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The 3rd Crypto Asset Lab Conference

Investments, Economics, and Regulation for Bitcoin, Crypto-Assets, and CBDCs

The conference is online (YouTube) and in person (Building U4, Sironi room, Università Milano-Bicocca, Piazza della Scienza 4, 20126 Milano, Italy). Attending the conference is free, but registration is required: for registration and ticketing see the Eventbrite conference page.


Day 1, November 4, 15:00-19:30 CET (UTC+1)

Watch it on YouTube

15:00

Opening remarks

Lucia Alessi, DG Joint Research Centre - European Commission
Ferdinando M. Ametrano, Digital Gold Institute and Università Milano-Bicocca
Paola A. Bongini, Università Milano-Bicocca
Massimo De Rosa, Regione Lombarda

15:20

Crypto-Economics I

Moderator: Marco Petracco Giudici, DG Joint Research Centre - European Commission

Best Before? Expiring Central Bank Digital Currency and Loss Recovery, (slides)
Charles M. Kahn, University of Illinois
Maarten R.C. van Oordt, Vrije Universiteit Amsterdam
Yu Zhu, Bank of Canada
Presented by Yu Zhu

Monetary Policy Pass-Through with Central Bank Digital Currency, (slides)
Janet Jiang, Bank of Canada
Yu Zhu, Bank of Canada
Presented by Janet Jiang

The Transition- Dynamics from Government Money only to Differentiated (Crypto-) Currency Competition, (slides)
Katharina Filip, Vienna University of Economics and Business

The crumbling wall between crypto and non-crypto market: risk spillovers through stablecoins, (slides)
Yiping Huang, Peking University
Yang Ji, Xiamen University
Juan Lin, Xiamen University
Peng Wang, Xiamen University
Presented by Peng Wang


16:40

Sponsored speech

Challenges in Bitcoin Investing for HNWIs and Institutional Investors (slides)

Michele Mandelli, Managing Partner, CheckSig

Bitcoin has become an investable asset class, sought after by institutional investors and HNWIs. Anyway, in spite of a growing industry, investing still lacks simplicity, security and easy compliance. CheckSig addresses these issues with a unique value proposition and the strongest Bitcoin custody protocol in the world.


17:00

Break


17:20

Crypto-Economics II

Moderator: Paola Bongini, Università Milano-Bicocca

Digital Currencies in Financial Networks, (slides)
Olli Castrén, European Banking Authority
Ilja Kristian Kavonius, University of Helsinki
Michela Rancan, Università Politecnica delle Marche
Presented by Michela Rancan

Systematization of Knowledge: Decentralized Finance (DeFi), (slides)
Sam M. Werner, Imperial College London
Daniel Perez, Imperial College London
Lewis Gudgeon, Imperial College London
Ariah Klages-Mundt, Cornell University
Presented by Sam M. Werner

Financial literacy and attitudes to cryptocurrencies, (slides)
Georgios A. Panos, University of Glasgow
Tatja Karkkainen, University of Glasgow
Adele Atkinson, Private consultant
Presented by Georgios A. Panos


18:20

Quantitative Modelling

Moderator: Daniele Marazzina, Politecnico di Milano

Sentiment, Google Queries and Explosivity in the Cryptocurrency Market, (slides)
Arianna Agosto, University of Pavia
Paola Cerchiello, University of Pavia
Paolo Pagnottoni, University of Pavia
Presented by Paolo Pagnottoni

Common dynamic factors for cryptocurrencies and multiple pair-trading statistical arbitrages, (slides)
Gianna Figá-Talamanca, University of Perugia
Sergio Focardi, Léonard de Vinci Pôle Universitaire, Paris
Marco Patacca, University of Verona
Presented by Marco Patacca


19:00

Closing remarks


Day 2, November 5, 15:00-19:30 CET (UTC+1)

Watch it on YouTube

15:00

Keynote Speech

On decentralized protocols (slides)

Ricardo Pérez-Marco, CNRS, Université de Paris

After the success of Bitcoin as a decentralized payment network, a natural question is what type of protocols can be build using these decentralization ideas. It appears surprisingly difficult to build more general decentralized networks. We will explain why this is so, and what are the future challenges for this new technology.


