago. Quarterly Market Update – Q3 2017. Market Report, San Juan: TATT, 2018.


  1. The Law Library of Congress, Global Legal Research Center, Regulation of Cryptocurrency Around the World, June 2018 http://www.loc.gov/law/help/cryptocurrency/cryptocurrency-world-survey.pdf


  1. Tian, Chuan. China’s Central Bank Opens New Digital Currency Research Institute. June 30, 2017. https://www.coindesk.com/chinas-central-bank-opens-new-digital-currency-research-institute/


  1. China Working on a Digital Currency Electronic Payment, DCEP. March 9, 2018. https://www.trustnodes.com/2018/03/09/china-working-digital-currency-electronic-payment-dcep


  1. World Bank Group. Financial Inclusion. 2018. http://www.worldbank.org/en/topic/financialinclusion



Note: this is a suggested list of reading materials and research provided to you by the TTSEC & other stakeholders for preparation of your particular debate topics. Feel free to do your own additional research to complement and build your respective arguments.

Good luck!