Rodney Garratt

Senior Adviser

Monetary and Economic Department

All BIS publications (13)

BIS Working Paper No 1318 16 Dec 2025

Auction-based liquidity saving mechanisms

This paper introduces a novel liquidity-saving mechanism (LSM) for real-time gross settlement (RTGS) systems based on an…

,

Morten Linnemann Bech

,

Marko Nanut Petrič

and

BIS Working Paper No 1201 25 Jul 2024

Crypto exchange tokens

Crypto exchange tokens are an important funding source for centralized crypto exchanges, and they have been at the core of some…

and

Maarten van Oordt

BIS Bulletin No 87

BIS Bulletin No 87 30 May 2024

Next generation correspondent banking

Existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements, posing…

,

Priscilla Koo Wilkens

and

BIS Working Paper No 1183 2 May 2024

Why DeFi lending? Evidence from Aave V2

Decentralised finance (DeFi) lending protocols have experienced significant growth recently, yet the motivations driving…

Giulio Cornelli

,

Leonardo Gambacorta

,

and

Alessio Reghezza

BIS Bulletin No 76

BIS Bulletin No 76 7 Sep 2023

The oracle problem and the future of DeFi

Crypto-based decentralised finance (DeFi) uses "oracles" to import real-world data into blockchain environments for use in…

,

Leonardo Gambacorta

,

and

Priscilla Koo Wilkens

BIS Working Paper No 1117 11 Aug 2023

An impossibility theorem on truth-telling in fully decentralised systems

We show that truthful reporting about the realization of a publicly observed event cannot be implemented as a unique…

and

BIS Working Paper No 1112 25 Jul 2023

Trust bridges and money flows

Cross-border payments are expensive, slow, and opaque. These problems reflect multiple frictions, many of which boil down to…

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,

and

Tommaso Mancini-Griffoli

BIS Working Paper No 1104 7 Jun 2023

The Crypto Multiplier

The exchange rates of cryptocurrencies are highly volatile. This paper provides insight into the source of this volatility by…

and

Maarten van Oordt

BIS Working Paper No 1089 14 Apr 2023

Intraday liquidity around the world

We study intraday liquidity usage and its determinants using a unique cross-country data set on large-value payments. We…

Biliana Alexandrova Kabadjova

,

,

Saulo Benchimol Bastos

,

Evangelos Benos

,

Freddy Cepeda-Lopéz

,

James T E Chapman

,

,

Ioana Duca-Radu

,

,

Ronald Heijmans

,

,

,

,

,

,

Andrei Pustelnikov

,

Francisco Rivadeneyra

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Mario Rubem do Coutto Bastos

and

All external publications (12)

External publication 1 Aug 2011

Mapping change in the federal funds market

Morten Linnemann Bech

,

,

and

External publication 1 Apr 2010

Which bank is the "central" bank?

Morten Linnemann Bech

,

and

James T E Chapman

External publication 1 Apr 2003

The intraday liquidity management game

Morten Linnemann Bech

and

All videos (1)

00:01:58

Central bank cryptocurrencies

Video 17 Sep 2017

Central bank cryptocurrencies

Discussion of the main findings of the BIS Quarterly Review article.

By

Morten Linnemann Bech

and

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