Details about Antoine Martin
Access statistics for papers by Antoine Martin.
Last updated 2016-01-06. Update your information in the RePEc Author Service.
Short-id: pma119
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Working Papers
2021
- How Competitive are U.S. Treasury Repo Markets?
Liberty Street Economics, Federal Reserve Bank of New York
2020
- Bitcoin Is Not a New Type of Money
Liberty Street Economics, Federal Reserve Bank of New York
- Expanding the Toolkit: Facilities Established to Respond to the COVID-19 Pandemic
Liberty Street Economics, Federal Reserve Bank of New York
- Explaining the Puzzling Behavior of Short-Term Money Market Rates
Liberty Street Economics, Federal Reserve Bank of New York
- How Does Information Affect Liquidity in Over-the-Counter Markets?
Liberty Street Economics, Federal Reserve Bank of New York
- Market Failures and Official Sector Interventions
Liberty Street Economics, Federal Reserve Bank of New York
- Monetary Policy Implementation With an Ample Supply of Reserves
Working Paper Series, Federal Reserve Bank of Chicago View citations (1)
Also in Staff Reports, Federal Reserve Bank of New York (2020) View citations (1) FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020) View citations (1) Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
- The Federal Reserve’s Large-Scale Repo Program
Liberty Street Economics, Federal Reserve Bank of New York
- The Market Events of Mid-September 2019
Staff Reports, Federal Reserve Bank of New York
- The Official Sector’s Response to the Coronavirus Pandemic and Moral Hazard
Liberty Street Economics, Federal Reserve Bank of New York
- The Primary Dealer Credit Facility
Liberty Street Economics, Federal Reserve Bank of New York
- Token- or Account-Based? A Digital Currency Can Be Both
Liberty Street Economics, Federal Reserve Bank of New York
2019
- Deciphering Americans’ Views on Cryptocurrencies
Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
- Stressed Outflows and the Supply of Central Bank Reserves
Liberty Street Economics, Federal Reserve Bank of New York
- Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets
Staff Reports, Federal Reserve Bank of New York
2018
- 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 (2)
- How Do the Fed's MBS Holdings Affect the Economy?
Liberty Street Economics, Federal Reserve Bank of New York
- How Do the Fed's MBS Purchases Affect Credit Allocation?
Liberty Street Economics, Federal Reserve Bank of New York
2017
- A Closer Look at the Fed’s Balance Sheet Accounting
Liberty Street Economics, Federal Reserve Bank of New York
- How the Fed Changes the Size of Its Balance Sheet
Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
- 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)
- Regulatory Incentives and Quarter-End Dynamics in the Repo Market
Liberty Street Economics, Federal Reserve Bank of New York
- Why Pay Interest on Excess Reserve Balances?
Liberty Street Economics, Federal Reserve Bank of New York
- Why Pay Interest on Required Reserve Balances?
Liberty Street Economics, Federal Reserve Bank of New York
2016
- Counterparties and Collateral Requirements for Implementing Monetary Policy
Liberty Street Economics, Federal Reserve Bank of New York
- How Do Central Bank Balance Sheets Change in Times of Crisis?
Liberty Street Economics, Federal Reserve Bank of New York
- Implementing Monetary Policy Post-Crisis: What Do We Need to Know?
Liberty Street Economics, Federal Reserve Bank of New York
- Interbank market and central bank policy
Staff Reports, Federal Reserve Bank of New York View citations (3)
- Standard Elements of a Monetary Policy Implementation Framework
Liberty Street Economics, Federal Reserve Bank of New York
- Understanding the Interbank GCF Repo® Market
Liberty Street Economics, Federal Reserve Bank of New York
- What Is the Composition of Central Bank Balance Sheets in Normal Times?
Liberty Street Economics, Federal Reserve Bank of New York
- What’s Up with GCF Repo®?
