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Details about Antoine Martin

Homepage:http://www.newyorkfed.org/research/economists/martin/index.html
Phone:(212) 720 6943
Postal address:Research and Statistic Payments Studies Function Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045
Workplace:Research and Statistics Group, Federal Reserve Bank of New York, (more information at EDIRC)

Access statistics for papers by Antoine Martin.

Last updated 2024-03-08. Update your information in the RePEc Author Service.

Short-id: pma119


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

2021

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

2020

  1. Bitcoin Is Not a New Type of Money
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  2. Expanding the Toolkit: Facilities Established to Respond to the COVID-19 Pandemic
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  3. Explaining the Puzzling Behavior of Short-Term Money Market Rates
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  4. How Does Information Affect Liquidity in Over-the-Counter Markets?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  5. Market Failures and Official Sector Interventions
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  6. Monetary Policy Implementation With an Ample Supply of Reserves
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (4)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020) Downloads View citations (3)
    Working Paper Series, Federal Reserve Bank of Chicago (2020) Downloads View citations (3)
    Staff Reports, Federal Reserve Bank of New York (2020) Downloads View citations (4)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020) Downloads View citations (4)
  7. The Federal Reserve’s Large-Scale Repo Program
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  8. The Market Events of Mid-September 2019
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (11)

    See also Journal Article The Market Events of Mid-September 2019, Economic Policy Review, Federal Reserve Bank of New York (2021) Downloads (2021)
  9. The Official Sector’s Response to the Coronavirus Pandemic and Moral Hazard
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (1)
  10. The Primary Dealer Credit Facility
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  11. Token- or Account-Based? A Digital Currency Can Be Both
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (4)

2019

  1. Deciphering Americans’ Views on Cryptocurrencies
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (3)
  2. Stressed Outflows and the Supply of Central Bank Reserves
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (2)
  3. Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets
    Staff Reports, Federal Reserve Bank of New York Downloads

2018

  1. Can the U.S. Interbank Market Be Revived?
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta Downloads
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2018) Downloads View citations (3)

    See also Journal Article Can the U.S. Interbank Market Be Revived?, Journal of Money, Credit and Banking, Blackwell Publishing (2020) Downloads View citations (7) (2020)
  2. How Do the Fed's MBS Holdings Affect the Economy?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  3. How Do the Fed's MBS Purchases Affect Credit Allocation?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads

2017

  1. A Closer Look at the Fed’s Balance Sheet Accounting
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  2. How the Fed Changes the Size of Its Balance Sheet
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (1)
  3. 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 Downloads View citations (2)
  4. Regulatory Incentives and Quarter-End Dynamics in the Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  5. Why Pay Interest on Excess Reserve Balances?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  6. Why Pay Interest on Required Reserve Balances?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads

2016

  1. Counterparties and Collateral Requirements for Implementing Monetary Policy
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  2. How Do Central Bank Balance Sheets Change in Times of Crisis?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  3. Implementing Monetary Policy Post-Crisis: What Do We Need to Know?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (1)
  4. Liquidity, Collateral Quality, and Negative Interest Rate
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (5)
  5. Standard Elements of a Monetary Policy Implementation Framework
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  6. Understanding the Interbank GCF Repo® Market
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  7. What Is the Composition of Central Bank Balance Sheets in Normal Times?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  8. What’s Up with GCF Repo®?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads

2015

  1. Federal Reserve Tools for Managing Rates and Reserves
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (21)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) Downloads View citations (13)
  2. Financial Innovation: Evolution of the Tri-Party Repo Arrangement
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  3. Financial Innovation: The Origins of the Tri-Party Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  4. Floor systems and the Friedman rule: the fiscal arithmetic of open market operations
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (2)
  5. 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.) Downloads View citations (16)
    Also in Staff Reports, Federal Reserve Bank of New York (2015) Downloads View citations (16)
  6. Segregated balance accounts
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (7)
  7. The Tri-Party Repo Market Like You Have Never Seen It Before
    Liberty Street Economics, Federal Reserve Bank of New York Downloads

2014

  1. A primer on the GCF Repo® Service
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (6)
  2. Gates, Fees, and Preemptive Runs
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (9)
    Also in Staff Reports, Federal Reserve Bank of New York (2014) Downloads View citations (11)
    Liberty Street Economics, Federal Reserve Bank of New York (2014) Downloads View citations (6)
  3. Lifting the Veil on the U.S. Bilateral Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  4. Measuring Settlement Fails
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (1)
  5. Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It's Okay
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (2)
  6. What Explains the June Spike in Treasury Settlement Fails?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (1)

