Details about Antoine Martin

Access statistics for papers by Antoine Martin.

Last updated 2022-05-16. Update your information in the RePEc Author Service.

Short-id: pma119

Working Papers

2022

1. How the Fed Adjusts the Fed Funds Rate within Its Target Range
   Liberty Street Economics, Federal Reserve Bank of New York
2. How the Federal Reserve’s Monetary Policy Implementation Framework Has Evolved
   Liberty Street Economics, Federal Reserve Bank of New York
3. How the Fed’s Overnight Reverse Repo Facility Works
   Liberty Street Economics, Federal Reserve Bank of New York
4. Money Market Fund Vulnerabilities: A Global Perspective
   Staff Reports, Federal Reserve Bank of New York View citations (1)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2022) View citations (1)
5. Pricing Liquidity without Preemptive Runs
   Liberty Street Economics, Federal Reserve Bank of New York
6. The Fed’s Balance Sheet Runoff and the ON RRP Facility
   Liberty Street Economics, Federal Reserve Bank of New York
7. The Fed’s Balance Sheet Runoff: The Role of Levered NBFIs and Households
   Liberty Street Economics, Federal Reserve Bank of New York
8. The Fed’s Latest Tool: A Standing Repo Facility
   Liberty Street Economics, Federal Reserve Bank of New York
9. The Future of Payments Is Not Stablecoins
   Liberty Street Economics, Federal Reserve Bank of New York View citations (2)

2021

10. COVID Response: The Primary Dealer Credit Facility
    Staff Reports, Federal Reserve Bank of New York
11. Central Banks and Digital Currencies
    Liberty Street Economics, Federal Reserve Bank of New York
12. Hey, Economist! What’s the Case for Central Bank Digital Currencies?
    Liberty Street Economics, Federal Reserve Bank of New York
13. How Competitive are U.S. Treasury Repo Markets?
    Liberty Street Economics, Federal Reserve Bank of New York
14. Intraday Timing of General Collateral Repo Markets
    Liberty Street Economics, Federal Reserve Bank of New York
15. Repo over the Financial Crisis
    Staff Reports, Federal Reserve Bank of New York
16. The Value of Internal Sources of Funding Liquidity: U.S. Broker-Dealers and the Financial Crisis
    Staff Reports, Federal Reserve Bank of New York
17. Why Central Bank Digital Currencies?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2020

18. Bitcoin Is Not a New Type of Money
    Liberty Street Economics, Federal Reserve Bank of New York
19. Expanding the Toolkit: Facilities Established to Respond to the COVID-19 Pandemic
    Liberty Street Economics, Federal Reserve Bank of New York
20. Explaining the Puzzling Behavior of Short-Term Money Market Rates
    Liberty Street Economics, Federal Reserve Bank of New York
21. How Does Information Affect Liquidity in Over-the-Counter Markets?
    Liberty Street Economics, Federal Reserve Bank of New York
22. Market Failures and Official Sector Interventions
    Liberty Street Economics, Federal Reserve Bank of New York
23. Monetary Policy Implementation With an Ample Supply of Reserves
    Working Paper Series, Federal Reserve Bank of Chicago View citations (4)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020) View citations (4)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020) View citations (3)
    Working Paper Series, Federal Reserve Bank of Chicago (2020) View citations (3)
    Staff Reports, Federal Reserve Bank of New York (2020) View citations (4)
24. The Federal Reserve’s Large-Scale Repo Program
    Liberty Street Economics, Federal Reserve Bank of New York
25. The Market Events of Mid-September 2019
    Staff Reports, Federal Reserve Bank of New York View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (9)
    See also Journal Article in Economic Policy Review (2021)
26. The Official Sector’s Response to the Coronavirus Pandemic and Moral Hazard
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
27. The Primary Dealer Credit Facility
    Liberty Street Economics, Federal Reserve Bank of New York
28. Token- or Account-Based? A Digital Currency Can Be Both
    Liberty Street Economics, Federal Reserve Bank of New York View citations (4)

