Rod Garratt holds the Maxwell C. and Mary Pellish Chair in Economics at the University of California Santa Barbara. He has served as a Technical Advisor to the Bank for International Settlements, a Research Advisor to the Bank of England and is a former Vice President of the Federal Reserve Bank of New York. During his time at the FRBNY he co-led the Virtual Currency Working Group for the Federal Reserve System. After leaving the FRBNY he consulted for Payments Canada and R3 on Project Jasper: a proof of concept for a wholesale interbank payment system that uses distributed ledger technology. Garratt received his undergraduate degree from the University of Waterloo and his Ph.D. from Cornell University. He has published in the top economics journals including Econometrica, the American Economic Review and the Journal of Political Economy. He is an Associate Editor of the Journal of Financial Market Infrastructures, the Journal of Network Theory in Finance and Digital Finance.
What’s new?
Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies with Maarten van Oordt
Investigating the Impact of Global Stablecoins (I am one of many contributors to this report.)
The Economics of Distributed Ledger Technologies for Securities Settlement with E. Benos and P. Gurrola-Perez (Ledger Journal)
Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets with Michael Lee, Antoine Martin and Robert Townsend
An Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms
Privacy as a Public Good: A Case for Electronic Cash with Maarten van Oordt
Entrepreneurial Incentives and the Role of Initial Coin Offerings with Maarten van Oordt
Nonlinear Pricing and the Market for Settling Payments with Adam Copeland (Journal of Money, Credit and Banking)
Bitcoin 1, Bitcoin 2, … : An Experiment in Privately Issued Outside Monies with Neil Wallace (Economic Inquiry)
A Proposal for a Decentralized Liquidity Savings Mechanism with Side Payments with Adam Furgal, Dave Hudson and Zhiling Guo (R3 Report)
Centralized Netting in Financial Networks with Peter Zimmerman (Journal of Banking & Finance)
Project Jasper: A Canadian Experiment with Distributed Ledger Technology for Domestic Interbank Payments Settlement (I am one of many contributors to this white paper that elaborates on the BoC FSR article.)
Central Bank Cryptocurrencies with Morten Bech (BIS Quarterly Review)
Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet? with J. Chapman, S. Hendry, A. McCormack and W. McMahon (Bank of Canada Financial System Review)
CAD-coin versus Fedcoin (R3 Report)
