Access Statistics for Michael J. Fleming

Author contact details at EconPapers.

Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A Closer Look at the Federal Reserve’s Securities Lending Program 0 1 9 52 5 12 30 100
Advent of Trade Reporting for U.S. Treasury Securities 0 0 1 5 0 0 1 18
All-to-All Trading in the U.S. Treasury Market 0 1 1 15 0 4 15 34
An analysis of CDS transactions: implications for public reporting 0 0 0 19 0 0 2 98
An analysis of OTC interest rate derivatives transactions: implications for public reporting 0 0 1 24 0 0 1 109
Anomalous bidding in short-term Treasury bill auctions 0 0 0 77 0 1 3 502
Are larger Treasury issues more liquid? Evidence from bill reopenings 0 0 1 158 1 1 3 865
Assessing the Price Impact of Treasury Market Workups 0 0 0 11 0 0 3 24
At the N.Y. Fed: Workshop on the Risks of Wholesale Funding 0 0 0 7 0 0 1 16
Breaking Down TRACE Volumes Further 0 0 1 4 1 1 3 20
Breaking Down TRACE Volumes Further 0 0 0 8 0 0 0 18
Changes in the Returns to Market Making 0 1 2 16 0 1 3 37
Characterizing the Rising Settlement Fails in Seasoned Treasury Securities 0 0 0 5 0 1 2 19
Continuing the Conversation on Liquidity 0 0 0 0 1 1 2 13
Corporate Bond Market Liquidity Redux: More Price-Based Evidence 0 0 2 21 0 0 3 22
Creditor Recovery in Lehman’s Bankruptcy 0 1 4 65 0 3 15 331
Customer and Employee Losses in Lehman’s Bankruptcy 0 0 0 2 0 1 3 18
Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed Income Markets 0 1 2 33 0 1 5 105
Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed-Income Markets 1 3 4 17 2 4 8 68
Dealer Capacity and U.S. Treasury Market Functionality 0 0 0 17 0 1 9 21
Dealer Participation in the TSLF Options Program 0 0 4 7 0 2 6 20
Dealer Trading and Positioning in Floating Rate Notes 0 0 1 14 0 1 3 20
Dealer capacity and US Treasury market functionality 0 0 1 5 1 2 10 15
Dealer financial conditions and lender-of-last resort facilities 0 0 0 56 0 0 0 212
Dealers’ Positions and the Auction Cycle 0 0 1 8 0 0 1 20
Did Third Avenue's Liquidation Reduce Corporate Bond Market Liquidity? 0 0 0 2 1 1 1 19
Do You Know How Your Treasury Trades Are Cleared and Settled? 0 0 0 9 0 0 0 30
ECB Monetary Operations and the Interbank Repo Market 0 0 0 33 0 0 4 123
ECB monetary operations and the interbank repo market 0 0 0 3 0 0 0 107
End‑of‑Month Liquidity in the Treasury Market 0 3 6 6 0 1 6 6
Failure Is No Longer a (Free) Option for Agency Debt and Mortgage-Backed Securities 0 0 0 5 0 1 1 15
Federal Reserve liquidity provision during the financial crisis of 2007-2009 0 0 0 59 0 0 2 123
Financial market implications of the federal debt paydown 0 0 1 89 0 0 3 543
Has Liquidity Risk in the Corporate Bond Market Increased? 1 1 2 23 1 1 5 52
Has Liquidity Risk in the Treasury and Equity Markets Increased? 0 0 1 18 0 0 3 34
Has MBS Market Liquidity Deteriorated? 0 1 1 16 0 1 3 17
Has Treasury Market Liquidity Improved in 2024? 0 3 8 8 0 2 8 8
Has U.S. Treasury Market Liquidity Deteriorated? 0 0 1 27 1 1 6 72
Heat waves, meteor showers, and trading volume: an analysis of volatility spillovers in the U.S. Treasury market 0 0 0 145 0 0 2 794
Heat waves, meteor showers, and trading volume: an analysis of volatility spillovers in the U.S. Treasury market 0 0 0 149 0 1 1 915
How Does Tick Size Affect Treasury Market Quality? 1 1 2 12 1 1 4 33
How Does the Liquidity of New Treasury Securities Evolve? 0 0 2 13 1 2 4 47
How Has Treasury Market Liquidity Evolved in 2023? 0 0 1 3 0 0 3 9
How Liquid Has the Treasury Market Been in 2022? 0 0 1 17 0 0 1 25
How Liquid Is the Inflation Swap Market? 0 0 3 29 0 0 6 68
How Liquid Is the New 20-Year Treasury Bond? 0 0 0 19 2 8 15 80
How Might Increased Transparency Affect the CDS Market? 0 0 0 2 0 0 1 11
How Much Value Was Destroyed by the Lehman Bankruptcy? 0 0 0 7 0 1 4 35
How do treasury dealers manage their positions? 0 0 1 199 0 1 6 1,445
How workers use 401(k) plans: the participation, contribution, and withdrawal decisions 0 0 0 276 2 2 5 1,435
Information on Dealer Activity in Specific Treasury Issues Now Available 0 0 0 2 0 0 0 9
Intraday market making with overnight inventory costs 0 0 0 30 0 0 6 131
Introduction to a Series on Market Liquidity 0 0 2 4 1 1 3 12