2019

29. Deciphering Americans’ Views on Cryptocurrencies
    Liberty Street Economics, Federal Reserve Bank of New York View citations (3)
30. Stressed Outflows and the Supply of Central Bank Reserves
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
31. Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets
    Staff Reports, Federal Reserve Bank of New York

2018

32. Can the U.S. Interbank Market Be Revived?
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2018) View citations (3)
    See also Journal Article in Journal of Money, Credit and Banking (2020)
33. How Do the Fed's MBS Holdings Affect the Economy?
    Liberty Street Economics, Federal Reserve Bank of New York
34. How Do the Fed's MBS Purchases Affect Credit Allocation?
    Liberty Street Economics, Federal Reserve Bank of New York

2017

35. A Closer Look at the Fed’s Balance Sheet Accounting
    Liberty Street Economics, Federal Reserve Bank of New York
36. How the Fed Changes the Size of Its Balance Sheet
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
37. How the Fed Changes the Size of Its Balance Sheet: The Case of Mortgage-Backed Securities
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
38. Regulatory Incentives and Quarter-End Dynamics in the Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York
39. Why Pay Interest on Excess Reserve Balances?
    Liberty Street Economics, Federal Reserve Bank of New York
40. Why Pay Interest on Required Reserve Balances?
    Liberty Street Economics, Federal Reserve Bank of New York

2016

41. Counterparties and Collateral Requirements for Implementing Monetary Policy
    Liberty Street Economics, Federal Reserve Bank of New York
42. How Do Central Bank Balance Sheets Change in Times of Crisis?
    Liberty Street Economics, Federal Reserve Bank of New York
43. Implementing Monetary Policy Post-Crisis: What Do We Need to Know?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
44. Interbank market and central bank policy
    Staff Reports, Federal Reserve Bank of New York View citations (4)
45. Standard Elements of a Monetary Policy Implementation Framework
    Liberty Street Economics, Federal Reserve Bank of New York
46. Understanding the Interbank GCF Repo® Market
    Liberty Street Economics, Federal Reserve Bank of New York
47. What Is the Composition of Central Bank Balance Sheets in Normal Times?
    Liberty Street Economics, Federal Reserve Bank of New York
48. What’s Up with GCF Repo®?
    Liberty Street Economics, Federal Reserve Bank of New York

2015

49. Federal Reserve Tools for Managing Rates and Reserves
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (21)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (12)
50. Financial Innovation: Evolution of the Tri-Party Repo Arrangement
    Liberty Street Economics, Federal Reserve Bank of New York
51. Financial Innovation: The Origins of the Tri-Party Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York
52. Floor systems and the Friedman rule: the fiscal arithmetic of open market operations
    Staff Reports, Federal Reserve Bank of New York View citations (2)
53. Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (13)
    Also in Staff Reports, Federal Reserve Bank of New York (2015) View citations (13)
54. Segregated balance accounts
    Staff Reports, Federal Reserve Bank of New York View citations (6)
55. The Tri-Party Repo Market Like You Have Never Seen It Before
    Liberty Street Economics, Federal Reserve Bank of New York

2014

56. A primer on the GCF Repo® Service
    Staff Reports, Federal Reserve Bank of New York View citations (6)
57. Gates, Fees, and Preemptive Runs
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (6)
    Also in Liberty Street Economics, Federal Reserve Bank of New York (2014) View citations (3)
    Staff Reports, Federal Reserve Bank of New York (2014) View citations (8)
58. Lifting the Veil on the U.S. Bilateral Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York
59. Measuring Settlement Fails
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
60. Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It's Okay
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
61. What Explains the June Spike in Treasury Settlement Fails?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2013

