Details about Morten L. Bech

Access statistics for papers by Morten L. Bech.

Last updated 2021-02-05. Update your information in the RePEc Author Service.

Short-id: pbe392

Working Papers

2015

1. A search-based model of the interbank money market and monetary policy implementation
   BIS Working Papers, Bank for International Settlements View citations (3)
   See also Journal Article A search-based model of the interbank money market and monetary policy implementation, Journal of Economic Theory, Elsevier (2016) View citations (52) (2016)

2014

2. On the economics of committed liquidity facilities
   BIS Working Papers, Bank for International Settlements View citations (4)
   See also Chapter On the Economics of Committed Liquidity Facilities, RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia (2013) View citations (1) (2013)

2013

3. Liquidity regulation and the implementation of monetary policy
   BIS Working Papers, Bank for International Settlements View citations (24)
   Also in Departmental Working Papers, Rutgers University, Department of Economics (2013) View citations (22)
   See also Journal Article Liquidity regulation and the implementation of monetary policy, Journal of Monetary Economics, Elsevier (2017) View citations (42) (2017)

2012

4. Arbitrage, liquidity and exit: the repo and federal funds markets before, during, and emerging from the financial crisis
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (22)
5. Monetary policy in a downturn: Are financial crises special?
   BIS Working Papers, Bank for International Settlements View citations (51)
   See also Journal Article Monetary Policy in a Downturn: Are Financial Crises Special?, International Finance, Wiley Blackwell (2014) View citations (48) (2014)
6. The Financial Crisis and the Changing Dynamics of the Yield Curve
   Working papers, Faculty of Business and Economics - University of Basel View citations (3)
   See also Chapter The financial crisis and the changing dynamics of the yield curve, BIS Papers chapters, Bank for International Settlements (2012) View citations (3) (2012)

2011

7. Mapping change in the federal funds market
   Staff Reports, Federal Reserve Bank of New York View citations (3)

2010

8. The mechanics of a graceful exit: interest on reserves and segmentation in the federal funds market
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (7)
   Also in Staff Reports, Federal Reserve Bank of New York (2009) View citations (8)
   See also Journal Article The mechanics of a graceful exit: Interest on reserves and segmentation in the federal funds market, Journal of Monetary Economics, Elsevier (2011) View citations (137) (2011)

2009

9. The Federal Home Loan Bank System: the lender of next-to-last resort?
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (7)
   Also in Staff Reports, Federal Reserve Bank of New York (2008) View citations (7)
   See also Journal Article The Federal Home Loan Bank System: The Lender of Next-to-Last Resort?, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (55) (2010)

2008

10. The Topology of Danish Interbank Money Flows
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit View citations (12)
11. The topology of the federal funds market
    Working Paper Series, European Central Bank View citations (75)
    Also in Staff Reports, Federal Reserve Bank of New York (2008) View citations (37)
    See also Journal Article The topology of the federal funds market, Physica A: Statistical Mechanics and its Applications, Elsevier (2010) View citations (254) (2010)
12. Which Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System
    Staff Working Papers, Bank of Canada View citations (6)
13. Which bank is the \\"central\\" bank? an application of Markov theory to the Canadian Large Value Transfer System
    Staff Reports, Federal Reserve Bank of New York View citations (4)

2006

14. Congestion and cascades in payment systems
    Staff Reports, Federal Reserve Bank of New York View citations (8)
    See also Journal Article Congestion and cascades in payment systems, Physica A: Statistical Mechanics and its Applications, Elsevier (2007) View citations (22) (2007)
15. Illiquidity in the interbank payment system following wide-scale disruptions
    Staff Reports, Federal Reserve Bank of New York View citations (19)
    See also Journal Article Illiquidity in the Interbank Payment System Following Wide-Scale Disruptions, Journal of Money, Credit and Banking, Blackwell Publishing (2012) View citations (25) (2012)
16. Technology diffusion within central banking: the case of real-time gross settlement
    Staff Reports, Federal Reserve Bank of New York View citations (4)
    See also Journal Article Technology Diffusion within Central Banking: The Case of Real-Time Gross Settlement, International Journal of Central Banking, International Journal of Central Banking (2007) View citations (29) (2007)
17. The topology of interbank payment flows
    Staff Reports, Federal Reserve Bank of New York View citations (167)
    See also Journal Article The topology of interbank payment flows, Physica A: Statistical Mechanics and its Applications, Elsevier (2007) View citations (257) (2007)

2001

18. The Intraday Liquidity Management Game
    University of California at Santa Barbara, Economics Working Paper Series, Department of Economics, UC Santa Barbara View citations (5)
    See also Journal Article The intraday liquidity management game, Journal of Economic Theory, Elsevier (2003) View citations (110) (2003)

Journal Articles

2020

1. Innovations in payments
   BIS Quarterly Review, 2020 View citations (11)
2. On the future of securities settlement
   BIS Quarterly Review, 2020 View citations (16)
3. Payments without borders
   BIS Quarterly Review, 2020 View citations (12)

2018

4. Payments are a-changin' but cash still rules
   BIS Quarterly Review, 2018 View citations (58)

2017

5. Central bank cryptocurrencies
   BIS Quarterly Review, 2017 View citations (169)
6. Liquidity regulation and the implementation of monetary policy
   Journal of Monetary Economics, 2017, 92, (C), 64-77 View citations (42)
   See also Working Paper Liquidity regulation and the implementation of monetary policy, BIS Working Papers (2013) View citations (24) (2013)
7. The quest for speed in payments
   BIS Quarterly Review, 2017 View citations (24)

