Research Area

Financial sector development; Fixed Income and derivatives markets; Emerging capital markets; Market microstructure

Brief introduction of your research experience

Lei Meng completed his PhD in finance from University of Wales. He is currently an Associate Professor in Finance at School of Business, East China University of Science and Technology(ECUST), and executive dean of ECUST Sibiu Sino-European International Business School, he is also a Visiting Professor at IESEG School of Management, Lille, France. His research interest covers fixed income and derivatives markets, market microstructure, cross-border merger & acquisition and emerging markets. Lei has published in a wide range of well-known finance journals such as Journal of International Financial Markets, Institutions and Money, Journal of Fixed Income,Journal of Derivatives and Journal of Futures Markets.

英国威尔士大学金融学博士，华东理工大学商学院副教授，华东理工大学锡比乌中欧国际商学院执行院长，商务部国际商务官员研修基地客座教授，法国IESEG管理学院客座教授，研究领域为市场微观结构、固定收益及衍生品市场、企业跨国并购与新兴金融市场，在《Economic Modelling》,《Journal of Fixed Income》,《Journal of Derivatives》,《Journal of Futures Markets》，《Journal of International Financial Markets, Institutions & Money》，《系统工程理论与实践》等期刊上发表论文。主持国家自然科学基金项目和上海市教委科研创新项目。

Speech Title

Central Bank Digital Currencies: challenges and opportunities

央行数字货币：挑战与机遇

Abstract

As countries around the world compete to launch initiatives that could potentially lead to central bank digital currencies (CBDCs), it is worth investigating the opportunities CBDCs may offer and the challenges they could face. Given the nature of CBDCs, executing monetary policy would be much more efficient for central banks, retail users may also have better consumer experience in the age of digital economy. However, adoption of CBDC on large scale will reduce commercial banks’ balance sheets, thus leads to the question of potential financial instability. The role of central banks in the digital infrastructure, privacy and security issues are also called in to question.