62. Are Higher Haircuts Better? A Paradox
    Liberty Street Economics, Federal Reserve Bank of New York
63. Magnifying the Risk of Fire Sales in the Tri-Party Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York
64. Money market funds intermediation, bank instability, and contagion
    Staff Reports, Federal Reserve Bank of New York View citations (3)
65. Pick Your Poison: How Money Market Funds Reacted to Financial Stress in 2011
    Liberty Street Economics, Federal Reserve Bank of New York
66. Repo Runs
    Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations (1)
    Also in Staff Reports, Federal Reserve Bank of New York (2010) View citations (1)
    FMG Discussion Papers, Financial Markets Group (2011) View citations (4)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010) View citations (1)
    Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (13)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010) View citations (1)
    See also Journal Article in Review of Financial Studies (2014)
67. The Fragility of Short-Term Secured Funding Markets
    Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (11)
    See also Journal Article in Journal of Economic Theory (2014)
68. The Fragility of an MMF-Intermediated Financial System
    Liberty Street Economics, Federal Reserve Bank of New York
69. The risk of fire sales in the tri-party repo market
    Staff Reports, Federal Reserve Bank of New York View citations (7)
    See also Journal Article in Contemporary Economic Policy (2016)
70. Twenty-Eight Money Market Funds That Could Have Broken the Buck: New Data on Losses during the 2008 Crisis
    Liberty Street Economics, Federal Reserve Bank of New York

2012

71. How the High Level of Reserves Benefits the Payment System
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
72. Is Risk Rising in the Tri-Party Repo Market?
    Liberty Street Economics, Federal Reserve Bank of New York
73. Mapping and Sizing the U.S. Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York
74. Money Market Funds and Systemic Risk
    Liberty Street Economics, Federal Reserve Bank of New York
75. Repo and Securities Lending
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    Also in Staff Reports, Federal Reserve Bank of New York (2012) View citations (7)
    See also Chapter (2013)
76. Repos, fire sales, and bankruptcy policy
    Working Paper Series, Federal Reserve Bank of Chicago View citations (9)
    See also Journal Article in Review of Economic Dynamics (2015)
77. The Minimum Balance at Risk: A Proposal to Stabilize Money Market Funds
    Liberty Street Economics, Federal Reserve Bank of New York
78. The Odd Behavior of Repo Haircuts during the Financial Crisis
    Liberty Street Economics, Federal Reserve Bank of New York
79. The minimum balance at risk: a proposal to mitigate the systemic risks posed by money market funds
    Staff Reports, Federal Reserve Bank of New York View citations (11)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2012) View citations (6)
    See also Journal Article in Brookings Papers on Economic Activity (2013)

2011

80. A note on bank lending in times of large bank reserves
    Staff Reports, Federal Reserve Bank of New York View citations (7)
81. Bank capital regulation and structured finance
    Staff Reports, Federal Reserve Bank of New York View citations (2)
    See also Journal Article in Journal of Money, Credit and Banking (2013)
82. Everything You Wanted to Know about the Tri-Party Repo Market, but Didn't Know to Ask
    Liberty Street Economics, Federal Reserve Bank of New York
83. Remaining Risks in the Tri-Party Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York
84. Repo runs: evidence from the tri-party repo market
    Staff Reports, Federal Reserve Bank of New York View citations (107)
    See also Journal Article in Journal of Finance (2014)
85. Stabilizing the Tri-Party Repo Market by Eliminating the “Unwind”
    Liberty Street Economics, Federal Reserve Bank of New York

2010

86. Bank Liquidity, Interbank Markets and Monetary Policy
    Working Papers, Barcelona School of Economics View citations (52)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2010) View citations (14)
    Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (13)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010) View citations (14)
    Staff Reports, Federal Reserve Bank of New York (2009) View citations (17)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2010) View citations (19)
    See also Journal Article in Review of Financial Studies (2011)
87. Liquidity-saving mechanisms in collateral-based RTGS payment systems
    Staff Reports, Federal Reserve Bank of New York View citations (5)
    Also in Bank of England working papers, Bank of England (2010) View citations (6)
    See also Journal Article in Annals of Finance (2013)
88. Quantifying the benefits of a liquidity-saving mechanism
    Staff Reports, Federal Reserve Bank of New York View citations (2)
89. The tri-party repo market before the 2010 reforms
    Staff Reports, Federal Reserve Bank of New York View citations (66)

