Gillmore Centre - Academic Conference 2023
Warwick Business School Gillmore Centre Conference
DeFi & Digital Currencies - The Shard. London 27 & 28 October 2023
The conference will bring together an international group of leading scholars conducting innovative theoretical and empirical research on DeFi and digital currencies. Sessions include Liquidity on DEX and AMM, Digital Money, Settlement and AMM design, CBDC, yield farming and Decentralized Governance. The conference will continue to build on the growing Gillmore Centre research community and stimulate debate and future research on emerging financial technologies, practices, and regulation.
Organised by Olga Klein, Roman Kozhan, David Skeie, Ruslan Sverchkov and Ganesh Viswanath-Natraj
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Agenda Friday 27 October - recording link hereLink opens in a new window |
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09.20 - 09.30 |
Welcome and opening remarks - David Skeie (WBS Gillmore Centre) |
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Session 1 |
Liquidity on DEX and AMM Session Chair: Olga Klein (WBS Gillmore Centre) |
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09:30 – 10.15 |
“Liquidity fragmentation on decentralized exchanges” Marius Zoican (University of Toronto) with Alfred Lehar (University of Calgary) and Christine A. Parlour (UC Berkeley) PresentationLink opens in a new window |
| 10.15 - 11.00 |
“Learning from DeFi: Would Automated Market Makers Improve Equity Trading?” Katya Malinova (McMaster University) with Andreas Park (University of Toronto) PresentationLink opens in a new window |
| 11.00 - 11.30 | Coffee break |
| Session 2 |
Digital Money Session Chair: Ruslan Sverchkov (WBS Gillmore Centre) |
| 11.30 - 12.15 |
“Private vs Public Currency” Bruno Biais (HEC) with Jean-Charles Rochet (TSE) and Stèphane Villeneuve (TSE) Presentation |
| 12.15 - 13.00 |
“Stablecoin Runs and the Centralization of Arbitrage” Anthony Lee Zhang (University of Chicago) with Yiming Ma (Columbia University) and Yao Zeng (Wharton School, University of Pennsylvania) PresentationLink opens in a new window |
| 13.00 - 13.15 |
WBS Gillmore Centre Crypto Dashboard Presentation: Wenjia Zhang and Moris Strub |
| 13.15 - 14.15 |
Lunch
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Keynote Address - Chair: David Skeie (WBS Gillmore Centre)
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| 14:15 - 15:15 |
KEYNOTE ADDRESS “e-CNY: CBDC and Narrow Banking in China.” |
| 15.15 - 15.45 | Coffee break |
| Session 3 |
Settlement and AMM Design Session Chair: Kathy Yuan (LSE) |
| 15.45 - 16.30 |
“Battle of the Bots: Flash Loans, Miner Extractable Value and Efficient Settlement” Alfred Lehar (University of Calgary) with Christine A. Parlour (UC Berkeley) PresentationLink opens in a new window Discussant: Kaihua Qin (Imperial College London) |
| 16.30 - 17.15 |
“Automated Market Makers Designs Beyond Constant Functions” Fayçal Drissi (University of Oxford) with Álvaro Cartea (University of Oxford), Leandro Sánchez-Betancourt (King’s College London), David Siska (University of Edinburgh), Lukasz Szpruch (University of Edinburgh) Presentation Discussant: Wenqian Huang (BIS) |
| 17.15 - 17.20 |
Day 1 Closing remarks - Roman Kozhan (WBS Gillmore Centre)
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| Agenda Saturday 28 October - recording link hereLink opens in a new window | |
| 09.00 - 09.15 | Registration and coffee |
| 09.15 | Welcome - Natasha de Teran (WBS Gillmore Centre) |
| Session 4 | CBDC Session Chair: James Chapman (Bank of Canada) |
| 09.15 - 10.00 |
“CBDC Policy Rules and Welfare” Michael Kumhof (Bank of England) with Marco Pinchetti (Bank of England), Phurichai Rungcharoenkitkul (Bank of Thailand, BIS) and Andrej Sokol (Bloomberg) PresentationLink opens in a new window |
| 10.00 - 10.45 |
“CBDC and Financial Stability” Peter Hoffmann (ECB) with Toni Ahnert (ECB), Agnese Leonello (ECB) and Davide Porcellacchia (ECB) Presentation |
| 10.45 - 11.15 | Coffee break |
| Session 5 | Yield Farming and Decentralized Governance Session Chair: Ganesh Viswanath-Natraj (WBS Gillmore Centre) |
| 11.15 - 12.00 |
“Reaching for Yield in Decentralized Financial Markets” Donghwa Shin (University of North Carolina at Chapel Hill) with Patrick Augustin (McGill University) and Roy Chen-Zhang (University of North Carolina at Chapel Hill) PresentationLink opens in a new window Discussant: Felix Irresberger (Durham University) PresentationLink opens in a new window |
| 12.00 - 12.45 |
“DAO Governance” Tao Li (University of Florida) with Jungsuk Han (Seoul National University) and Jongsub Lee (Seoul National University) Presentation |
| 12.45 - 13.00 | Closing remarks - Bazil Sansom (WBS Gillmore Centre) |
| 13.00 - 14.00 | Lunch |
We thank the programme committee for its time in evaluating the submissions.
Programme Committee: Joseph Abadi, Yackolley Amoussou-Guenou, Bruno Biais, Christophe Bisiere, James Chapman, Darrell Duffie, Irem Erten, Rod Garratt, Zhiguo He, Olga Klein, Roman Kozhan, Michael Kumhof, Alfred Lehar, Antoine Martin, Simon Mayer, Julien Prat, Fahad Saleh, Bazil Sansom, David Skeie, Ruslan Sverchkov, Ganesh Viswanath Natraj, Wei Xiong, Kathy Yuan.
Conference Manager: Katherine Higton - gillmorecentre@wbs.ac.uk
FURTHER INFORMATION: If you have any additional comments or questions, message us at gillmorecentre@wbs.ac.uk.
The Gillmore Centre for Financial Technology is based in Warwick Business School but draws membership across the University of Warwick and beyond. The Gillmore Centre conducts world-class, cutting-edge research at the intersection of finance and technology. It aims to reinforce Warwick's already formidable interdisciplinary environment, helping to tie together further departmental excellence with the Centre as a research hub exploring the transformative impact of emerging technologies such as artificial intelligence, machine learning, blockchain, mobile payments, cryptocurrencies and crowdfunding platforms. The £3m donation by Clive Gillmore, founder and group chief executive of Mondrian Investment Partners, enables Warwick to continue attracting the world’s best academics and postgraduates. The Gillmore Centre builds on Warwick Business School’s global reputation and core disciplines while infusing the aligned fields of computer science, law and mathematics alongside deep tech innovation to drive applied research with industry partners and start-ups.