2013

  1. Are Higher Haircuts Better? A Paradox
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  2. Magnifying the Risk of Fire Sales in the Tri-Party Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  3. Money market funds intermediation, bank instability, and contagion
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (4)
  4. Pick Your Poison: How Money Market Funds Reacted to Financial Stress in 2011
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  5. 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 Downloads View citations (1)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2010) Downloads View citations (1)
    Discussion Paper, Tilburg University, Center for Economic Research (2010) Downloads View citations (13)
    Staff Reports, Federal Reserve Bank of New York (2010) Downloads View citations (1)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010) Downloads View citations (1)
    FMG Discussion Papers, Financial Markets Group (2011) Downloads View citations (4)

    See also Journal Article Repo Runs, The Review of Financial Studies, Society for Financial Studies (2014) Downloads View citations (12) (2014)
  6. 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 Downloads View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) Downloads View citations (11)

    See also Journal Article The fragility of short-term secured funding markets, Journal of Economic Theory, Elsevier (2014) Downloads View citations (16) (2014)
  7. The Fragility of an MMF-Intermediated Financial System
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  8. The risk of fire sales in the tri-party repo market
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (7)
    See also Journal Article THE RISK OF FIRE SALES IN THE TRI-PARTY REPO MARKET, Contemporary Economic Policy, Western Economic Association International (2016) Downloads (2016)
  9. 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 Downloads

2012

  1. How the High Level of Reserves Benefits the Payment System
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (1)
  2. Is Risk Rising in the Tri-Party Repo Market?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  3. Mapping and Sizing the U.S. Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  4. Money Market Funds and Systemic Risk
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  5. Repo and Securities Lending
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    Also in Staff Reports, Federal Reserve Bank of New York (2012) Downloads View citations (7)

    See also Chapter Repo and Securities Lending, NBER Chapters, National Bureau of Economic Research, Inc (2013) Downloads View citations (39) (2013)
  6. Repos, fire sales, and bankruptcy policy
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (9)
    See also Journal Article Repos, Fire Sales, and Bankruptcy Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) Downloads View citations (15) (2015)
  7. The Minimum Balance at Risk: A Proposal to Stabilize Money Market Funds
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  8. The Odd Behavior of Repo Haircuts during the Financial Crisis
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  9. The minimum balance at risk: a proposal to mitigate the systemic risks posed by money market funds
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (6)
    Also in Staff Reports, Federal Reserve Bank of New York (2012) Downloads View citations (11)

    See also Journal Article The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2013) Downloads View citations (8) (2013)

2011

  1. A note on bank lending in times of large bank reserves
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (7)
  2. Bank capital regulation and structured finance
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (2)
    See also Journal Article Bank Capital Regulation and Structured Finance, Journal of Money, Credit and Banking, Blackwell Publishing (2013) Downloads View citations (8) (2013)
  3. 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 Downloads View citations (3)
  4. Remaining Risks in the Tri-Party Repo Market
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  5. Repo runs: evidence from the tri-party repo market
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (107)
    See also Journal Article Repo Runs: Evidence from the Tri-Party Repo Market, Journal of Finance, American Finance Association (2014) Downloads View citations (160) (2014)
  6. Stabilizing the Tri-Party Repo Market by Eliminating the “Unwind”
    Liberty Street Economics, Federal Reserve Bank of New York Downloads

2010

  1. Bank Liquidity, Interbank Markets and Monetary Policy
    Working Papers, Barcelona School of Economics Downloads View citations (52)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2010) Downloads View citations (14)
    Discussion Paper, Tilburg University, Center for Economic Research (2010) Downloads View citations (13)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2010) Downloads View citations (19)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010) Downloads View citations (14)
    Staff Reports, Federal Reserve Bank of New York (2009) Downloads View citations (17)

    See also Journal Article Bank Liquidity, Interbank Markets, and Monetary Policy, The Review of Financial Studies, Society for Financial Studies (2011) Downloads View citations (150) (2011)
  2. Liquidity-saving mechanisms in collateral-based RTGS payment systems
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (5)
    Also in Bank of England working papers, Bank of England (2010) Downloads View citations (6)

    See also Journal Article Liquidity-saving mechanisms in collateral-based RTGS payment systems, Annals of Finance, Springer (2013) Downloads View citations (8) (2013)
  3. Quantifying the benefits of a liquidity-saving mechanism
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (2)
  4. The tri-party repo market before the 2010 reforms
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (66)

