Morten Linnemann Bech

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Morten Linnemann Bech

Morten Linnemann Bech

Head of Secretariat

Committee on Payments and Market Infrastructures

morten.bech@bis.org

Morten Bech joined the BIS in mid-2011. Before taking up his current assignment in 2016, he held the position of Secretary to the Markets Committee, with responsibility for coordinating and contributing to the activities of the Committee and its various working groups. He 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 DC. He holds a PhD 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, large-value payment systems and systemic risk.

Fields of interest

Monetary policy
Financial markets
Financial market infrastructures

Date	BIS research papers
Sep 2017	Central bank cryptocurrencies BIS Quarterly Review September 2017 Other authors: Rodney Garratt
Mar 2017	The quest for speed in payments BIS Quarterly Review March 2017 Other authors: Yuuki Shimizu and Paul Wong
Mar 2016	Hanging up the phone - electronic trading in fixed income markets and its implications BIS Quarterly Review March 2016 Other authors: Anamaria Illes, Ulf Lewrick and Andreas Schrimpf
Mar 2016	How have central banks implemented negative policy rates? BIS Quarterly Review March 2016 Other authors: Aytek Malkhozov
Nov 2015	A search-based model of the interbank money market and monetary policy implementation BIS Working Papers No 529 Other authors: Cyril Monnet
Jan 2014	On the economics of committed liquidity facilities BIS Working Papers No 439 Other authors: Todd Keister
Dec 2013	FX market trends before, between and beyond Triennial Surveys BIS Quarterly Review December 2013 Other authors: Jhuvesh Sobrun
Oct 2013	Liquidity regulation and the implementation of monetary policy BIS Working Papers No 432 Other authors: Todd Keister
Dec 2012	On the liquidity coverage ratio and monetary policy implementation BIS Quarterly Review December 2012 Other authors: Todd Keister
Sep 2012	Monetary policy in a downturn: Are financial crises special? BIS Working Papers No 388 Other authors: Leonardo Gambacorta and Enisse Kharroubi

"A search-based model of the interbank money market and monetary policy implementation", Journal of Economic Theory, vol 164, July 2016, pp 32-67.
" Illiquidity in the interbank payment system following wide-scale disruptions" (with R Garratt), Journal of Money, Credit and Banking, vol 44, 2012, no 5.
" The mechanics of a graceful exit: interest on reserves and segmentation in the federal funds market" (with E Klee), Journal of Monetary Economics, vol 58, issue 5, 2011.
" Which bank is the 'central' bank?" (with J Chapman and R Garratt), Journal of Monetary Economics, vol 57, issue 3, April 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, vol 42, issue 4, June 2010.
" The topology of the federal funds market" (with E Atalay), Physica A: Statistical Mechanics and its Applications, vol 389, issue 22, November 2010.
" The intraday liquidity management game" (with R Garratt), Journal of Economic Theory, vol 109, 2003, pp 198-219.