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. 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 the Journal of Public Economic Theory.
Forthcoming Economic Inquiry paper with Neil Wallace: Bitcoin 1, Bitcoin 2, … : An Experiment in Privately Issued Outside Monies
Forthcoming JB&F paper with Peter Zimmerman: Centralized Netting in Financial Networks
Project Jasper: A Canadian Experiment with Distributed Ledger Technology for Domestic Interbank Payments Settlement (I am one of many that contributed to this detailed white paper that elaborates on the BoC FSR article.)
Bank for International Settlements Quarterly Review article with Morten Bech: Central bank cryptocurrencies.
Bank of England working paper with E. Benos and P. Gurrola-Perez: The economics of distributed ledger technologies for securities settlement.
Bank of Canada Financial System Review article with J. Chapman, S. Hendry, A. McCormack and W. McMahon: Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?
R3 Public Report: CAD-coin versus Fedcoin