2009

  1. Monetary policy implementation frameworks: a comparative analysis
    Working Papers, Federal Reserve Bank of Philadelphia Downloads View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2008) Downloads View citations (1)

    See also Journal Article MONETARY POLICY IMPLEMENTATION FRAMEWORKS: A COMPARATIVE ANALYSIS, Macroeconomic Dynamics, Cambridge University Press (2011) Downloads View citations (7) (2011)
  2. Optimal Monetary Policy and Economic Growth
    Staff General Research Papers Archive, Iowa State University, Department of Economics Downloads View citations (20)
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2006) Downloads
    ISU General Staff Papers, Iowa State University, Department of Economics (2009) Downloads

    See also Journal Article Optimal monetary policy and economic growth, European Economic Review, Elsevier (2009) Downloads View citations (16) (2009)
  3. Why does overnight liquidity cost more than intraday liquidity?
    ISU General Staff Papers, Iowa State University, Department of Economics Downloads
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2007) Downloads View citations (7)
    Staff Reports, Federal Reserve Bank of New York (2007) Downloads View citations (7)
    ISU General Staff Papers, Iowa State University, Department of Economics (2007) Downloads

    See also Journal Article Why does overnight liquidity cost more than intraday liquidity?, Journal of Economic Dynamics and Control, Elsevier (2009) Downloads View citations (9) (2009)

2008

  1. A study of competing designs for a liquidity-saving mechanism
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (24)
    See also Journal Article A study of competing designs for a liquidity-saving mechanism, Journal of Banking & Finance, Elsevier (2010) Downloads View citations (6) (2010)
  2. Should there be intraday money markets?
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (3)
    See also Journal Article SHOULD THERE BE INTRADAY MONEY MARKETS?, Contemporary Economic Policy, Western Economic Association International (2010) Downloads View citations (5) (2010)
  3. The welfare effects of a liquidity-saving mechanism
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (29)
  4. Understanding the cost difference between intraday and overnight liquidity
    ISU General Staff Papers, Iowa State University, Department of Economics Downloads
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2003)

    See also Journal Article Understanding the cost difference between intraday and overnight liquidity, Journal of Financial Transformation, Capco Institute (2008) View citations (1) (2008)
  5. Who is Afraid of the Friedman Rule
    ISU General Staff Papers, Iowa State University, Department of Economics Downloads View citations (3)
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2004) Downloads View citations (4)
    Working Papers, Department of Economics, University of Missouri (2004) Downloads
    Staff Reports, Federal Reserve Bank of New York (2005) Downloads

    See also Journal Article WHO IS AFRAID OF THE FRIEDMAN RULE?, Economic Inquiry, Western Economic Association International (2008) Downloads View citations (4) (2008)

2007

  1. Financial Intermediaries, Markets, and Growth
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics Downloads
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2005) Downloads View citations (1)
    Research Working Paper, Federal Reserve Bank of Kansas City (2004) Downloads View citations (5)
    Working Papers, Federal Reserve Bank of Philadelphia (2004) Downloads View citations (3)

    See also Journal Article Financial Intermediaries, Markets, and Growth, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (18) (2008)
  2. Liquidity saving mechanisms
    2007 Meeting Papers, Society for Economic Dynamics Downloads View citations (5)
    Also in Staff Reports, Federal Reserve Bank of New York (2007) Downloads View citations (10)

    See also Journal Article Liquidity-saving mechanisms, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (37) (2008)
  3. Money, output and the payment system: Optimal monetary policy in a model with hidden effort
    Working Papers, Department of Economics, University of Missouri Downloads View citations (4)
  4. Rediscounting Under Aggregate Risk with Moral Hazard
    Staff Working Papers, Bank of Canada Downloads View citations (7)
    Also in Staff Reports, Federal Reserve Bank of New York (2007) Downloads View citations (12)

    See also Journal Article Rediscounting under Aggregate Risk with Moral Hazard, Journal of Money, Credit and Banking, Blackwell Publishing (2013) Downloads View citations (2) (2013)

2006

  1. Payment networks in a search model of money
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (4)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006)

    See also Journal Article Payment networks in a search model of money, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2008) Downloads View citations (6) (2008)
  2. 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 Downloads
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2005) Downloads View citations (4)
    ISU General Staff Papers, Iowa State University, Department of Economics (2005) Downloads

