Morten L. Bech

Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures

Principal Economist

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

  • Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures

SCHOLARLY PAPERS

33

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433

CROSSREF CITATIONS

259

Scholarly Papers (33)

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1.

Central Bank Cryptocurrencies

BIS Quarterly Review September 2017
Number of pages: 16 Posted: 26 Sep 2017
Morten L. Bech and Rodney Garratt
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and University of California, Santa Barbara (UCSB)
Downloads 5,954 (2,336)
Citation 46

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2.

How Have Central Banks Implemented Negative Policy Rates?

BIS Quarterly Review March 2016
Number of pages: 14 Posted: 09 Mar 2016
Morten L. Bech and Aytek Malkhozov
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Queen Mary University of London - School of Economics and Finance
Downloads 1,955 (14,689)
Citation 14

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3.

Innovations in Payments

BIS Quarterly Review, March 2020
Number of pages: 16 Posted: 27 Mar 2020
Morten L. Bech and Jenny Hancock
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Bank for International Settlements (BIS)
Downloads 1,233 (29,508)

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4.

Payments are A-Changin’ But Cash Still Rules

BIS Quarterly Review, March 2018
Number of pages: 14 Posted: 13 Mar 2018
Morten L. Bech, Umar Faruqui, Frederik Ougaard and Cristina Picillo
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Bank for International Settlements (BIS), Danish Financial Supervisory Authority and Bank for International Settlements (BIS)
Downloads 892 (46,758)
Citation 14

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5.

On the Liquidity Coverage Ratio and Monetary Policy Implementation

BIS Quarterly Review December 2012
Number of pages: 13 Posted: 10 Apr 2013
Todd Keister and Morten L. Bech
Rutgers, The State University of New Jersey - Department of Economics and Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 884 (47,295)
Citation 5

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6.

The Quest for Speed in Payments

BIS Quarterly Review March 2017
Number of pages: 12 Posted: 20 Mar 2017
Morten L. Bech, Yuuki Shimizu, Paul Wong and Paul Wong
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Board of Governors of the Federal Reserve SystemBank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 708 (63,877)
Citation 12

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7.

Payments Without Borders

BIS Quarterly Review, March 2020
Number of pages: 13 Posted: 27 Mar 2020
Morten L. Bech, Umar Faruqui and Takeshi Shirakami
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 560 (85,789)

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8.

On the Future of Securities Settlement

BIS Quarterly Review, March 2020
Number of pages: 17 Posted: 27 Mar 2020
Morten L. Bech, Jenny Hancock, Tara Rice and Amber Wadsworth
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 507 (97,050)
Citation 1

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9.

Technology Diffusion within Central Banking: The Case of Real-Time Gross Settlement

FRB of New York Staff Report No. 260
Number of pages: 35 Posted: 27 Sep 2006
Morten L. Bech and Bart Hobijn
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and ASU
Downloads 460 (109,068)
Citation 23

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central bank, technology, diffusion, S-curve, payment systems, RTGS

10.

The Topology of the Federal Funds Market

Downloads 454 (110,737)
Citation 54

The Topology of the Federal Funds Market

FRB of New York Staff Report No. 354
Number of pages: 32 Posted: 12 Nov 2008
Morten L. Bech and Enghin Atalay
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and University of Chicago - Department of Economics
Downloads 228 (230,004)
Citation 61

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federal funds, network, topology, interbank, money markets

The Topology of the Federal Funds Market

ECB Working Paper No. 986
Number of pages: 39 Posted: 02 Feb 2009
Morten L. Bech and Enghin Atalay
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and University of Chicago - Department of Economics
Downloads 226 (231,877)

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network, topology, interbank, money market

11.

Intraday Liquidity Management: A Tale of Games Banks Play

Economic Policy Review, Vol. 14, No. 2, September 2008
Number of pages: 17 Posted: 09 Jun 2008
Morten L. Bech
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 401 (127,990)
Citation 26

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payments, RTGS, liquidity, prisoner's dilemma, stag hunt

12.

Gridlock Resolution in Interbank Payment Systems

Bank of Finland Working Paper No. 9/2001
Number of pages: 34 Posted: 30 Jun 2001
Kimmo Soramaki and Morten L. Bech
European Central Bank (ECB) and Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 387 (133,268)
Citation 8

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payment systems, liquidity, gridlock, algorithms, settlement

13.

Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and Emerging from the Financial Crisis

Downloads 350 (148,864)
Citation 7

Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and Emerging from the Financial Crisis

FEDS Working Paper No. 2012-21
Number of pages: 55 Posted: 10 May 2012 Last Revised: 23 May 2012
Elizabeth Klee, Viktors Stebunovs and Morten L. Bech
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 176 (291,628)
Citation 3

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Repurchase agreement, federal funds, financial crisis, monetary policy implementation, exit strategy

Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and After the Financial Crisis

Paolo Baffi Centre Research Paper No. 2011-99
Number of pages: 46 Posted: 12 Jul 2011
Morten L. Bech, Elizabeth Klee and Viktors Stebunovs
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 174 (294,609)
Citation 3

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14.

Hanging Up the Phone - Electronic Trading in Fixed Income Markets and its Implications

BIS Quarterly Review March 2016
Number of pages: 16 Posted: 09 Mar 2016
Morten L. Bech, Annamaria Illes, Ulf Lewrick and Andreas Schrimpf
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 346 (150,708)
Citation 3

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15.

Global Trends in Large-Value Payments

Economic Policy Review, Vol. 14, No. 2, September 2008
Number of pages: 23 Posted: 09 Jun 2008
Morten L. Bech, Christine Preisig and Kimmo Soramaki
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Federal Reserve Banks - Federal Reserve Bank of New York and European Central Bank (ECB)
Downloads 341 (153,069)
Citation 10

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large-value payments systems, real-time gross settlement, hybrid payments systems, offshore systems, cross-border systems, CLS Bank, technological innovation, structural change in banking, central bank policies

16.

Gridlock Resolution in Interbank Payment Systems

Bank of Finland Research Discussion Paper No. 9/2001
Number of pages: 1 Posted: 17 Aug 2017 Last Revised: 18 Nov 2021
Morten L. Bech and Kimmo Soramäki
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Financial Network Analytics (FNA)
Downloads 282 (186,956)
Citation 6

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17.

The Federal Home Loan Bank System: The Lender of Next-to-Last Resort?

FRB of New York Staff Report No. 357, Federal Reserve Bank of Atlanta Working Paper No. 2009-4
Number of pages: 48 Posted: 02 Dec 2008
Adam B. Ashcraft, Morten L. Bech and W. Scott Frame
Federal Reserve Bank of New York, Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Structured Finance Association
Downloads 273 (193,294)
Citation 14

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Federal Home Loan Bank, government-sponsored enterprise, lender of last resort, liquidity

18.

Illiquidity in the Interbank Payment System Following Wide-Scale Disruptions

FRB of NY Staff Report No. 239
Number of pages: 30 Posted: 13 Mar 2006
Morten L. Bech and Rod Garratt
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 232 (226,953)
Citation 20

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payments, stag hunt, network, topology, moral suasion, too big to fail

19.

The Financial Crisis and the Changing Dynamics of the Yield Curve

BIS Paper No. 65o
Number of pages: 20 Posted: 20 Jun 2012
Morten L. Bech and Yvan Lengwiler
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and University of Basel - Faculty of Business and Economics (WWZ)
Downloads 228 (230,772)

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Term structure of interest rates, financial crisis, interest rate dynamics, LSAP, unconventional monetary policy

20.

Profits and Balance Sheet Developments at U.S. Commercial Banks in 2008

Federal Reserve Bulletin, June 2009
Number of pages: 41 Posted: 18 Jul 2009 Last Revised: 20 Jul 2009
Morten L. Bech and Tara Rice
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Bank for International Settlements (BIS)
Downloads 215 (243,815)
Citation 1

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profitability, U.S. commercial banks

21.

FX Volume During the Financial Crisis and Now

BIS Quarterly Review, March 2012
Number of pages: 11 Posted: 11 Sep 2012
Morten L. Bech
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 211 (248,134)
Citation 1

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22.

Liquidity Regulation and the Implementation of Monetary Policy

BIS Working Paper No. 432
Number of pages: 41 Posted: 27 Feb 2014
Morten L. Bech and Todd Keister
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Rutgers, The State University of New Jersey - Department of Economics
Downloads 197 (264,143)
Citation 19

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Basel III, Liquidity regulations, LCR, Reserves, Corridor system, Monetary policy

23.

