Michael J. Fleming
Names
| first: |
Michael |
| middle: |
J. |
| last: |
Fleming |
Identifer
Contact
Affiliations
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Federal Reserve Bank of New York (weight: 50%)
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Federal Reserve Bank of New York
/ Research and Statistics Group (weight: 50%)
Research profile
author of:
- Repo Market Effects of the Term Securities Lending Facility (RePEc:aea:aecrev:v:100:y:2010:i:2:p:591-96)
by Michael J. Fleming & Warren B. Hrung & Frank M. Keane - Federal Reserve Liquidity Provision during the Financial Crisis of 2007–2009 (RePEc:anr:refeco:v:4:y:2012:p:161-177)
by Michael J. Fleming - Market Liquidity After the Financial Crisis (RePEc:anr:refeco:v:9:y:2017:p:43-83)
by Erik Vogt & Michael Fleming & Or Shachar & Tobias Adrian - Liquidity in U.S. Treasury Spot and Futures Markets (RePEc:bis:biscgc:11-11)
by Michael Fleming & Asani Sarkar - The term structure of announcement effects (RePEc:bis:biswps:71)
by Michael J. Fleming & Eli M Remolona - Price Formation and Liquidity in the U.S. Treasury Market: The Response to Public Information (RePEc:bla:jfinan:v:54:y:1999:i:5:p:1901-1915)
by Michael J. Fleming & Eli M. Remolona - Anomalous Bidding In Short‐Term Treasury Bill Auctions (RePEc:bla:jfnres:v:28:y:2005:i:2:p:165-176)
by Michael J. Fleming & Kenneth D. Garbade & Frank Keane - ECB Monetary Operations and the Interbank Repo Market (RePEc:cbi:wpaper:09/rt/14)
by Dunne, Peter G. & Fleming, Michael J. & Zholos, Andrey - Repo Market Microstructure in Unusual Monetary Policy Conditions (RePEc:cbi:wpaper:8/rt/11)
by Dunne, Peter & Fleming, Michael J. & Zholos, Andrey - Market Liquidity after the Financial Crisis (RePEc:cpr:ceprdp:12248)
by Adrian, Tobias & Fleming, Michael J & Shachar, Or & Vogt, Erik - Liquidity and volatility in the U.S. Treasury market (RePEc:eee:econom:v:217:y:2020:i:2:p:207-229)
by Nguyen, Giang & Engle, Robert & Fleming, Michael & Ghysels, Eric - The microstructure of a U.S. Treasury ECN: The BrokerTec platform (RePEc:eee:finmar:v:40:y:2018:i:c:p:2-22)
by Fleming, Michael J. & Mizrach, Bruce & Nguyen, Giang - Intraday market making with overnight inventory costs (RePEc:eee:finmar:v:50:y:2020:i:c:s1386418120300331)
by Adrian, Tobias & Capponi, Agostino & Fleming, Michael & Vogt, Erik & Zhang, Hongzhong - Dealer financial conditions and lender-of-last-resort facilities (RePEc:eee:jfinec:v:123:y:2017:i:1:p:81-107)
by Acharya, Viral V. & Fleming, Michael J. & Hrung, Warren B. & Sarkar, Asani - Dealer behavior in the specials market for US Treasury securities (RePEc:eee:jfinin:v:16:y:2007:i:2:p:204-228)
by Fleming, Michael J. & Garbade, Kenneth D. - Are larger Treasury issues more liquid? Evidence from bill reopenings (RePEc:fip:fedcpr:y:2002:p:707-739)
by Michael J. Fleming - Heat waves, meteor showers, and trading volume: an analysis of volatility spillovers in the U.S. Treasury market (RePEc:fip:fedfap:99-09)
by Michael J. Fleming & Jose A. Lopez - Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed Income Markets (RePEc:fip:fedgfn:2013-10-16)
by Tobias Adrian & Michael J. Fleming & Jonathan Goldberg & Morgan Lewis & Fabio M. Natalucci & Jason J. Wu - Unlocking the Treasury Market through TRACE (RePEc:fip:fedgfn:2018-09-28-1)