    See also Journal Article 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, Elsevier (2006) Downloads View citations (6) (2006)

2005

  1. Banks, Markets, and Efficiency
    Finance, University Library of Munich, Germany Downloads
    Also in Staff Reports, Federal Reserve Bank of New York (2005) Downloads
    Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank (2005) Downloads

    See also Journal Article Banks, markets, and efficiency, Annals of Finance, Springer (2009) Downloads View citations (2) (2009)
  2. Barriers to network-specific innovation
    Staff Reports, Federal Reserve Bank of New York Downloads
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2004) Downloads View citations (1)
  3. Heterogeneity, redistribution, and the Friedman rule
    ISU General Staff Papers, Iowa State University, Department of Economics Downloads
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2004) Downloads View citations (15)
    ISU General Staff Papers, Iowa State University, Department of Economics (2004) Downloads
    Staff General Research Papers Archive, Iowa State University, Department of Economics (2004) Downloads View citations (11)

    See also Journal Article HETEROGENEITY, REDISTRIBUTION, AND THE FRIEDMAN RULE, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2005) View citations (53) (2005)
  4. Optimality of the Friedman rule in an overlapping generations model with spatial separation
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (2)
    Also in Working Papers, Department of Economics, University of Missouri (2003) Downloads View citations (15)
    Research Working Paper, Federal Reserve Bank of Kansas City (2003) Downloads View citations (8)

    See also Journal Article Optimality of the Friedman Rule in an Overlapping Generations Model with Spatial Separation, Journal of Money, Credit and Banking, Blackwell Publishing (2007) Downloads View citations (1) (2007)
  5. Reconciling Bagehot with the Fed's response to September 11
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (5)
  6. The Tobin effect and the Friedman rule
    Staff Reports, Federal Reserve Bank of New York Downloads

2004

  1. 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 Downloads View citations (1)

2003

  1. Currency competition: a partial vindication of Hayek
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (5)
    See also Journal Article Currency competition: A partial vindication of Hayek, Journal of Monetary Economics, Elsevier (2006) Downloads View citations (18) (2006)

2002

  1. Endogenous multiple currencies
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads
    See also Journal Article Endogenous Multiple Currencies, Journal of Money, Credit and Banking, Blackwell Publishing (2006) Downloads View citations (5) (2006)
  2. Optimal pricing of intra-day liquidity
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (3)
    See also Journal Article Optimal pricing of intraday liquidity, Journal of Monetary Economics, Elsevier (2004) Downloads View citations (41) (2004)
  3. Reconciling Bagehot with the Fed's response to Sept. 11
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (1)

2001

  1. Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard?
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (5)
    See also Journal Article Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard, Economic Theory, Springer (2006) Downloads View citations (69) (2006)
  2. When should labor contracts be nominal?
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) Downloads

2000

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

Journal Articles

2021

  1. The Market Events of Mid-September 2019
    Economic Policy Review, 2021, 27, (2), 26 Downloads
    See also Working Paper The Market Events of Mid-September 2019, Staff Reports (2020) Downloads View citations (6) (2020)

2020

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

2016

  1. Bank Lending in Times of Large Bank Reserves
    International Journal of Central Banking, 2016, 12, (4), 193-222 Downloads View citations (43)
  2. THE RISK OF FIRE SALES IN THE TRI-PARTY REPO MARKET
    Contemporary Economic Policy, 2016, 34, (3), 513-530 Downloads
    See also Working Paper The risk of fire sales in the tri-party repo market, Staff Reports (2013) Downloads View citations (7) (2013)

2015

  1. An empirical analysis of the GCF Repo® Service
    Economic Policy Review, 2015, (2), 25-37 Downloads View citations (1)
  2. Repos, Fire Sales, and Bankruptcy Policy
    Review of Economic Dynamics, 2015, 18, (1), 21-31 Downloads View citations (15)
    See also Working Paper Repos, fire sales, and bankruptcy policy, Working Paper Series (2012) Downloads View citations (9) (2012)

2014

  1. Repo Runs
    The Review of Financial Studies, 2014, 27, (4), 957-989 Downloads View citations (12)
    See also Working Paper Repo Runs, Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems (2013) Downloads View citations (1) (2013)
  2. Repo Runs: Evidence from the Tri-Party Repo Market
    Journal of Finance, 2014, 69, (6), 2343-2380 Downloads View citations (160)
    See also Working Paper Repo runs: evidence from the tri-party repo market, Staff Reports (2011) Downloads View citations (107) (2011)
  3. The fragility of short-term secured funding markets
    Journal of Economic Theory, 2014, 149, (C), 15-42 Downloads View citations (16)
    See also Working Paper The Fragility of Short-Term Secured Funding Markets, Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems (2013) Downloads View citations (3) (2013)