Liberty Street Economics, Federal Reserve Bank of New York
2015
- Federal Reserve Tools for Managing Rates and Reserves
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (20)
Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (6)
- Financial Innovation: Evolution of the Tri-Party Repo Arrangement
Liberty Street Economics, Federal Reserve Bank of New York
- Financial Innovation: The Origins of the Tri-Party Repo Market
Liberty Street Economics, Federal Reserve Bank of New York
- Floor systems and the Friedman rule: the fiscal arithmetic of open market operations
Staff Reports, Federal Reserve Bank of New York View citations (1)
- 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 (10)
Also in Staff Reports, Federal Reserve Bank of New York (2015) View citations (10)
- Segregated balance accounts
Staff Reports, Federal Reserve Bank of New York View citations (5)
- The Tri-Party Repo Market Like You Have Never Seen It Before
Liberty Street Economics, Federal Reserve Bank of New York
2014
- A primer on the GCF Repo® Service
Staff Reports, Federal Reserve Bank of New York View citations (5)
- Gates, Fees, and Preemptive Runs
Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
Also in Staff Reports, Federal Reserve Bank of New York (2014) View citations (7) Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (5)
- Lifting the Veil on the U.S. Bilateral Repo Market
Liberty Street Economics, Federal Reserve Bank of New York
- Measuring Settlement Fails
Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
- Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It's Okay
Liberty Street Economics, Federal Reserve Bank of New York
- What Explains the June Spike in Treasury Settlement Fails?
Liberty Street Economics, Federal Reserve Bank of New York
2013
- Are Higher Haircuts Better? A Paradox
Liberty Street Economics, Federal Reserve Bank of New York
- Magnifying the Risk of Fire Sales in the Tri-Party Repo Market
Liberty Street Economics, Federal Reserve Bank of New York
- Money market funds intermediation, bank instability, and contagion
Staff Reports, Federal Reserve Bank of New York View citations (2)
- Pick Your Poison: How Money Market Funds Reacted to Financial Stress in 2011
Liberty Street Economics, Federal Reserve Bank of New York
- 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) Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (13) FMG Discussion Papers, Financial Markets Group (2011) View citations (4)
See also Journal Article in Review of Financial Studies (2014)
- 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 (1)
Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (11)
See also Journal Article in Journal of Economic Theory (2014)
- The Fragility of an MMF-Intermediated Financial System
Liberty Street Economics, Federal Reserve Bank of New York
- The risk of fire sales in the tri-party repo market
Staff Reports, Federal Reserve Bank of New York View citations (7)
- 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
- How the High Level of Reserves Benefits the Payment System
Liberty Street Economics, Federal Reserve Bank of New York
- Is Risk Rising in the Tri-Party Repo Market?
Liberty Street Economics, Federal Reserve Bank of New York
- Mapping and Sizing the U.S. Repo Market
Liberty Street Economics, Federal Reserve Bank of New York
- Money Market Funds and Systemic Risk
Liberty Street Economics, Federal Reserve Bank of New York
- 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)
- 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)
- The Minimum Balance at Risk: A Proposal to Stabilize Money Market Funds
Liberty Street Economics, Federal Reserve Bank of New York
- The Odd Behavior of Repo Haircuts during the Financial Crisis
Liberty Street Economics, Federal Reserve Bank of New York
- 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)
2011
- A note on bank lending in times of large bank reserves
Staff Reports, Federal Reserve Bank of New York View citations (7)
- 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)
- 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
- Remaining Risks in the Tri-Party Repo Market
Liberty Street Economics, Federal Reserve Bank of New York
- 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)
- Stabilizing the Tri-Party Repo Market by Eliminating the “Unwind”
Liberty Street Economics, Federal Reserve Bank of New York
2010
- Bank Liquidity, Interbank Markets and Monetary Policy
Working Papers, Barcelona Graduate School of Economics View citations (46)
Also in Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (6) 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 (12)
See also Journal Article in Review of Financial Studies (2011)
- 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 (5)
See also Journal Article in Annals of Finance (2013)
- Quantifying the benefits of a liquidity-saving mechanism
Staff Reports, Federal Reserve Bank of New York View citations (2)
- The tri-party repo market before the 2010 reforms
Staff Reports, Federal Reserve Bank of New York View citations (61)
2009
- 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)
- Optimal Monetary Policy and Economic Growth
Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (15)
See also Journal Article in European Economic Review (2009)
2008
- A study of competing designs for a liquidity-saving mechanism
Staff Reports, Federal Reserve Bank of New York View citations (20)
See also Journal Article in Journal of Banking & Finance (2010)
- 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)
- The welfare effects of a liquidity-saving mechanism
Staff Reports, Federal Reserve Bank of New York View citations (25)
2007
- Financial Intermediaries, Markets, and Growth
Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics 
Also in Research Working Paper, Federal Reserve Bank of Kansas City (2004) View citations (5) Working Papers, Federal Reserve Bank of Philadelphia (2004) View citations (3) Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2005) 
See also Journal Article in Journal of Money, Credit and Banking (2008)
- Liquidity saving mechanisms
2007 Meeting Papers, Society for Economic Dynamics 
Also in Staff Reports, Federal Reserve Bank of New York (2007) View citations (10)
See also Journal Article in Journal of Monetary Economics (2008)
- 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)
- Rediscounting Under Aggregate Risk with Moral Hazard
Staff Working Papers, Bank of Canada View citations (3)
Also in Staff Reports, Federal Reserve Bank of New York (2007) View citations (11)
See also Journal Article in Journal of Money, Credit and Banking (2013)
- Why Does Overnight Liquidity Cost More Than Intraday Liquidity?
Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (6)
Also in Staff Reports, Federal Reserve Bank of New York (2007) View citations (7)
See also Journal Article in Journal of Economic Dynamics and Control (2009)
2006
- 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)
2005
- 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)
- 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)
- 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)
- Reconciling Bagehot with the Fed's response to September 11
Staff Reports, Federal Reserve Bank of New York View citations (5)
- Sub-Optimality of the Friedman Rule in Townsend's Turnpike and Stochastic Relocation Models of Money: Do Finite Lives and Initial Dates Matter?
Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (3)
See also Journal Article in Journal of Economic Dynamics and Control (2006)
- The Tobin effect and the Friedman rule
Staff Reports, Federal Reserve Bank of New York
- Who is afraid of the Friedman rule?
Staff Reports, Federal Reserve Bank of New York 
Also in 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)
2004
- Heterogeneity, Redistribution, and the Friedman Rule
Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (11)
Also in Research Working Paper, Federal Reserve Bank of Kansas City (2004) View citations (15)
See also Journal Article in International Economic Review (2005)
- 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
- 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)
- Understanding the Cost Difference Between Intraday and Overnight Liquidity
Staff General Research Papers Archive, Iowa State University, Department of Economics
See also Journal Article in Journal of Financial Transformation (2008)
2002
- Endogenous multiple currencies
Research Working Paper, Federal Reserve Bank of Kansas City 
See also Journal Article in Journal of Money, Credit and Banking (2006)
- 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)
- Reconciling Bagehot with the Fed's response to Sept. 11
Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)
2001
- Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard?
Research Working Paper, Federal Reserve Bank of Kansas City View citations (3)
See also Journal Article in Economic Theory (2006)
- 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
- Costly banknote issuance and interest rates under the national banking system
Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
Journal Articles
2015
- An empirical analysis of the GCF Repo® Service
Economic Policy Review, 2015, (2), 25-37 View citations (1)
- Repos, Fire Sales, and Bankruptcy Policy
Review of Economic Dynamics, 2015, 18, (1), 21-31 View citations (13)
See also Working Paper (2012)
2014
- Repo Runs
Review of Financial Studies, 2014, 27, (4), 957-989 View citations (12)
See also Working Paper (2013)
- Repo Runs: Evidence from the Tri-Party Repo Market
Journal of Finance, 2014, 69, (6), 2343-2380 View citations (100)
See also Working Paper (2011)
- The fragility of short-term secured funding markets
Journal of Economic Theory, 2014, 149, (C), 15-42 View citations (9)
See also Working Paper (2013)
2013
- Bank Capital Regulation and Structured Finance
Journal of Money, Credit and Banking, 2013, 45, (1), 87-119 View citations (5)
See also Working Paper (2011)
- Liquidity-saving mechanisms in collateral-based RTGS payment systems
Annals of Finance, 2013, 9, (1), 29-60 View citations (4)
See also Working Paper (2010)
- Rediscounting under Aggregate Risk with Moral Hazard
Journal of Money, Credit and Banking, 2013, 45, (4), 651-674 View citations (9)
See also Working Paper (2007)
2012
- Explaining the U.S. tri-party repo market
Economic Policy Review, 2012, 18, (Nov), 17-28 View citations (1)
- Settlement liquidity and monetary policy implementation—lessons from the financial crisis
Economic Policy Review, 2012, 18, (Mar), 3-20 View citations (8)
2011
- Bank Liquidity, Interbank Markets, and Monetary Policy
Review of Financial Studies, 2011, 24, (8), 2656-2692 View citations (103)
See also Working Paper (2010)
- MONETARY POLICY IMPLEMENTATION FRAMEWORKS: A COMPARATIVE ANALYSIS
Macroeconomic Dynamics, 2011, 15, (S1), 145-189 View citations (6)
See also Working Paper (2009)
- Monetary policy implementation: common goals but different practices
Current Issues in Economics and Finance, 2011, 17, (Nov) View citations (7)
2010
- A study of competing designs for a liquidity-saving mechanism
Journal of Banking & Finance, 2010, 34, (8), 1818-1826 View citations (5)
See also Working Paper (2008)
- Discussion: Interest Rate Dynamics and Monetary Policy Implementation in Switzerland
Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 341-348
- SHOULD THERE BE INTRADAY MONEY MARKETS?
