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The Sim Kee Boon Institute (SKBI) for Financial Economics at SMU and the Chartered Alternative Investment Analyst (CAIA) Association jointly organised the inaugural CAIA-SKBI Cryptocurrency Conference on November 4. At issue were cryptocurrencies' place in financial industry innovation, and Singapore's own unique role in developing the ecosystem. Key points of discussion were the correct definition of bitcoin and the various implications for cryptocurrency as a part of the mainstream financial industry, including markets, accounting and payments.

SOURCE: CoinDesk
by Professor David Lee

The earliest cryptocurrency, a kind of virtual or digital currency, emerged as far back as the early 1990s, however, most of them are long gone.  Today, there are more than 300-400 kinds of virtual currency in the market, with an array of odd names like feathercoin, bbqcoin, fireflycoin, and zeuscoin.

Critics often highlight that a virtual currency is backed by nothing, like gold or a national government, and therefore has no intrinsic value.  Yet such currencies continue to grow in popularity.  In fact, advocates are confident that virtual currency serves an important purpose, and is here to stay.

The growth in cryptocurrency challenges established institutions such as central banks, exchanges, and governments, and can potentially change the way businesses are conducted around the world.

David Lee is the Academic Director of the Sim Kee Boon Institute for Financial Economics at the Singapore Management University, and a Professor of Quantitative Finance at the SMU Lee Kong Chian School of Business.  His institute has been involved in digital currency research since 2013 and he is presently writing a book on cryptocurrency scheduled for release next year.

In this podcast, Professor Lee shares with us his insights on the development of cryptocurrency, its global impact, as well as its prospects going forward.

www.smu.edu.sg/podcast/cryptocurrency-revolution-and-its-impact

This half-an-hour Channel NewsAsia programme features SMU’s second Singapore-India Business Dialogue on 21 May 2014 which was held after India’s watershed elections. Themed “The Changing Financial Landscapes in Singapore and India”, the event attracted some 350 business leaders, academics expects and financial professionals, who came to seek insights into the changing financial climate of the two countries and ASEAN. SMU Provost and Deputy President (Academic Affairs), Professor Rajendra K Srivastava gave the opening address and Mr Prashant Saran, Whole-Time Member of the Securities & Exchange Board of India, gave the keynote speech. During the panel discussion led by SMU Professor David Lee, four distinguished business leaders – Mr Manish Kejriwal, Managing Partner, Kedaara Capital Advisors LLP; Mr Soumen Mitra, Chief Executive Officer of TATA Captial Pte Ltd; Mr Ronald Tan, Director, Listings, Singapore Exchange Limited; and Mr Sandeep Sharma, Co-Head, HSBC Private Bank Southeast Asia – shared their views.

 

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by Professor Peter Phillips

Modern market economies make extensive use of economic and financial forecasts at all levels, from guiding government policy and business decisions to the choices made by individual consumers, savers and investors.  Forecasting is a particularly valuable tool for governments and monetary authorities as they formulate policies and strategies for the future.

Professor Peter Phillips is Sterling Professor of Economics at Yale University and Distinguished Term Professor of Economics, Keppel Professor of Financial Economics at the Singapore Management University.  His research covers many areas of econometrics, its empirical applications, and its wider implementations in fields such as communications and environmental science.

His latest empirical work includes an econometric analysis of the recent financial and sovereign debt crises, which has led to the development of a new warning alert system for financial market exuberance.

Professor Phillips believes that crowd wisdom has a big part to play in economic forecasting, that is, the collective opinion of groups of individuals may be more accurate than the best informed individual or a single economic forecasting model.

In this podcast, he shares his insights about crowd wisdom and discusses other key indicators that may point to economic instability in the future.

 

 

To get a better understanding of the financial landscape in India in light of the new government, SMU is organising the second Singapore-India Business Dialogue (SIBD) titled “The Changing Financial Landscapes In Singapore And India” on May 21. Experts from India and Singapore will examine the driving forces behind emerging global trends and also address the key changes and challenges to the financial climate in Singapore and India, as well as their impact on businessmen and investors on both sides. The guest of honour for SIBD 2014 is Minister in the Prime Minister’s Office, Second Minister for Home Affairs and Second Minister for Trade and Industry, Mr S. Iswaran and the discussion will be moderated by Sim Kee Boon Institute for Financial Economics at SMU Director Professor David Lee.

SMU has held a series of workshops and seminars in Mumbai, Bangalore and New Delhi about innovation. Continuing its focus on India, SMU is organising the second Singapore-India Business Dialogue (SIBD) on the changing financial landscape in Singapore and India on 21 May at its campus. Explaining SMU’s continuing efforts to strengthen its knowledge and insights into the country by creating knowledge networks with academia and industry in India, SMU Provost and Deputy President (Academic Affairs) Professor Rajendra Srivastava aptly summed up, “We have to learn about Asia by going to the ground. For SMU, ‘Asianisation’ is our mantra as we become a global player. The more we know about Asia, the more valuable we become to the world.” Separately, Director of the SMU Sim Kee Boon Institute for Financial Economics Professor David Lee noted that even in “reports by analysts, India is not covered adequately which can be a huge handicap for financial institutions as it will be costly to assess the complex situation on the ground.”

Great Eastern Life Assurance Company Limited’s chief executive officer (Singapore), Khoo Kah Siang, noted that initiatives such as the Asian Financial Leaders Programme by SMU to groom locals for leadership positions in the financial industry, “are moves in the right direction and will provide much needed exposure across geographies through classroom learning, on-the-job training as well as industry visits”.

In a joint commentary, SMU Sim Kee Boon Institute for Financial Economics Director Professor David Lee and SMU Lee Kong Chian School of Business Senior Lecturer in Strategic Management Yan Li commented on China’s ‘One Belt, One Road’ initiative which aims to rejuvenate two ancient trade routes and further open up markets within and beyond the region. They said it is not possible for China and some ASEAN countries to dispel all reservations and cooperate merely on the basis of economic gains. Trusted by both sides, Singapore can act as a platform for China to enter the ASEAN market.  Furthermore, Singapore could adopt the strategy supported by “Smart Nation” policy to set up infrastructure to boost internet finance and inclusive investment, which will not only improve the quality of life in underdeveloped regions in ASEAN countries, but further sustain Singapore’s leadership. They also commended the Monetary Authority of Singapore for setting up the new FinTech and Innovation Group to enhance efficiency and competitiveness of Singapore’s financial sector, and guide the transformation of Singapore’s leading traditional financial institutes.  

56日至7日,北京恒昌利通投资管理有限公司(以下简称“恒昌公司”)受邀参加了新加坡管理大学沈基文金融经济研究所SKBI第五届年度大会暨《数码金融、普惠金融与社会效应投资》论坛。恒昌公司常务副总裁詹德隆先生代表公司出席,与各领域嘉宾共同探讨中国P2P借贷现状与未来发展。

http://www.hcznb.com/community/detail/120.html

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