2013

  1. Bank Capital Regulation and Structured Finance
    Journal of Money, Credit and Banking, 2013, 45, (1), 87-119 Downloads View citations (8)
    Also in Journal of Money, Credit and Banking, 2013, 45, (1), 87-119 (2013) Downloads View citations (2)

    See also Working Paper Bank capital regulation and structured finance, Staff Reports (2011) Downloads View citations (2) (2011)
  2. Liquidity-saving mechanisms in collateral-based RTGS payment systems
    Annals of Finance, 2013, 9, (1), 29-60 Downloads View citations (8)
    See also Working Paper Liquidity-saving mechanisms in collateral-based RTGS payment systems, Staff Reports (2010) Downloads View citations (5) (2010)
  3. Rediscounting under Aggregate Risk with Moral Hazard
    Journal of Money, Credit and Banking, 2013, 45, (4), 651-674 Downloads View citations (2)
    Also in Journal of Money, Credit and Banking, 2013, 45, (4), 651-674 (2013) Downloads View citations (14)

    See also Working Paper Rediscounting Under Aggregate Risk with Moral Hazard, Staff Working Papers (2007) Downloads View citations (7) (2007)
  4. 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 Downloads View citations (8)
    See also Working Paper The minimum balance at risk: a proposal to mitigate the systemic risks posed by money market funds, Finance and Economics Discussion Series (2012) Downloads View citations (6) (2012)

2012

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

2011

  1. Bank Liquidity, Interbank Markets, and Monetary Policy
    The Review of Financial Studies, 2011, 24, (8), 2656-2692 Downloads View citations (150)
    See also Working Paper Bank Liquidity, Interbank Markets and Monetary Policy, Working Papers (2010) Downloads View citations (52) (2010)
  2. MONETARY POLICY IMPLEMENTATION FRAMEWORKS: A COMPARATIVE ANALYSIS
    Macroeconomic Dynamics, 2011, 15, (S1), 145-189 Downloads View citations (7)
    See also Working Paper Monetary policy implementation frameworks: a comparative analysis, Working Papers (2009) Downloads View citations (3) (2009)
  3. Monetary policy implementation: common goals but different practices
    Current Issues in Economics and Finance, 2011, 17, (Nov) Downloads View citations (8)

2010

  1. A study of competing designs for a liquidity-saving mechanism
    Journal of Banking & Finance, 2010, 34, (8), 1818-1826 Downloads View citations (6)
    See also Working Paper A study of competing designs for a liquidity-saving mechanism, Staff Reports (2008) Downloads View citations (24) (2008)
  2. Discussion: Interest Rate Dynamics and Monetary Policy Implementation in Switzerland
    Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 341-348 Downloads
  3. SHOULD THERE BE INTRADAY MONEY MARKETS?
    Contemporary Economic Policy, 2010, 28, (1), 110-122 Downloads View citations (5)
    See also Working Paper Should there be intraday money markets?, Staff Reports (2008) Downloads View citations (3) (2008)

2009

  1. A transposon-induced epigenetic change leads to sex determination in melon
    Nature, 2009, 461, (7267), 1135-1138 Downloads View citations (1)
  2. Banks, markets, and efficiency
    Annals of Finance, 2009, 5, (2), 131-160 Downloads View citations (2)
    See also Working Paper Banks, Markets, and Efficiency, Finance (2005) Downloads (2005)
  3. Optimal monetary policy and economic growth
    European Economic Review, 2009, 53, (2), 210-221 Downloads View citations (16)
    See also Working Paper Optimal Monetary Policy and Economic Growth, Staff General Research Papers Archive (2009) Downloads View citations (20) (2009)
  4. Reconciling Bagehot and the Fed's Response to September 11
    Journal of Money, Credit and Banking, 2009, 41, (2-3), 397-415 View citations (10)
    Also in Journal of Money, Credit and Banking, 2009, 41, (2‐3), 397-415 (2009) Downloads View citations (1)
  5. Why does overnight liquidity cost more than intraday liquidity?
    Journal of Economic Dynamics and Control, 2009, 33, (6), 1236-1246 Downloads View citations (9)
    See also Working Paper Why does overnight liquidity cost more than intraday liquidity?, ISU General Staff Papers (2009) Downloads (2009)