2009

90. Monetary policy implementation frameworks: a comparative analysis
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
    Also in Staff Reports, Federal Reserve Bank of New York (2008) View citations (1)
    See also Journal Article in Macroeconomic Dynamics (2011)
91. Optimal Monetary Policy and Economic Growth
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (18)
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2006)
    ISU General Staff Papers, Iowa State University, Department of Economics (2009)
    See also Journal Article in European Economic Review (2009)
92. Why does overnight liquidity cost more than intraday liquidity?
    ISU General Staff Papers, Iowa State University, Department of Economics
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2007) View citations (7)
    Staff Reports, Federal Reserve Bank of New York (2007) View citations (7)
    ISU General Staff Papers, Iowa State University, Department of Economics (2007)
    See also Journal Article in Journal of Economic Dynamics and Control (2009)

2008

93. A study of competing designs for a liquidity-saving mechanism
    Staff Reports, Federal Reserve Bank of New York View citations (24)
    See also Journal Article in Journal of Banking & Finance (2010)
94. Should there be intraday money markets?
    Staff Reports, Federal Reserve Bank of New York View citations (3)
    See also Journal Article in Contemporary Economic Policy (2010)
95. The welfare effects of a liquidity-saving mechanism
    Staff Reports, Federal Reserve Bank of New York View citations (29)
96. Understanding the cost difference between intraday and overnight liquidity
    ISU General Staff Papers, Iowa State University, Department of Economics
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2003)
    See also Journal Article in Journal of Financial Transformation (2008)
97. Who is Afraid of the Friedman Rule
    ISU General Staff Papers, Iowa State University, Department of Economics View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2005)
    Staff General Research Papers Archive, Iowa State University, Department of Economics (2004) View citations (4)
    Working Papers, Department of Economics, University of Missouri (2004)
    See also Journal Article in Economic Inquiry (2008)

2007

98. Financial Intermediaries, Markets, and Growth
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2004) View citations (3)
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2005) View citations (1)
    Research Working Paper, Federal Reserve Bank of Kansas City (2004) View citations (5)
    See also Journal Article in Journal of Money, Credit and Banking (2008)
99. Liquidity saving mechanisms
    2007 Meeting Papers, Society for Economic Dynamics View citations (5)
    Also in Staff Reports, Federal Reserve Bank of New York (2007) View citations (10)
    See also Journal Article in Journal of Monetary Economics (2008)
100. Money, output and the payment system: Optimal monetary policy in a model with hidden effort
     Working Papers, Department of Economics, University of Missouri View citations (4)
101. Rediscounting Under Aggregate Risk with Moral Hazard
     Staff Working Papers, Bank of Canada View citations (7)
     Also in Staff Reports, Federal Reserve Bank of New York (2007) View citations (12)
     See also Journal Article in Journal of Money, Credit and Banking (2013)

2006

102. Payment networks in a search model of money
     Staff Reports, Federal Reserve Bank of New York View citations (4)
     Also in 2006 Meeting Papers, Society for Economic Dynamics (2006)
     See also Journal Article in Review of Economic Dynamics (2008)
103. Sub-optimality of the Friedman rule in Townsend's turnpike and stochastic relocation models of money: do finite lives and initial dates matter?
     ISU General Staff Papers, Iowa State University, Department of Economics
     Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2005) View citations (3)
     ISU General Staff Papers, Iowa State University, Department of Economics (2005)
     See also Journal Article in Journal of Economic Dynamics and Control (2006)