by Doug Brain & Michiel De Pooter & Dobrislav Dobrev & Michael J. Fleming & Peter Johansson & Collin Jones & Frank M. Keane & Michael Puglia & Liza Reiderman & Tony Rodrigues & Or Shachar - Breaking Down TRACE Volumes Further (RePEc:fip:fedgfn:2018-11-29)
by Doug Brain & Michiel De Pooter & Dobrislav Dobrev & Michael J. Fleming & Peter Johansson & Frank M. Keane & Michael Puglia & Tony Rodrigues & Or Shachar - Repurchase agreements with negative interest rates (RePEc:fip:fednci:y:2004:i:apr:n:v.10no.5)
by Michael J. Fleming & Kenneth D. Garbade - What financing data reveal about dealer leverage (RePEc:fip:fednci:y:2005:i:mar:n:v.11no.3)
by Tobias Adrian & Michael J. Fleming - Explaining settlement fails (RePEc:fip:fednci:y:2005:i:sep:n:v.11no.9)
by Michael J. Fleming & Kenneth D. Garbade - Who buys Treasury securities at auction? (RePEc:fip:fednci:y:2007:i:jan:n:v.13no.1)
by Michael J. Fleming - The Term Securities Lending Facility: origin, design, and effects (RePEc:fip:fednci:y:2009:i:feb:n:v.15no.2)
by Michael J. Fleming & Warren B. Hrung & Frank M. Keane - The Federal Reserve's foreign exchange swap lines (RePEc:fip:fednci:y:2010:i:apr:n:v.16no.4)
by Michael J. Fleming & Nicholas Klagge - Income effects of Federal Reserve liquidity facilities (RePEc:fip:fednci:y:2011:i:feb:n:v.17no.1)
by Michael J. Fleming & Nicholas Klagge - The failure resolution of Lehman Brothers (RePEc:fip:fednep:00016)
by Michael J. Fleming & Asani Sarkar - The Federal Reserve’s Market Functioning Purchases (RePEc:fip:fednep:94440)
by Michael J. Fleming & Haoyang Liu & Rich Podjasek & Jake Schurmeier - What moves the bond market? (RePEc:fip:fednep:y:1997:i:dec:p:31-50:n:v.3no.4)
by Michael J. Fleming & Eli M. Remolona - The round-the-clock market for U.S. Treasury securities (RePEc:fip:fednep:y:1997:i:jul:p:9-32:n:v.3no.2)
by Michael J. Fleming - The benchmark U.S. Treasury market: recent performance and possible alternatives (RePEc:fip:fednep:y:2000:i:apr:p:129-145:n:v.6no.1)
by Michael J. Fleming - When the back office moved to the front burner: settlement fails in the treasury market after 9/11 (RePEc:fip:fednep:y:2002:i:nov:p:35-57:n:v.8no.2)
by Michael J. Fleming & Kenneth D. Garbade - Measuring treasury market liquidity (RePEc:fip:fednep:y:2003:i:sep:p:83-108:n:v.9no.3)
by Michael J. Fleming - The microstructure of the TIPS market (RePEc:fip:fednep:y:2012:i:mar:p:27-45:n:v.18no.1)
by Michael J. Fleming & Neel Krishnan - Trading activity and price transparency in the inflation swap market (RePEc:fip:fednep:y:2013:i:may:p:45-57:n:v.19no.1)
by Michael J. Fleming & John Sporn - How Might Increased Transparency Affect the CDS Market? (RePEc:fip:fednls:86777)
by Kathryn Chen & Michael J. Fleming & John Jackson & Ada Li & Asani Sarkar - Failure Is No Longer a (Free) Option for Agency Debt and Mortgage-Backed Securities (RePEc:fip:fednls:86794)
by Michael J. Fleming - The Impact of Trade Reporting on the Interest Rate Derivatives Market (RePEc:fip:fednls:86801)
by Michael J. Fleming & John Jackson & Ada Li & Asani Sarkar & Patricia Zobel - Primary Dealers’ Waning Role in Treasury Auctions (RePEc:fip:fednls:86857)
by Michael J. Fleming & Sean Myers - How Liquid Is the Inflation Swap Market? (RePEc:fip:fednls:86864)