2016

8. A search-based model of the interbank money market and monetary policy implementation
   Journal of Economic Theory, 2016, 164, (C), 32-67 View citations (52)
   See also Working Paper A search-based model of the interbank money market and monetary policy implementation, BIS Working Papers (2015) View citations (3) (2015)
9. Hanging up the phone - electronic trading in fixed income markets and its implications
   BIS Quarterly Review, 2016 View citations (13)
10. How have central banks implemented negative policy rates?
    BIS Quarterly Review, 2016 View citations (124)

2015

11. Mapping change in the overnight money market
    Physica A: Statistical Mechanics and its Applications, 2015, 424, (C), 44-51 View citations (8)

2014

12. Monetary Policy in a Downturn: Are Financial Crises Special?
    International Finance, 2014, 17, (1), 99-119 View citations (48)
    See also Working Paper Monetary policy in a downturn: Are financial crises special?, BIS Working Papers (2012) View citations (51) (2012)

2013

13. FX market trends before, between and beyond Triennial Surveys
    BIS Quarterly Review, 2013 View citations (4)

2012

14. FX volume during the financial crisis and now
    BIS Quarterly Review, 2012 View citations (8)
15. Illiquidity in the Interbank Payment System Following Wide-Scale Disruptions
    Journal of Money, Credit and Banking, 2012, 44, (5), 903-929 View citations (25)
    Also in Journal of Money, Credit and Banking, 2012, 44, (5), 903-929 (2012) View citations (15)
    See also Working Paper Illiquidity in the interbank payment system following wide-scale disruptions, Staff Reports (2006) View citations (19) (2006)
16. On the liquidity coverage ratio and monetary policy implementation
    BIS Quarterly Review, 2012 View citations (44)
17. Settlement liquidity and monetary policy implementation—lessons from the financial crisis
    Economic Policy Review, 2012, 18, (Mar), 3-20 View citations (10)

2011

18. The mechanics of a graceful exit: Interest on reserves and segmentation in the federal funds market
    Journal of Monetary Economics, 2011, 58, (5), 415-431 View citations (137)
    See also Working Paper The mechanics of a graceful exit: interest on reserves and segmentation in the federal funds market, Finance and Economics Discussion Series (2010) View citations (7) (2010)

2010

19. The Federal Home Loan Bank System: The Lender of Next-to-Last Resort?
    Journal of Money, Credit and Banking, 2010, 42, (4), 551-583 View citations (55)
    Also in Journal of Money, Credit and Banking, 2010, 42, (4), 551-583 (2010) View citations (16)
    See also Working Paper The Federal Home Loan Bank System: the lender of next-to-last resort?, FRB Atlanta Working Paper (2009) View citations (7) (2009)
20. The topology of the federal funds market
    Physica A: Statistical Mechanics and its Applications, 2010, 389, (22), 5223-5246 View citations (254)
    See also Working Paper The topology of the federal funds market, Working Paper Series (2008) View citations (75) (2008)
21. Which bank is the "central" bank?
    Journal of Monetary Economics, 2010, 57, (3), 352-363 View citations (33)

2009

22. Profits and balance sheet developments at U.S. commercial banks in 2008
    Federal Reserve Bulletin, 2009, 95, (6) View citations (8)

2008

23. Global trends in large-value payments
    Economic Policy Review, 2008, 14, (Sep), 59-81 View citations (12)
24. Intraday liquidity management: a tale of games banks play
    Economic Policy Review, 2008, 14, (Sep), 7-23 View citations (16)

2007

25. Congestion and cascades in payment systems
    Physica A: Statistical Mechanics and its Applications, 2007, 384, (2), 693-718 View citations (22)
    See also Working Paper Congestion and cascades in payment systems, Staff Reports (2006) View citations (8) (2006)
26. Technology Diffusion within Central Banking: The Case of Real-Time Gross Settlement
    International Journal of Central Banking, 2007, 3, (3), 147-181 View citations (29)
    See also Working Paper Technology diffusion within central banking: the case of real-time gross settlement, Staff Reports (2006) View citations (4) (2006)
27. The topology of interbank payment flows
    Physica A: Statistical Mechanics and its Applications, 2007, 379, (1), 317-333 View citations (257)
    See also Working Paper The topology of interbank payment flows, Staff Reports (2006) View citations (167) (2006)

2003

28. The intraday liquidity management game
    Journal of Economic Theory, 2003, 109, (2), 198-219 View citations (110)
    See also Working Paper The Intraday Liquidity Management Game, University of California at Santa Barbara, Economics Working Paper Series (2001) View citations (5) (2001)

Chapters

2013

1. On the Economics of Committed Liquidity Facilities
   A chapter in Liquidity and Funding Markets, 2013 View citations (1)
   See also Working Paper On the economics of committed liquidity facilities, Bank for International Settlements (2014) View citations (4) (2014)
2. The Impact of Unconventional Monetary Policy on the Overnight Interbank Market
   A chapter in Liquidity and Funding Markets, 2013 View citations (19)

2012

3. The financial crisis and the changing dynamics of the yield curve
   A chapter in Threat of fiscal dominance?, 2012, vol. 65, pp 257-276 View citations (3)
   See also Working Paper The Financial Crisis and the Changing Dynamics of the Yield Curve, Faculty of Business and Economics - University of Basel (2012) View citations (3) (2012)