Dimitris Drakopoulos is a senior financial sector expert for the Global Markets Analysis Division in the Monetary and Capital Markets Department of the International Monetary Fund (IMF). He contributes to the Global Financial Stability Report on issues relating to emerging markets, fixed income markets, and crypto assets, and he is a member of the IMF’s market surveillance team. Prior to joining the IMF, Mr. Drakopoulos worked at global financial services group Nomura in London as head of EMEA EM Research and senior Eurozone economist. He holds a Master’s degree in Economics from Birkbeck, University of London, and a Bachelor’s degree in Economics and Social Policy from the London School of Economics. Mr. Drakopoulos began his career working at the interest rate derivatives desk for Lehman Brothers.
The Case of Crypto
Event Overview
Hosted by the Cornell SC Johnson College of Business Emerging Markets Institute (EMI), this virtual panel discussion will explore how crypto is poised to shape emerging markets. EMI Director Lourdes Casanova and International Monetary Fund (IMF) fintech and crypto specialists Dimitris Drakopoulos, Gabriel Söderberg, and Parma Bains will explain current adoption trends of crypto generally, and central bank digital currency (CBDC) specifically, in emerging markets like China, Nigeria, and Venezuela. They’ll also discuss the risks of expanding crypto adoption to developing economies. The discussion will be followed by a question-and-answer session.
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What You'll Learn
- The risks of crypto adoption in emerging markets
- Where different emerging market countries stand on nationalizing cryptocurrency
- Short-term and long-term economic implications of crypto adoption in emerging markets
Speakers
Gabriel Söderberg is a financial sector expert in the Monetary and Capital Markets Department at the International Monetary Fund (IMF), focused on the development and possible future use cases of central bank digital currency (CBDC). With a background at the Sveriges Riksbank, Sweden’s central bank, Professor Söderberg has researched and published extensively on the Swedish CBDC project, the e-krona, fintech, crypto assets, and broader issues within the payments sector, banking regulation, and financial stability. He also is an Associate Professor of Economic History at his alma mater, Uppsala University, Sweden.
Lourdes Casanova is a senior lecturer and the Gail and Roberto Cañizares Director of the Emerging Markets Institute in the SC Johnson School of Management at Cornell University. She has been named one of the 50 most influential Iberoamerican intellectuals and one of the 30 most influential Iberoamerican women intellectuals by Esglobal, a digital magazine on international relations. Dr. Casanova is a Fulbright Scholar and has a Master’s degree from the University of Southern California as well as a Ph.D. from the University of Barcelona. Her commentary has been featured in Latin Trade, Agenda Publica, CNN en Español, and Voice of America.
Mihika Badjate is a senior studying Economics in the Cornell College of Arts & Sciences. At the Emerging Markets Institute, she is involved in both research and marketing. Beyond emerging markets, Ms. Badjate’s interests include reading, hiking, and traveling.
Parma Bains is a finance sector specialist at the International Monetary Fund (IMF). He specializes in the regulation of fintech, a term used to describe the innovative technologies and startups redefining the financial services industry in the 21st century and beyond. Mr. Bains provides global technical assistance and contributes to policy development. He is the author of “Fintech Notes on BigTech” and “Blockchain Consensus Mechanisms.” Prior to joining the IMF, Mr. Bains helped launch the world’s first dedicated fintech regulatory unit at the UK Financial Conduct Authority (FCA); there, he was a member of the UK Crypto Asset Taskforce and authored the FCA’s “Guidance on Crypto Assets.” Before his role with FCA, Mr. Bains worked for Deutsche Bank and the U.S. Department of Justice in New York. He holds a Master’s degree in Finance and Financial Regulation from Aston Business School (UK).
Ravin Nanda is a senior studying Economics in the College of Arts & Sciences. Mr. Nanda is interested in pursuing a career in financial services and will be joining Lazard’s TMT group as an analyst following graduation. At Cornell, he is involved in Cornell’s Investment Banking Club, the Johnson Museum Club, and the Emerging Markets Society. Mr. Nanda is originally from the greater Boston area and enjoys learning about art, playing golf and squash, and cooking.