by Michael J. Fleming & John Sporn - The Recent Bond Market Selloff in Historical Perspective (RePEc:fip:fednls:86881)
by Tobias Adrian & Michael J. Fleming - The SOMA Portfolio through Time (RePEc:fip:fednls:86883)
by Meryam Bukhari & Alyssa Cambron & Michael J. Fleming & Jonathan McCarthy & Julie Remache - What if? A Counterfactual SOMA Portfolio (RePEc:fip:fednls:86886)
by Michael J. Fleming & Deborah Leonard & Grant Long & Julie Remache - Transparency and Sources of Information on the Federal Reserve’s Operations, Income, and Balance Sheet (RePEc:fip:fednls:86888)
by Michael J. Fleming & Deborah Leonard - Information on Dealer Activity in Specific Treasury Issues Now Available (RePEc:fip:fednls:86891)
by Michael J. Fleming - Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed-Income Markets (RePEc:fip:fednls:86899)
by Tobias Adrian & Michael J. Fleming & Jonathan Goldberg & Morgan Lewis & Fabio M. Natalucci & Jason J. Wu - The Failure Resolution of Lehman Brothers (RePEc:fip:fednls:86934)
by Michael J. Fleming & Asani Sarkar - At the N.Y. Fed: Workshop on the Risks of Wholesale Funding (RePEc:fip:fednls:86972)
by Dong Beom Choi & Patrick de Fontnouvelle & Thomas M. Eisenbach & Michael J. Fleming - What Explains the June Spike in Treasury Settlement Fails? (RePEc:fip:fednls:86973)
by Michael J. Fleming & Frank M. Keane & Antoine Martin & Michael McMorrow - Measuring Settlement Fails (RePEc:fip:fednls:86974)
by Michael J. Fleming & Frank M. Keane & Antoine Martin & Michael McMorrow - Introduction to a Series on Market Liquidity (RePEc:fip:fednls:87054)
by Tobias Adrian & Michael J. Fleming & Ernst Schaumburg - Has U.S. Treasury Market Liquidity Deteriorated? (RePEc:fip:fednls:87055)
by Tobias Adrian & Michael J. Fleming & Daniel Stackman & Erik Vogt - The Evolution of Workups in the U.S. Treasury Securities Market (RePEc:fip:fednls:87056)
by Michael J. Fleming & Ernst Schaumburg & Ron Yang - What's Driving Dealer Balance Sheet Stagnation? (RePEc:fip:fednls:87057)
by Tobias Adrian & Michael J. Fleming & Daniel Stackman & Erik Vogt - Introduction to a Series on Market Liquidity: Part 2 (RePEc:fip:fednls:87066)
by Tobias Adrian & Michael J. Fleming & Ernst Schaumburg - Has Liquidity Risk in the Treasury and Equity Markets Increased? (RePEc:fip:fednls:87067)
by Tobias Adrian & Michael J. Fleming & Daniel Stackman & Erik Vogt - Has Liquidity Risk in the Corporate Bond Market Increased? (RePEc:fip:fednls:87068)
by Tobias Adrian & Michael J. Fleming & Or Shachar & Daniel Stackman & Erik Vogt - Changes in the Returns to Market Making (RePEc:fip:fednls:87069)
by Tobias Adrian & Michael J. Fleming & Or Shachar & Daniel Stackman & Erik Vogt - Redemption Risk of Bond Mutual Funds and Dealer Positioning (RePEc:fip:fednls:87070)
by Tobias Adrian & Michael J. Fleming & Or Shachar & Erik Vogt - Dealers’ Positions and the Auction Cycle (RePEc:fip:fednls:87071)
by Michael J. Fleming & Collin Jones - Characterizing the Rising Settlement Fails in Seasoned Treasury Securities (RePEc:fip:fednls:87086)
by Michael J. Fleming & Frank M. Keane - Has MBS Market Liquidity Deteriorated? (RePEc:fip:fednls:87096)
by Michael J. Fleming & Andreas Fuster & Linsey Molloy & Rich Podjasek - Continuing the Conversation on Liquidity (RePEc:fip:fednls:87097)
