Morten Bech
Senior Economist
Monetary and Economic Department, Monetary Policy
Morten Bech joined the BIS in the summer of 2011 and is currently a Senior Economist in the Monetary Policy function of the Monetary and Economics Department. Morten has previously worked for the Federal Reserve Bank of New York and the Danish central bank. In 2009, he was a visitor at the Monetary Affairs Division of the Federal Reserve Board in Washington D.C. He holds a Ph.D. in Economics from the University of California, Santa Barbara. He has written on different issues relating to monetary policy implementation, money markets, network topology of financial markets and flows, large value payment systems and systemic risk.
Fields of interest
-
Business cycles and growth
-
Financial markets
-
Financial market infrastructures
Selected Publications
-
"The mechanics of a graceful exit: interest on reserves and segmentation in the federal funds market", (with E. Klee), Journal of Monetary Economics in press.
-
"The Topology of the Federal Funds Market", (with. E. Atalay), Physica A: Statistical Mechanics and its Applications Volume 389(22). 2010.
-
"The Federal Home Loan Bank System: The Lender of Next-to-Last Resort?", with (A. Ashcraft and S. Frame) Journal of Money, Credit and Banking 42 (4) 2010.
-
Which bank is the "central¿ bank?", (with J. Chapman and R. Garratt). Journal of Monetary Economics, Volume 57, Issue 3, 2010.
-
"The Intraday Liquidity Management Game", (with R. Garratt), Journal of Economic Theory, 109 (2003), 198-219.