Dimitris Drakopoulos is a senior financial sector expert for the Global Markets Analysis Division in the Monetary and Capital Markets Department of the International Monetary Fund (IMF). He contributes to the Global Financial Stability Report on issues relating to emerging markets, fixed income markets, and crypto assets, and he is a member of the IMF’s market surveillance team. Prior to joining the IMF, Mr. Drakopoulos worked at global financial services group Nomura in London as head of EMEA EM Research and senior Eurozone economist. He holds a Master’s degree in Economics from Birkbeck, University of London, and a Bachelor’s degree in Economics and Social Policy from the London School of Economics. Mr. Drakopoulos began his career working at the interest rate derivatives desk for Lehman Brothers.

Gabriel Söderberg is a financial sector expert in the Monetary and Capital Markets Department at the International Monetary Fund (IMF), focused on the development and possible future use cases of central bank digital currency (CBDC). With a background at the Sveriges Riksbank, Sweden’s central bank, Professor Söderberg has researched and published extensively on the Swedish CBDC project, the e-krona, fintech, crypto assets, and broader issues within the payments sector, banking regulation, and financial stability. He also is an Associate Professor of Economic History at his alma mater, Uppsala University, Sweden.

Lourdes Casanova is a senior lecturer and the Gail and Roberto Cañizares Director of the Emerging Markets Institute in the SC Johnson School of Management at Cornell University. She has been named one of the 50 most influential Iberoamerican intellectuals and one of the 30 most influential Iberoamerican women intellectuals by Esglobal, a digital magazine on international relations. Dr. Casanova is a Fulbright Scholar and has a Master’s degree from the University of Southern California as well as a Ph.D. from the University of Barcelona. Her commentary has been featured in Latin Trade, Agenda Publica, CNN en Español, and Voice of America.

Mihika Badjate is a senior studying Economics in the Cornell College of Arts & Sciences. At the Emerging Markets Institute, she is involved in both research and marketing. Beyond emerging markets, Ms. Badjate’s interests include reading, hiking, and traveling.

Parma Bains is a finance sector specialist at the International Monetary Fund (IMF). He specializes in the regulation of fintech, a term used to describe the innovative technologies and startups redefining the financial services industry in the 21st century and beyond. Mr. Bains provides global technical assistance and contributes to policy development. He is the author of “Fintech Notes on BigTech” and “Blockchain Consensus Mechanisms.” Prior to joining the IMF, Mr. Bains helped launch the world’s first dedicated fintech regulatory unit at the UK Financial Conduct Authority (FCA); there, he was a member of the UK Crypto Asset Taskforce and authored the FCA’s “Guidance on Crypto Assets.” Before his role with FCA, Mr. Bains worked for Deutsche Bank and the U.S. Department of Justice in New York. He holds a Master’s degree in Finance and Financial Regulation from Aston Business School (UK).

Ravin Nanda is a senior studying Economics in the College of Arts & Sciences. Mr. Nanda is interested in pursuing a career in financial services and will be joining Lazard’s TMT group as an analyst following graduation. At Cornell, he is involved in Cornell’s Investment Banking Club, the Johnson Museum Club, and the Emerging Markets Society. Mr. Nanda is originally from the greater Boston area and enjoys learning about art, playing golf and squash, and cooking.
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Hosted by the Cornell SC Johnson College of Business Emerging Markets Institute (EMI), this virtual panel discussion will explore how crypto is poised to shape emerging markets. EMI Director Lourdes Casanova and International Monetary Fund (IMF) fintech and crypto specialists Dimitris Drakopoulos, Gabriel Söderberg, and Parma Bains will explain current adoption trends of crypto generally, and central bank digital currency (CBDC) specifically, in emerging markets like China, Nigeria, and Venezuela. They’ll also discuss the risks of expanding crypto adoption to developing economies. The discussion will be followed by a question-and-answer session.
RESOURCES / NEXT>
Emerging Markets Institute
2021 Emerging Markets Multinational Report: Building the Future on ESG Excellence
Innovation from Emerging Markets: From Copycats to Leadershttps://ecornell.cornell.edu/keynotes/view/K031822/primaryAmerica/New_YorkeCornell