Introduction to a Series on Market Liquidity: Part 2 0 0 1 1 0 0 2 10
Is Treasury Market Liquidity Becoming More Concentrated 0 0 1 13 0 0 1 17
Lehman's Bankruptcy Expenses 0 0 0 7 0 1 3 36
Liquidity and volatility in the U.S. treasury market 0 0 2 124 0 0 6 349
Market Liquidity after the Financial Crisis 0 0 0 16 0 0 1 30
Market Liquidity after the Financial Crisis 0 0 1 50 0 1 6 96
Market liquidity after the financial crisis 0 0 1 161 1 1 8 282
Measuring Settlement Fails 0 0 2 9 0 0 2 31
Measuring Treasury Market Depth 0 0 15 15 0 0 10 10
Measuring treasury market liquidity 0 0 2 565 0 3 9 1,621
New evidence on the effectiveness of the proxy mechanism 1 1 1 77 1 1 3 688
Options of Last Resort 0 0 0 0 0 2 2 14
Preserving firm value through exit: the case of voluntary liquidations 0 0 1 75 0 1 2 376
Price Impact of Trades and Orders in the U.S. Treasury Securities Market 0 1 2 27 0 1 5 50
Price and size discovery in financial markets: evidence from the U.S. Treasury securities market 0 0 0 46 0 0 3 141
Price formation and liquidity in the U.S. Treasury market: evidence from intraday patterns around announcements 0 0 0 189 2 2 2 816
Price formation and liquidity in the U.S. treasuries market: evidence from intraday patterns around announcements 0 0 0 131 0 0 1 601
Primary Dealer Participation in the Secondary U.S. Treasury Market 0 0 0 19 1 2 6 41
Primary Dealers’ Waning Role in Treasury Auctions 0 0 0 14 0 0 3 28
Redemption Risk of Bond Mutual Funds and Dealer Positioning 0 0 3 19 0 0 4 55
Repo Market Microstructure in Unusual Monetary Policy Conditions 1 1 1 55 1 1 4 280
Repo market effects of the Term Securities Lending Facility 0 0 0 98 0 1 4 350
The 2022 Spike in Corporate Security Settlement Fails 0 0 5 12 0 1 9 18
The Bond Market Selloff in Historical Perspective 0 0 3 13 1 2 5 29
The COVID-19 Pandemic and the Fed’s Response 0 4 19 535 2 11 35 916
The Evolution of Treasury Market Liquidity: Evidence from 30 Years of Limit Order Book Data 0 0 2 70 0 0 11 395
The Evolution of Workups in the U.S. Treasury Securities Market 0 0 0 22 0 1 2 44
The Failure Resolution of Lehman Brothers 0 0 0 7 0 0 1 35
The Federal Reserve’s Market Functioning Purchases 0 0 0 15 0 0 0 14
The Impact of Trade Reporting on the Interest Rate Derivatives Market 0 0 0 2 0 0 0 9
The Indirect Costs of Lehman’s Bankruptcy 0 0 0 6 0 0 3 21
The Microstructure of China's Government Bond Market 0 0 0 104 0 0 0 157
The Microstructure of a U.S. Treasury ECN: The Brokertec Platform 0 0 1 54 0 0 3 439
The Netting Efficiencies of Marketwide Central Clearing 0 0 1 30 0 1 3 68
The Recent Bond Market Selloff in Historical Perspective 1 1 2 10 1 1 3 50
The SOMA Portfolio through Time 0 0 0 10 1 2 7 78
The microstructure of a U.S. Treasury ECN: the BrokerTec platform 0 0 2 139 0 0 4 572
The microstructure of the TIPS market 0 0 0 29 0 0 1 149
The term structure of announcement effects 0 1 1 60 0 2 5 345
The term structure of announcement effects 0 0 1 345 1 3 8 1,453
Tick Size, Competition for Liquidity Provision, and Price Discovery: Evidence from the U.S. Treasury Market 0 0 0 24 0 1 3 72
Trading activity in the Indian government bond market 0 1 1 12 0 2 2 66
Transparency and Sources of Information on the Federal Reserve’s Operations, Income, and Balance Sheet 0 0 0 0 1 1 1 7
Treasury Market Liquidity and the Federal Reserve during the COVID-19 Pandemic 1 1 4 195 1 3 8 465
Treasury Market Liquidity during the COVID-19 Crisis 0 1 2 366 2 5 10 803
Treasury Market When-Issued Trading Activity 5 9 43 101 30 62 275 473
U.S. Treasury Market Action on Election Night 2016 0 0 1 14 0 1 4 22
Unlocking the Treasury Market through TRACE 0 0 0 18 0 0 0 58
Unlocking the Treasury Market through TRACE 0 0 0 8 0 1 1 36
What Explains the June Spike in Treasury Settlement Fails? 0 0 0 4 0 0 1 17
What if? A Counterfactual SOMA Portfolio 0 1 1 2 0 1 2 13
What moves the bond market? 0 0 1 1,051 1 2 10 2,734
What's Driving Dealer Balance Sheet Stagnation? 0 0 0 18 0 0 1 38
What’s behind the March Spike in Treasury Fails? 0 0 0 3 0 0 1 19
Which Dealers Borrowed from the Fed’s Lender-of-Last-Resort Facilities? 0 0 0 37 0 1 1 74
Total Working Papers 12 39 190 6,878 68 183 742 24,534


Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
ANOMALOUS BIDDING IN SHORT‐TERM TREASURY BILL AUCTIONS* 0 0 0 7 0 0 1 49
Are Larger Treasury Issues More Liquid? Evidence from Bill Reopenings 0 0 0 0 0 0 2 300
Are larger Treasury issues more liquid? Evidence from bill reopenings 0 0 0 1 0 1 2 194
Dealer behavior in the specials market for US Treasury securities 1 3 6 223 1 9 26 581
Dealer financial conditions and lender-of-last-resort facilities 0 0 1 31 0 5 8 164
Explaining settlement fails 0 0 3 102 0 0 4 314
Federal Reserve Liquidity Provision during the Financial Crisis of 2007–2009 0 0 0 21 0 0 2 124
How Workers Use 401(K) Plans: The Participation, Contribution, and Withdrawal Decisions 0 0 0 3 1 2 3 58
How do Treasury dealers manage their positions? 1 3 4 4 2 7 13 13
Income effects of Federal Reserve liquidity facilities 0 0 0 59 0 0 0 199
Intraday market making with overnight inventory costs 0 0 1 6 0 0 2 41
Liquidity and volatility in the U.S. Treasury market 0 0 1 31 3 3 7 107
Market Liquidity After the Financial Crisis 0 0 2 12 0 1 4 83
Measuring treasury market liquidity 1 3 6 490 2 4 14 1,577
Price Formation and Liquidity in the U.S. Treasury Market: The Response to Public Information 0 2 8 232 1 3 14 617
Price and Size Discovery in Financial Markets: Evidence from the U.S. Treasury Securities Market 0 0 0 6 0 0 1 34
Repo Market Effects of the Term Securities Lending Facility 1 2 2 68 1 2 4 242
Repurchase agreements with negative interest rates 0 0 0 234 0 0 0 771
The Federal Reserve's foreign exchange swap lines 0 0 2 79 0 1 4 282
The Federal Reserve’s Market Functioning Purchases 2 2 2 3 4 5 9 25
The Term Securities Lending Facility: origin, design, and effects 0 0 3 88 0 2 8 363
The benchmark U.S. Treasury market: recent performance and possible alternatives 0 0 0 182 0 0 2 850
The failure resolution of Lehman Brothers 0 0 0 43 0 0 6 157
The microstructure of a U.S. Treasury ECN: The BrokerTec platform 0 0 0 7 0 1 3 57
The microstructure of the TIPS market 0 0 1 17 0 1 7 112
The round-the-clock market for U.S. Treasury securities 0 0 0 138 0 0 1 696
Tick Size, Competition for Liquidity Provision, and Price Discovery: Evidence from the U.S. Treasury Market 0 1 3 3 0 1 11 11
Trading activity and price transparency in the inflation swap market 0 0 0 20 0 1 3 85
What financing data reveal about dealer leverage 0 1 2 114 0 1 2 345
What moves the bond market? 0 1 5 323 2 5 17 1,047
When the back office moved to the front burner: settlement fails in the treasury market after 9/11 0 0 1 204 0 2 4 875
Who buys Treasury securities at auction? 0 0 0 90 0 0 1 363
Total Journal Articles 6 18 53 2,841 17 57 185 10,736


Chapter File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Liquidity in U.S. Treasury Spot and Futures Markets 0 0 5 61 0 0 8 277
Total Chapters 0 0 5 61 0 0 8 277


Statistics updated 2025-02-05