Contemporary Economic Policy, 2010, 28, (1), 110-122 View citations (3)
See also Working Paper (2008)
2009
- Banks, markets, and efficiency
Annals of Finance, 2009, 5, (2), 131-160 View citations (2)
See also Working Paper (2005)
- Optimal monetary policy and economic growth
European Economic Review, 2009, 53, (2), 210-221 View citations (12)
See also Working Paper (2009)
- Reconciling Bagehot and the Fed's Response to September 11
Journal of Money, Credit and Banking, 2009, 41, (2-3), 397-415 View citations (9)
- Why does overnight liquidity cost more than intraday liquidity?
Journal of Economic Dynamics and Control, 2009, 33, (6), 1236-1246 View citations (7)
See also Working Paper (2007)
2008
- An economic analysis of liquidity-saving mechanisms
Economic Policy Review, 2008, 14, (Sep), 25-39 View citations (26)
- 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)
- Divorcing money from monetary policy
Economic Policy Review, 2008, 14, (Sep), 41-56 View citations (86)
- Financial Intermediaries, Markets, and Growth
Journal of Money, Credit and Banking, 2008, 40, (4), 701-720 View citations (12)
See also Working Paper (2007)
- Liquidity-saving mechanisms
Journal of Monetary Economics, 2008, 55, (3), 554-567 View citations (33)
See also Working Paper (2007)
- Marcos de implementación de la política monetaria: un análisis comparativo
Monetaria, 2008, XXXI, (2), 221-262
- Payment networks in a search model of money
Review of Economic Dynamics, 2008, 11, (1), 104-132 View citations (5)
See also Working Paper (2006)
- Understanding the cost difference between intraday and overnight liquidity
Journal of Financial Transformation, 2008, 24, 105-107 View citations (1)
See also Working Paper (2003)
- WHO IS AFRAID OF THE FRIEDMAN RULE?
Economic Inquiry, 2008, 46, (2), 113-130 View citations (4)
See also Working Paper (2005)
2007
- Barriers to network-specific investment
Review of Economic Dynamics, 2007, 10, (4), 705-728 View citations (1)
- 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 (18)
See also Working Paper (2005)
2006
- Contracts and Money Revisited
The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-15
- Currency competition: A partial vindication of Hayek
Journal of Monetary Economics, 2006, 53, (8), 2085-2111 View citations (11)
See also Working Paper (2003)
- Endogenous Multiple Currencies
Journal of Money, Credit and Banking, 2006, 38, (1), 245-262 View citations (5)
See also Working Paper (2002)
- Is competition in the financial sector a good thing?
Journal of Financial Transformation, 2006, 17, 123-129
- Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard
Economic Theory, 2006, 28, (1), 197-211 View citations (52)
See also Working Paper (2001)
- 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 
See also Working Paper (2005)
2005
- Evolución reciente de los sistemas de pagos de alto valor: equilibrando la liquidez y el riesgo.Antoine Martin
Boletín, 2005, LI, (3), 111-122
- HETEROGENEITY, REDISTRIBUTION, AND THE FRIEDMAN RULE
International Economic Review, 2005, 46, (2), 437-454 View citations (40)
See also Working Paper (2004)
- Recent evolution of large-value payment systems: balancing liquidity and risk
Economic Review, 2005, 90, (Q I), 33-57 View citations (6)
2004
- Innovation on networks: Coordination, governance, and the case of VISA
Journal of Financial Transformation, 2004, 12, 104-106 View citations (3)
- Optimal pricing of intraday liquidity
Journal of Monetary Economics, 2004, 51, (2), 401-424 View citations (35)
See also Working Paper (2002)
2003
- A guide to deposit insurance reform
Economic Review, 2003, 88, (Q I), 29-54
Chapters
2013
- Repo and Securities Lending
A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2013, pp 131-148 View citations (17)
See also Working Paper (2012)
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