by Tobias Adrian & Michael J. Fleming & Ernst Schaumburg - Corporate Bond Market Liquidity Redux: More Price-Based Evidence (RePEc:fip:fednls:87098)
by Tobias Adrian & Michael J. Fleming & Erik Vogt & Zachary Wojtowicz - Is Treasury Market Liquidity Becoming More Concentrated (RePEc:fip:fednls:87099)
by Michael J. Fleming - Primary Dealer Participation in the Secondary U.S. Treasury Market (RePEc:fip:fednls:87100)
by Michael J. Fleming & Frank M. Keane & Ernst Schaumburg - Did Third Avenue's Liquidation Reduce Corporate Bond Market Liquidity? (RePEc:fip:fednls:87102)
by Tobias Adrian & Michael J. Fleming & Erik Vogt & Zachary Wojtowicz - What’s behind the March Spike in Treasury Fails? (RePEc:fip:fednls:87121)
by Michael J. Fleming & Frank M. Keane - A Closer Look at the Federal Reserve’s Securities Lending Program (RePEc:fip:fednls:87149)
by Michael J. Fleming & Frank M. Keane & Jake Schurmeier & Emma Weiss - Advent of Trade Reporting for U.S. Treasury Securities (RePEc:fip:fednls:87170)
by Michael J. Fleming - Which Dealers Borrowed from the Fed’s Lender-of-Last-Resort Facilities? (RePEc:fip:fednls:87193)
by Viral V. Acharya & Michael J. Fleming & Warren B. Hrung & Asani Sarkar - Market Liquidity after the Financial Crisis (RePEc:fip:fednls:87200)
by Tobias Adrian & Michael J. Fleming & Or Shachar - Options of Last Resort (RePEc:fip:fednls:87244)
by Erin Denison & Michael J. Fleming & Warren B. Hrung & Asani Sarkar - Dealer Trading and Positioning in Floating Rate Notes (RePEc:fip:fednls:87247)
by Michael J. Fleming & Amanda Wahlers - Do You Know How Your Treasury Trades Are Cleared and Settled? (RePEc:fip:fednls:87275)
by Adam Copeland & Michael J. Fleming & Frank M. Keane & Radhika Mithal - Unlocking the Treasury Market through TRACE (RePEc:fip:fednls:87277)
by Doug Brain & Michiel De Pooter & Dobrislav Dobrev & Michael J. Fleming & Peter Johansson & Collin Jones & Frank M. Keane & Michael Puglia & Liza Reiderman & Anthony P. Rodrigues & Or Shachar - U.S. Treasury Market Action on Election Night 2016 (RePEc:fip:fednls:87292)
by Michael J. Fleming - Breaking Down TRACE Volumes Further (RePEc:fip:fednls:87297)
by Doug Brain & Michiel De Pooter & Dobrislav Dobrev & Michael J. Fleming & Peter Johansson & Frank M. Keane & Michael Puglia & Anthony P. Rodrigues & Or Shachar - Price Impact of Trades and Orders in the U.S. Treasury Securities Market (RePEc:fip:fednls:87299)
by Michael J. Fleming & Bruce Mizrach & Giang Nguyen - Creditor Recovery in Lehman’s Bankruptcy (RePEc:fip:fednls:87303)
by Erin Denison & Michael J. Fleming & Asani Sarkar - How Much Value Was Destroyed by the Lehman Bankruptcy? (RePEc:fip:fednls:87304)
by Erin Denison & Michael J. Fleming & Asani Sarkar - Lehman's Bankruptcy Expenses (RePEc:fip:fednls:87305)
by Erin Denison & Michael J. Fleming & Asani Sarkar - Customer and Employee Losses in Lehman’s Bankruptcy (RePEc:fip:fednls:87306)
by Erin Denison & Michael J. Fleming & Asani Sarkar - The Indirect Costs of Lehman’s Bankruptcy (RePEc:fip:fednls:87307)
by Erin Denison & Michael J. Fleming & Asani Sarkar - Dealer Participation in the TSLF Options Program (RePEc:fip:fednls:87318)
by Erin Denison & Michael J. Fleming & Warren B. Hrung & Asani Sarkar - Assessing the Price Impact of Treasury Market Workups (RePEc:fip:fednls:87319)