2005

104. Banks, Markets, and Efficiency
     Finance, University Library of Munich, Germany
     Also in Staff Reports, Federal Reserve Bank of New York (2005)
     Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank (2005)
     See also Journal Article in Annals of Finance (2009)
105. Barriers to network-specific innovation
     Staff Reports, Federal Reserve Bank of New York
     Also in Research Working Paper, Federal Reserve Bank of Kansas City (2004) View citations (1)
106. Heterogeneity, redistribution, and the Friedman rule
     ISU General Staff Papers, Iowa State University, Department of Economics
     Also in ISU General Staff Papers, Iowa State University, Department of Economics (2004)
     Staff General Research Papers Archive, Iowa State University, Department of Economics (2004) View citations (11)
     Research Working Paper, Federal Reserve Bank of Kansas City (2004) View citations (15)
     See also Journal Article in International Economic Review (2005)
107. Optimality of the Friedman rule in an overlapping generations model with spatial separation
     Staff Reports, Federal Reserve Bank of New York View citations (2)
     Also in Research Working Paper, Federal Reserve Bank of Kansas City (2003) View citations (6)
     Working Papers, Department of Economics, University of Missouri (2003) View citations (15)
     See also Journal Article in Journal of Money, Credit and Banking (2007)
108. Reconciling Bagehot with the Fed's response to September 11
     Staff Reports, Federal Reserve Bank of New York View citations (5)
109. The Tobin effect and the Friedman rule
     Staff Reports, Federal Reserve Bank of New York

2004

110. Sub-Optimality of the Friedman Rule in Townsends Turnpike and Limited Communication Models of money: Do finite lives and initial dates matter?
     Working Papers, Department of Economics, University of Missouri View citations (1)

2003

111. Currency competition: a partial vindication of Hayek
     Research Working Paper, Federal Reserve Bank of Kansas City View citations (3)
     See also Journal Article in Journal of Monetary Economics (2006)

2002

112. Endogenous multiple currencies
     Research Working Paper, Federal Reserve Bank of Kansas City
     See also Journal Article in Journal of Money, Credit and Banking (2006)
113. Optimal pricing of intra-day liquidity
     Research Working Paper, Federal Reserve Bank of Kansas City View citations (3)
     See also Journal Article in Journal of Monetary Economics (2004)
114. Reconciling Bagehot with the Fed's response to Sept. 11
     Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)

2001

115. Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard?
     Research Working Paper, Federal Reserve Bank of Kansas City View citations (4)
     See also Journal Article in Economic Theory (2006)
116. When should labor contracts be nominal?
     Research Working Paper, Federal Reserve Bank of Kansas City
     Also in Working Papers, Federal Reserve Bank of Minneapolis (2000)

2000

117. Costly banknote issuance and interest rates under the national banking system
     Working Papers, Federal Reserve Bank of Minneapolis View citations (2)

Journal Articles

2021

1. The Market Events of Mid-September 2019
   Economic Policy Review, 2021, 27, (2), 26
   See also Working Paper (2020)

2020

2. Can the U.S. Interbank Market Be Revived?
   Journal of Money, Credit and Banking, 2020, 52, (7), 1645-1689 View citations (6)
   See also Working Paper (2018)
3. Editors’ Introduction to the Special Issue
   Journal of Money, Credit and Banking, 2020, 52, (S2), 317-318

2016

4. Bank Lending in Times of Large Bank Reserves
   International Journal of Central Banking, 2016, 12, (4), 193-222 View citations (39)
5. THE RISK OF FIRE SALES IN THE TRI-PARTY REPO MARKET
   Contemporary Economic Policy, 2016, 34, (3), 513-530
   See also Working Paper (2013)

2015

6. An empirical analysis of the GCF Repo® Service
   Economic Policy Review, 2015, (2), 25-37 View citations (1)
7. Repos, Fire Sales, and Bankruptcy Policy
   Review of Economic Dynamics, 2015, 18, (1), 21-31 View citations (15)
   See also Working Paper (2012)