The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market

Downloads 167 (305,271)
Citation 58

The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market

FRB of New York Staff Report No. 416
Number of pages: 59 Posted: 27 Dec 2009
Morten L. Bech and Elizabeth Klee
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Board of Governors of the Federal Reserve System
Downloads 88 (495,652)
Citation 39

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federal funds, segmentation, interest on reserves, corridor system, exit strategy

The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market

FEDS Working Paper No. 07
Number of pages: 65 Posted: 09 Mar 2011
Elizabeth Klee and Morten L. Bech
Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 79 (530,009)
Citation 17

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Federal funds, segmentation, interest on reserves, corridor system, exit strategy

24.

Monetary Policy in a Downturn: Are Financial Crises Special?

BIS Working Paper No. 388
Number of pages: 25 Posted: 02 Oct 2012
Morten L. Bech, Leonardo Gambacorta and Enisse Kharroubi
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 136 (361,124)
Citation 4

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monetary policy, financial crisis, recession, deleveraging

25.

FX Market Trends Before, Between and Beyond Triennial Surveys

BIS Quarterly Review, December 2013
Number of pages: 10 Posted: 28 Apr 2014
Morten L. Bech and Jhuvesh Sobrun
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Bank for International Settlements (BIS)
Downloads 133 (367,335)

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26.

Congestion and Cascades in Payment Systems

FRB of New York Staff Report No. 259
Number of pages: 39 Posted: 27 Sep 2006
Walter Beyeler, Robert Glass, Morten L. Bech and Kimmo Soramaki
Sandia National Laboratories, Sandia National Laboratories, Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and European Central Bank (ECB)
Downloads 118 (401,710)
Citation 5

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network, topology, interbank, payment, money market, sandpile model

27.

On the Economics of Committed Liquidity Facilities

BIS Working Paper No. 439
Number of pages: 29 Posted: 27 Feb 2014
Morten L. Bech and Todd Keister
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Rutgers, The State University of New Jersey - Department of Economics
Downloads 108 (428,530)

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Basel III, liquidity regulation, liquidity premium, liquidity coverage ratio, committed liquidity facility

28.

Settlement Liquidity and Monetary Policy Implementation — Lessons from the Financial Crisis

Economic Policy Review, Vol. 18, No. 1, 2012
Number of pages: 25 Posted: 13 Sep 2013
Morten L. Bech, Antoine Martin and James McAndrews
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Federal Reserve Bank of New York - Research and Statistics and Wharton Financial Institutions Center
Downloads 105 (437,250)
Citation 11

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monetary policy, liquidity, Fedwire, credit risk, payment system, monetary policy

29.

Which Bank is the 'Central' Bank? An Application of Markov Theory to the Canadian Large Value Transfer System

FRB of New York Staff Report No. 356
Number of pages: 20 Posted: 02 Dec 2008
Morten L. Bech, James T. E. Chapman and Rod Garratt
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Government of Canada - Bank of Canada and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 94 (471,221)
Citation 17

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federal funds, network, topology, interbank, money markets

30.

Mapping Change in the Federal Funds Market

FRB of New York Staff Report No. 507
Number of pages: 14 Posted: 26 Aug 2011
Morten L. Bech, Carl T. Bergstrom, Rodney Garratt and Martin Rosvall
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, University of Washington, Independent and Umea University Deptartment of Physics
Downloads 68 (569,889)

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federal funds market, lending, payment, networks, clustering, map equation

31.

A Search-Based Model of the Interbank Money Market and Monetary Policy Implementation

BIS Working Paper No. 529
Number of pages: 44 Posted: 24 Nov 2015
Morten L. Bech and Cyril Monnet
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and University of Bern
Downloads 65 (583,474)
Citation 13

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Interbank market, monetary policy implementation, unconventional monetary policy

32.

The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market

FEDS Working Paper No. 2010-7
Posted: 09 Jul 2021
Morten L. Bech and Elizabeth C. Klee
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures and Federal Reserve Board of Governors

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33.

Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and Emerging from the Financial Crisis

FEDS Working Paper No. 2012-21
Posted: 09 Jul 2021
Morten L. Bech, Elizabeth Klee and Viktors Stebunovs
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

Abstract:

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