Michael Fleming

Michael Fleming

Vice President
Capital Markets Function
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

Phone (212) 720-6372
Fax (212) 720-1582
michael.fleming@ny.frb.org

Working Papers

Dealer Financial Conditions and Lender-of-Last-Resort Facilities
With Viral Acharya, Warren B. Hrung, and Asani Sarkar
Federal Reserve Bank of New York Staff Report 673, May 2014

ECB Monetary Operations and the Interbank Repo Market
With Peter G. Dunne and Andrey Zholos
Federal Reserve Bank of New York Staff Report 654, December 2013

Order Flow Segmentation and the Role of Dark Trading in the Price Discovery of U.S. Treasury Securities
With Giang Nguyen
Federal Reserve Bank of New York Staff Report 624, August 2013

The Microstructure of China’s Government Bond Market
With Jennie Baiand Casidhe Horan
Federal Reserve Bank of New York Staff Report 622, May 2013

Liquidity, Volatility, and Flights to Safety in the U.S. Treasury Market: Evidence from a New Class of Dynamic Order Book Models
With Robert Engle, Eric Ghysels, and Giang Nguyen
Federal Reserve Bank of New York Staff Reports, No. 590, December 2012

An Analysis of OTC Interest Rate Derivatives Transactions: Implications for Public Reporting
With John Jackson, Ada Li, Asani Sarkar, and Patricia Zobel
Federal Reserve Bank of New York Staff Reports, No. 557,March 2012

An Analysis of CDS Transactions: Implications for Public Reporting
With Kathryn Chen, John Jackson, Ada Li, and Asani Sarkar
Federal Reserve Bank of New York Staff Reports, No. 517, September 2011

The Microstructure of a U.S. Treasury ECN: The BrokerTec Platform
With Bruce Mizrach and Giang Nguyen
Federal Reserve Bank of New York Staff Reports,No. 381, July 2009

How Do Treasury Dealers Manage Their Positions?
With Joshua V. Rosenberg
Federal Reserve Bank of New York Staff Reports, No. 299, August 2007

Monetary Policy Tick-by-Tick
With Monika Piazzesi
Working paper,August 2005

Heat Waves, Meteor Showers, and Trading Volume: An Analysis of Volatility Spillovers in the U.S. Treasury Market
With Jose A. Lopez
Federal Reserve Bank of New York Staff Reports, No. 82, July 1999

The Term Structure of Announcement Effects
With Eli M. Remolona
Federal Reserve Bank of New York Staff Reports, No. 76, May 1999

Preserving Firm Value through Exit: The Case of Voluntary Liquidations
With John J. Moon
Federal Reserve Bank of New York Staff Reports,No. 8, December 1995

Michael Fleming's CVPDFThe views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.