2014

8. Repo Runs
   Review of Financial Studies, 2014, 27, (4), 957-989 View citations (12)
   See also Working Paper (2013)
9. Repo Runs: Evidence from the Tri-Party Repo Market
   Journal of Finance, 2014, 69, (6), 2343-2380 View citations (140)
   See also Working Paper (2011)
10. The fragility of short-term secured funding markets
    Journal of Economic Theory, 2014, 149, (C), 15-42 View citations (16)
    See also Working Paper (2013)

2013

11. Bank Capital Regulation and Structured Finance
    Journal of Money, Credit and Banking, 2013, 45, (1), 87-119 View citations (8)
    Also in Journal of Money, Credit and Banking, 2013, 45, (1), 87-119 (2013) View citations (2)
    See also Working Paper (2011)
12. Liquidity-saving mechanisms in collateral-based RTGS payment systems
    Annals of Finance, 2013, 9, (1), 29-60 View citations (7)
    See also Working Paper (2010)
13. Rediscounting under Aggregate Risk with Moral Hazard
    Journal of Money, Credit and Banking, 2013, 45, (4), 651-674 View citations (2)
    Also in Journal of Money, Credit and Banking, 2013, 45, (4), 651-674 (2013) View citations (14)
    See also Working Paper (2007)
14. The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds
    Brookings Papers on Economic Activity, 2013, 44, (1 (Spring)), 211-278 View citations (7)
    See also Working Paper (2012)

2012

15. Explaining the U.S. tri-party repo market
    Economic Policy Review, 2012, 18, (Nov), 17-28 View citations (1)
16. Settlement liquidity and monetary policy implementation—lessons from the financial crisis
    Economic Policy Review, 2012, 18, (Mar), 3-20 View citations (9)

2011

17. Bank Liquidity, Interbank Markets, and Monetary Policy
    Review of Financial Studies, 2011, 24, (8), 2656-2692 View citations (147)
    See also Working Paper (2010)
18. MONETARY POLICY IMPLEMENTATION FRAMEWORKS: A COMPARATIVE ANALYSIS
    Macroeconomic Dynamics, 2011, 15, (S1), 145-189 View citations (7)
    See also Working Paper (2009)
19. Monetary policy implementation: common goals but different practices
    Current Issues in Economics and Finance, 2011, 17, (Nov) View citations (7)

2010

20. A study of competing designs for a liquidity-saving mechanism
    Journal of Banking & Finance, 2010, 34, (8), 1818-1826 View citations (6)
    See also Working Paper (2008)
21. Discussion: Interest Rate Dynamics and Monetary Policy Implementation in Switzerland
    Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 341-348
22. SHOULD THERE BE INTRADAY MONEY MARKETS?
    Contemporary Economic Policy, 2010, 28, (1), 110-122 View citations (5)
    See also Working Paper (2008)

2009

23. A transposon-induced epigenetic change leads to sex determination in melon
    Nature, 2009, 461, (7267), 1135-1138
24. Banks, markets, and efficiency
    Annals of Finance, 2009, 5, (2), 131-160 View citations (2)
    See also Working Paper (2005)
25. Optimal monetary policy and economic growth
    European Economic Review, 2009, 53, (2), 210-221 View citations (15)
    See also Working Paper (2009)
26. Reconciling Bagehot and the Fed's Response to September 11
    Journal of Money, Credit and Banking, 2009, 41, (2‐3), 397-415
    Also in Journal of Money, Credit and Banking, 2009, 41, (2-3), 397-415 (2009) View citations (9)
27. Why does overnight liquidity cost more than intraday liquidity?
    Journal of Economic Dynamics and Control, 2009, 33, (6), 1236-1246 View citations (9)
    See also Working Paper (2009)