by Michael J. Fleming & Giang Nguyen - How Does Tick Size Affect Treasury Market Quality? (RePEc:fip:fednls:87389)
by Michael J. Fleming & Giang Nguyen & Francisco Ruela - The COVID-19 Pandemic and the Fed’s Response (RePEc:fip:fednls:87801)
by Michael J. Fleming & Asani Sarkar & Peter Van Tassel - Treasury Market Liquidity during the COVID-19 Crisis (RePEc:fip:fednls:87829)
by Michael J. Fleming & Francisco Ruela - Treasury Market Liquidity and the Federal Reserve during the COVID-19 Pandemic (RePEc:fip:fednls:88081)
by Michael J. Fleming - How Liquid Is the New 20-Year Treasury Bond? (RePEc:fip:fednls:88271)
by Michael J. Fleming & Francisco Ruela - How Does the Liquidity of New Treasury Securities Evolve? (RePEc:fip:fednls:88629)
by Michael J. Fleming - Treasury Market When-Issued Trading Activity (RePEc:fip:fednls:89094)
by Michael J. Fleming & Or Shachar & Peter Van Tassel - The Bond Market Selloff in Historical Perspective (RePEc:fip:fednls:94472)
by Tobias Adrian & Michael J. Fleming - How Liquid Has the Treasury Market Been in 2022? (RePEc:fip:fednls:95101)
by Michael J. Fleming & Claire Nelson - The 2022 Spike in Corporate Security Settlement Fails (RePEc:fip:fednls:95946)
by Michael J. Fleming & Or Shachar & Peter Van Tassel - New evidence on the effectiveness of the proxy mechanism (RePEc:fip:fednrp:9503)
by Michael J. Fleming - Price formation and liquidity in the U.S. treasuries market: evidence from intraday patterns around announcements (RePEc:fip:fednrp:9633)
by Michael J. Fleming & Eli M. Remolona - What moves the bond market? (RePEc:fip:fednrp:9706)
by Michael J. Fleming & Eli M. Remolona - Financial market implications of the federal debt paydown (RePEc:fip:fednsr:120)
by Michael J. Fleming - Measuring treasury market liquidity (RePEc:fip:fednsr:133)
by Michael J. Fleming - Are larger Treasury issues more liquid? Evidence from bill reopenings (RePEc:fip:fednsr:145)
by Michael J. Fleming - Anomalous bidding in short-term Treasury bill auctions (RePEc:fip:fednsr:184)
by Michael J. Fleming & Kenneth D. Garbade & Frank M. Keane - Price formation and liquidity in the U.S. Treasury market: evidence from intraday patterns around announcements (RePEc:fip:fednsr:27)
by Michael J. Fleming & Eli M. Remolona - How do treasury dealers manage their positions? (RePEc:fip:fednsr:299)
by Michael J. Fleming & Giang Nguyen & Joshua V. Rosenberg - How workers use 401(k) plans: the participation, contribution, and withdrawal decisions (RePEc:fip:fednsr:38)
by William F. Bassett & Michael J. Fleming & Anthony P. Rodrigues - The microstructure of a U.S. Treasury ECN: the BrokerTec platform (RePEc:fip:fednsr:381)
by Michael J. Fleming & Bruce Mizrach & Giang Nguyen - The microstructure of the TIPS market (RePEc:fip:fednsr:414)
by Michael J. Fleming & Neel Krishnan - Repo market effects of the Term Securities Lending Facility (RePEc:fip:fednsr:426)
by Michael J. Fleming & Warren B. Hrung & Frank M. Keane - An analysis of CDS transactions: implications for public reporting (RePEc:fip:fednsr:517)
by Kathryn Chen & Michael J. Fleming & John Jackson & Ada Li & Asani Sarkar - An analysis of OTC interest rate derivatives transactions: implications for public reporting (RePEc:fip:fednsr:557)
