Rodney J. Garratt - Latest

• An Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms

  Staff Working Paper 2019-26 Rodney J. Garratt

  Liquidity demands in real-time gross settlement payment systems can be enormous. To reduce the liquidity requirement, central banks around the world have implemented liquidity savings mechanisms (LSMs).

  Content Type(s): Staff research, Staff working papers Topic(s): Payment clearing and settlement systems JEL Code(s): C, C7, C72, E, E5, E58

• Privacy as a Public Good: A Case for Electronic Cash

  Staff Working Paper 2019-24 Rodney J. Garratt, Maarten van Oordt

  Cash gives users a high level of privacy when making payments, but the use of cash to make payments is declining. People increasingly use debit cards, credit cards or other methods to pay.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Central bank research, Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): E, E4, E42, G, G2, G28

• Entrepreneurial Incentives and the Role of Initial Coin Offerings

  Staff Working Paper 2019-18 Rodney J. Garratt, Maarten van Oordt

  Initial coin offerings (ICOs) are a new mode of financing start-ups that saw an explosion in popularity in 2017 but declined in popularity in the second half of 2018 as regulatory pressure, instances of fraud and reports of poor performance began to undermine their reputation.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Exchange rates JEL Code(s): G, G3, G32