2008

  1. An economic analysis of liquidity-saving mechanisms
    Economic Policy Review, 2008, 14, (Sep), 25-39 Downloads View citations (31)
  2. An economic perspective on the enforcement of credit arrangements: the case of daylight overdrafts in Fedwire
    Economic Policy Review, 2008, 14, (Sep), 161-168 Downloads View citations (1)
  3. Divorcing money from monetary policy
    Economic Policy Review, 2008, 14, (Sep), 41-56 Downloads View citations (114)
  4. Financial Intermediaries, Markets, and Growth
    Journal of Money, Credit and Banking, 2008, 40, (4), 701-720 View citations (18)
    Also in Journal of Money, Credit and Banking, 2008, 40, (4), 701-720 (2008) Downloads View citations (6)

    See also Working Paper Financial Intermediaries, Markets, and Growth, Vanderbilt University Department of Economics Working Papers (2007) Downloads (2007)
  5. Liquidity-saving mechanisms
    Journal of Monetary Economics, 2008, 55, (3), 554-567 Downloads View citations (37)
    See also Working Paper Liquidity saving mechanisms, 2007 Meeting Papers (2007) Downloads View citations (5) (2007)
  6. Marcos de implementación de la política monetaria: un análisis comparativo
    Monetaria, 2008, XXXI, (2), 221-262 Downloads
  7. Payment networks in a search model of money
    Review of Economic Dynamics, 2008, 11, (1), 104-132 Downloads View citations (6)
    See also Working Paper Payment networks in a search model of money, Staff Reports (2006) Downloads View citations (4) (2006)
  8. Understanding the cost difference between intraday and overnight liquidity
    Journal of Financial Transformation, 2008, 24, 105-107 View citations (1)
    See also Working Paper Understanding the cost difference between intraday and overnight liquidity, ISU General Staff Papers (2008) Downloads (2008)
  9. WHO IS AFRAID OF THE FRIEDMAN RULE?
    Economic Inquiry, 2008, 46, (2), 113-130 Downloads View citations (4)
    See also Working Paper Who is Afraid of the Friedman Rule, ISU General Staff Papers (2008) Downloads View citations (3) (2008)

2007

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

    See also Working Paper Optimality of the Friedman rule in an overlapping generations model with spatial separation, Staff Reports (2005) Downloads View citations (2) (2005)

2006

  1. Contracts and Money Revisited
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-15 Downloads View citations (3)
  2. Currency competition: A partial vindication of Hayek
    Journal of Monetary Economics, 2006, 53, (8), 2085-2111 Downloads View citations (18)
    See also Working Paper Currency competition: a partial vindication of Hayek, Research Working Paper (2003) Downloads View citations (5) (2003)
  3. Endogenous Multiple Currencies
    Journal of Money, Credit and Banking, 2006, 38, (1), 245-262 Downloads View citations (5)
    See also Working Paper Endogenous multiple currencies, Research Working Paper (2002) Downloads (2002)
  4. Is competition in the financial sector a good thing?
    Journal of Financial Transformation, 2006, 17, 123-129
  5. Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard
    Economic Theory, 2006, 28, (1), 197-211 Downloads View citations (69)
    See also Working Paper Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard?, Research Working Paper (2001) Downloads View citations (5) (2001)
  6. 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 Downloads View citations (6)
    See also Working Paper 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 (2006) Downloads (2006)

2005

  1. Evolución reciente de los sistemas de pagos de alto valor: equilibrando la liquidez y el riesgo.Antoine Martin
    Boletín, 2005, LI, (3), 111-122 Downloads
  2. HETEROGENEITY, REDISTRIBUTION, AND THE FRIEDMAN RULE
    International Economic Review, 2005, 46, (2), 437-454 View citations (53)
    See also Working Paper Heterogeneity, redistribution, and the Friedman rule, ISU General Staff Papers (2005) Downloads (2005)
  3. Recent evolution of large-value payment systems: balancing liquidity and risk
    Economic Review, 2005, 90, (Q I), 33-57 Downloads View citations (6)

2004

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

2003

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

2000

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

Chapters

2013

  1. Repo and Securities Lending
    A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2013, pp 131-148 Downloads View citations (39)
    See also Working Paper Repo and Securities Lending, National Bureau of Economic Research, Inc (2012) Downloads View citations (32) (2012)
 
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