15:30

Investments and Trading

Moderator: Gianfranco Forte, Università Milano-Bicocca

Order Book Liquidity on Crypto Exchanges, (slides)
Martin Angerer, University of Liechtenstein
Marius Gramlich, University of Liechtenstein
Michael Hanke, University of Liechtenstein
Presented by Marius Gramlich

Intraday Herding and Attention around the Clock, (slides)
Stefan Scharnowski, University of Mannheim
Yanghua Shi, University of Mannheim
Presented by Stefan Scharnowski

Bitcoin and News Around the World in Twenty-Six Languages, (slides)
Lucia Alessi, DG Joint Research Centre - European Commission
Eric Ghysels, University of North Carolina
Marco Petracco Giudici, DG Joint Research Centre - European Commission
Zhe Wang, University of North Carolina
Presented by Marco Petracco Giudici


16:30

Sponsored speech

Digital assets and the future of Financial Services (slides)

Paolo Gianturco, Senior Partner, Core Business Operations & FinTech Leader, Deloitte Consulting, DCM (Italy, Greece & Malta)

Deloitte's 2021 Global Blockchain Survey offers an overview of the role and the transformative impact that digital assets and blockchain technologies play in the FSI domain. It provides a picture of current and future expectations for the global financial services industry around digital assets, as well as their impacts and opportunities for the banking sector.


16:50

Break


17:10

Fungible and Non-Fungible Tokens

Moderator: Gianna Figà-Talamanca, University of Perugia

A topic modelling analysis of white papers in security token offerings: which topic matters for funds?, (slides)
Paola Bongini, Università Milano-Bicocca
Francesco Osborne, The Open University
Alessia Pedrazzoli, University of Modena and Reggio Emilia
Monica Rossolini, Università Milano-Bicocca
Presented by Monica Rossolini

Auction with tokens, (slides)
Andrea Canidio, IMT School for Advanced Studies, Lucca

Non-fungible token (NFT) markets on the Ethereum blockchain: Temporal development, cointegration and interrelations, (slides)
Lennart Ante, Blockchain Research Lab


18:10

Legal and Regulatory

Moderator: Francesca Mattassoglio, Università Milano-Bicocca

Non-Fungible Tokens Legal and Economic considerations – A European Perspective, (slides)
Anna-Maria Agresti, European Central Bank, Frankfurt
Miray Kavruk, DLA Piper UK LLP, Frankfurt
Dennis Kunschke, DLA Piper UK LLP, Frankfurt
Natalie-Dilan Yerlikaya, DLA Piper UK LLP, Frankfurt
Presented by Anna-Maria Agresti and Dennis Kunschke

The Impact of Tokenisation on Property Law, (slides)
Riccardo de Caria, Università di Torino

Towards total decentralisation through non-adjudicative methods, (slides)
Giulio Stefano Ravot, I3P (Incubatore Imprese Innovative Politecnico di Torino)
Cristina Poncibò, University of Turin
Andrea Gangemi, I3P (Incubatore Imprese Innovative Politecnico di Torino)
Giacomo Corrias, I3P (Incubatore Imprese Innovative Politecnico di Torino)
Presented by Giulio Stefano Ravot


19:10

Closing remarks


CAL2021 Organizing Committee

  • Program Chairs
    • Ferdinando M. Ametrano, Digital Gold Institute and Università Milano-Bicocca
    • Paola A. Bongini, Università Milano-Bicocca
  • General Chair
    • Lucia Mandelli, Digital Gold Institute
  • Program Committee
    • Lucia Alessi, DG Joint Research Centre - European Commission
    • Filippo Annunziata, Bocconi University
    • Gianna Figà-Talamanca, University of Perugia
    • Gianfranco Forte, Università Milano-Bicocca
    • Paolo Giudici, University of Pavia
    • Daniele Marazzina, Politecnico di Milano
    • Francesca Mattassoglio, Università Milano-Bicocca
    • Elaine Ou, Global Financial Access
    • Marco Petracco Giudici, DG Joint Research Centre - European Commission
    • Gina Pieters, University of Chicago
    • Carla Reyes, Southern Methodist University
    • Sandra Ro, Global Blockchain Business Council
    • Antonella Sciarrone Alibrandi, Università Cattolica del Sacro Cuore
    • Maarten van Oordt, Vrije Universiteit Amsterdam
    • Angela Walch, St. Mary's University School of Law

Enquires

For information please visit the CAL conference main page or email info@cryptoassetlab.org.


Partners

Gold:
Silver:

Organized by

Crypto Asset Lab
DG Joint Research Centre - European Commission
Milano-Bicocca University
Digital Gold Institute

With the Patronage of

Crypto Asset Lab