by Michael J. Fleming & John Jackson & Ada Li & Asani Sarkar & Patricia Zobel - Federal Reserve liquidity provision during the financial crisis of 2007-2009 (RePEc:fip:fednsr:563)
by Michael J. Fleming - Liquidity and volatility in the U.S. treasury market (RePEc:fip:fednsr:590)
by Robert Engle & Michael J. Fleming & Eric Ghysels & Giang Nguyen - The Microstructure of China's Government Bond Market (RePEc:fip:fednsr:622)
by Jennie Bai & Michael J. Fleming & Casidhe Horan - Price and size discovery in financial markets: evidence from the U.S. Treasury securities market (RePEc:fip:fednsr:624)
by Michael J. Fleming & Giang Nguyen - ECB monetary operations and the interbank repo market (RePEc:fip:fednsr:654)
by Peter G. Dunne & Michael J. Fleming & Andrey Zholos - Dealer financial conditions and lender-of-last resort facilities (RePEc:fip:fednsr:673)
by Viral V. Acharya & Michael J. Fleming & Warren B. Hrung & Asani Sarkar - The term structure of announcement effects (RePEc:fip:fednsr:76)
by Michael J. Fleming & Eli M. Remolona - Trading activity in the Indian government bond market (RePEc:fip:fednsr:785)
by Michael J. Fleming & Seema Saggar & Samita Sareen - Market liquidity after the financial crisis (RePEc:fip:fednsr:796)
by Tobias Adrian & Michael J. Fleming & Or Shachar & Erik Vogt - Intraday market making with overnight inventory costs (RePEc:fip:fednsr:799)
by Tobias Adrian & Agostino Capponi & Michael J. Fleming & Erik Vogt & Hongzhong Zhang - Preserving firm value through exit: the case of voluntary liquidations (RePEc:fip:fednsr:8)
by Michael J. Fleming & John J. Moon - Heat waves, meteor showers, and trading volume: an analysis of volatility spillovers in the U.S. Treasury market (RePEc:fip:fednsr:82)
by Michael J. Fleming & Jose A. Lopez - The Evolution of Treasury Market Liquidity: Evidence from 30 Years of Limit Order Book Data (RePEc:fip:fednsr:827)
by Tobias Adrian & Michael J. Fleming & Erik Vogt - Tick Size, Competition for Liquidity Provision, and Price Discovery: Evidence from the U.S. Treasury Market (RePEc:fip:fednsr:886)
by Michael J. Fleming & Giang Nguyen & Francisco Ruela - The Netting Efficiencies of Marketwide Central Clearing (RePEc:fip:fednsr:90934)
by Michael J. Fleming & Frank M. Keane - The Federal Reserve’s Market Functioning Purchases (RePEc:fip:fednsr:93540)
by Michael J. Fleming & Haoyang Liu & Rich Podjasek & Jake Schurmeier - All-to-All Trading in the U.S. Treasury Market (RePEc:fip:fednsr:94959)
by Alain P. Chaboud & Caren Cox & Michael J. Fleming & Ellen Correia Golay & Yesol Huh & Frank M. Keane & Kyle Lee & Krista B. Schwarz & Clara Vega & Carolyn Windover - Are Larger Treasury Issues More Liquid? Evidence from Bill Reopenings (RePEc:mcb:jmoncb:v:34:y:2002:i:3:p:707-35)
by Fleming, Michael J - How Workers Use 401(K) Plans: The Participation, Contribution, and Withdrawal Decisions (RePEc:ntj:journl:v:51:y:1998:i:2:p:263-89)
by Bassett, William F. & Fleming, Michael J. & Rodrigues, Anthony P. - Price and Size Discovery in Financial Markets: Evidence from the U.S. Treasury Securities Market (RePEc:oup:rasset:v:9:y:2019:i:2:p:256-295.)
by Michael J Fleming & Giang Nguyen - The Microstructure of a U.S. Treasury ECN: The Brokertec Platform (RePEc:rut:rutres:200803)
by Michael Fleming & Bruce Mizrach