2008

28. An economic analysis of liquidity-saving mechanisms
    Economic Policy Review, 2008, 14, (Sep), 25-39 View citations (30)
29. An economic perspective on the enforcement of credit arrangements: the case of daylight overdrafts in Fedwire
    Economic Policy Review, 2008, 14, (Sep), 161-168 View citations (1)
30. Divorcing money from monetary policy
    Economic Policy Review, 2008, 14, (Sep), 41-56 View citations (92)
31. Financial Intermediaries, Markets, and Growth
    Journal of Money, Credit and Banking, 2008, 40, (4), 701-720 View citations (16)
    Also in Journal of Money, Credit and Banking, 2008, 40, (4), 701-720 (2008) View citations (4)
    See also Working Paper (2007)
32. Liquidity-saving mechanisms
    Journal of Monetary Economics, 2008, 55, (3), 554-567 View citations (37)
    See also Working Paper (2007)
33. Marcos de implementación de la política monetaria: un análisis comparativo
    Monetaria, 2008, XXXI, (2), 221-262
34. Payment networks in a search model of money
    Review of Economic Dynamics, 2008, 11, (1), 104-132 View citations (6)
    See also Working Paper (2006)
35. Understanding the cost difference between intraday and overnight liquidity
    Journal of Financial Transformation, 2008, 24, 105-107 View citations (1)
    See also Working Paper (2008)
36. WHO IS AFRAID OF THE FRIEDMAN RULE?
    Economic Inquiry, 2008, 46, (2), 113-130 View citations (4)
    See also Working Paper (2008)

2007

37. Barriers to network-specific investment
    Review of Economic Dynamics, 2007, 10, (4), 705-728 View citations (1)
38. Optimality of the Friedman Rule in an Overlapping Generations Model with Spatial Separation
    Journal of Money, Credit and Banking, 2007, 39, (7), 1741-1758 View citations (1)
    Also in Journal of Money, Credit and Banking, 2007, 39, (7), 1741-1758 (2007) View citations (20)
    See also Working Paper (2005)

2006

39. Contracts and Money Revisited
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-15 View citations (3)
40. Currency competition: A partial vindication of Hayek
    Journal of Monetary Economics, 2006, 53, (8), 2085-2111 View citations (16)
    See also Working Paper (2003)
41. Endogenous Multiple Currencies
    Journal of Money, Credit and Banking, 2006, 38, (1), 245-262 View citations (5)
    See also Working Paper (2002)
42. Is competition in the financial sector a good thing?
    Journal of Financial Transformation, 2006, 17, 123-129
43. Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard
    Economic Theory, 2006, 28, (1), 197-211 View citations (65)
    See also Working Paper (2001)
44. Sub-optimality of the Friedman rule in Townsend's turnpike and stochastic relocation models of money: Do finite lives and initial dates matter?
    Journal of Economic Dynamics and Control, 2006, 30, (5), 879-897 View citations (2)
    See also Working Paper (2006)

2005

45. Evolución reciente de los sistemas de pagos de alto valor: equilibrando la liquidez y el riesgo.Antoine Martin
    Boletín, 2005, LI, (3), 111-122
46. HETEROGENEITY, REDISTRIBUTION, AND THE FRIEDMAN RULE
    International Economic Review, 2005, 46, (2), 437-454 View citations (52)
    See also Working Paper (2005)
47. Recent evolution of large-value payment systems: balancing liquidity and risk
    Economic Review, 2005, 90, (Q I), 33-57 View citations (6)

2004

48. Innovation on networks: Coordination, governance, and the case of VISA
    Journal of Financial Transformation, 2004, 12, 104-106 View citations (3)
49. Optimal pricing of intraday liquidity
    Journal of Monetary Economics, 2004, 51, (2), 401-424 View citations (41)
    See also Working Paper (2002)

2003

50. A guide to deposit insurance reform
    Economic Review, 2003, 88, (Q I), 29-54

2000

51. An integrated introduction to spreadsheet and programming skills for operational research students
    Journal of the Operational Research Society, 2000, 51, (12), 1399-1408 View citations (2)

Chapters

2013

1. Repo and Securities Lending
   A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2013, pp 131-148 View citations (37)
   See also Working Paper (2012)