Market Microstructure, Financial Intermediation, Monetary Policy
Michael J. Fleming is Vice President and Head of the Capital Markets Function in the Research and Statistics Group at the Federal Reserve Bank of New York. His primary research interests are market microstructure, financial intermediation, and monetary policy. Recent work examines the effects of the Federal Reserve’s liquidity facilities, dealer positions management, dealer behavior in the securities lending market, and the microstructure of the TIPS market. Michael joined the New York Fed as an economist in 1994. He received a Ph.D. in Business Economics from Harvard University in 1994 and a B.A. in Economics from Colby College in 1988.
Michael Fleming's CV 
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