Content
2016
- 586 Leverage and risk weighted capital requirements
by Leonardo Gambacorta & Sudipto Karmakar - 585 The effects of a central bank's inflation forecasts on private sector forecasts: Recent evidence from Japan
by Masazumi Hattori & Steven Kong & Frank Packer & Toshitaka Sekine - 584 Intuitive and reliable estimates of the output gap from a Beveridge-Nelson filter
by Güneş Kamber & James Morley & Benjamin Wong - 583 Exchange rate pass-through: What has changed since the crisis?
by Martina Jašová & Richhild Moessner & Előd Takáts - 582 Global inflation forecasts
by Jonathan Kearns - 581 Near-money premiums, monetary policy, and the integration of money markets: lessons from deregulation
by Mark A Carlson & David C Wheelock - 580 Bank capital and dividend externalities
by Viral Acharya & Hanh Le & Hyun Song Shin - 579 Regional pull vs global push factors: China and US influence on Asia-Pacific financial markets
by Chang Shu & Dong He & Jinyue Dong & Honglin Wang - 578 Asset managers, eurodollars and unconventional monetary policy
by Lawrence L Kreicher & Robert Neil McCauley - 577 Are star funds really shining? Cross-trading and performance shifting in mutual fund families
by Alexander Eisele & Tamara Nefedova & Gianpaolo Parise - 576 Crises and rescues: liquidity transmission through international banks
by Claudia Buch & Catherine Koch & Michael Koetter - 575 Housing collateral and small firm activity in Europe
by Ryan Niladri Banerjee & Kristian S Blickle - 574 Low long-term interest rates as a global phenomenon
by Peter Hördahl & Jhuvesh Sobrun & Philip Turner - 573 Intraday dynamics of euro area sovereign credit risk contagion
by Lubos Komarek & Kristyna Ters - 572 Housing prices, mortgage interest rates and the rising share of capital income in the United States
by Gianni La Cava - 571 On the transactions costs ofquantitative easing
by Francis Breedon & Philip Turner - 570 Unconventional monetary policies: a re-appraisal
by Claudio Borio & Anna Zabai - 569 Monetary policy, the financial cycle and ultra-low interest rates
by Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann - 568 Output gaps and policy stabilisation in Latin America: the effect of commodity and capital flow cycles
by Enrique Alberola-Ila & Rocío Gondo & Marco Jacopo Lombardi & Diego Urbina - 567 Understanding the changing equilibrium real interest rates in Asia-Pacific
by Feng Zhu - 566 Monetary facts revisited
by Pavel Gertler & Boris Hofmann - 565 The Collateral Trap
by Frederic Boissay & Russell Cooper - 564 Moore's Law vs. Murphy's Law in the financial system: who's winning?
by Andrew W Lo - 563 Who supplies liquidity, how and when?
by Bruno Biais & Fany Declerck & Sophie Moinas - 562 Expectations and investment
by Nicola Gennaioli & Yueran Ma & Andrei Shleifer - 561 Mobile collateral versus immobile collateral
by Gary Gorton & Tyler Muir - 560 Has the pricing of stocks become more global?
by Ivan Petzev & Andreas Schrimpf & Alexander F. Wagner - 559 A comparative analysis of developments in central bank balance sheet composition
by christiaan Pattipeilohy - 558 Why bank capital matters for monetary policy
by Leonardo Gambacorta & Hyun Song Shin - 557 How does bank capital affect the supply of mortgages? Evidence from a randomized experiment
by Valentina Michelangeli & Enrico Sette - 556 Threat of entry and debt maturity: evidence from airlines
by Gianpaolo Parise - 555 The causal effect of house prices on mortgage demand and mortgage supply: evidence from Switzerland
by Christoph Basten & Catherine Koch - 554 Can a bank run be stopped? Government guarantees and the run on Continental Illinois
by Mark A Carlson & Jonathan Rose - 553 What drives the short-run costs of fiscal consolidation? Evidence from OECD countries
by Ryan Niladri Banerjee & Fabrizio Zampolli - 552 Fiscal sustainability and the financial cycle
by Claudio Borio & Marco Jacopo Lombardi & Fabrizio Zampolli - 551 When the walk is not random: commodity prices and exchange rates
by Emanuel Kohlscheen & Fernando Avalos & Andreas Schrimpf - 550 A new dimension to currency mismatches in the emerging markets - non-financial companies
by Michael Chui & Emese Kuruc & Philip Turner - 549 Monetary policy spillovers and currency networks in cross-border bank lending
by Stefan Avdjiev & Elod Takats - 548 Moving in tandem: bank provisioning in emerging market economies
by Andres Murcia & Emanuel Kohlscheen - 547 When pegging ties your hands
by Nikola Tarashev & Anna Zabai - 546 Financial intermediation and monetary policy transmission in EMEs: What has changed post-2008 crisis?
by Madhusudan Mohanty & Kumar Rishabh - 545 Booms and banking crises
by Frederic Boissay & Fabrice Collard & Frank Smets - 544 What drives inflation expectations in Brazil? Public versus private information
by Waldyr D Areosa - 543 Fiscal policy and the cycle in Latin America: the role of financing conditions and fiscal rules
by Enrique Alberola-Ila & Iván Kataryniuk & Ángel Melguizo & René Orozco - 542 Bank standalone credit ratings
by Michael R King & Steven Ongena & Nikola Tarashev - 541 How do global investors differentiate between sovereign risks? The new normal versus the old
by Marlene Amstad & Eli M Remolona & Jimmy Shek - 540 Self-oriented monetary policy, global financial markets and excess volatility of international capital flows
by Ryan Niladri Banerjee & Michael B Devereux & Giovanni Lombardo - 539 International Trade Finance and the Cost Channel of Monetary Policy in Open Economies
by Nikhil Patel - 538 Sovereign yields and the risk-taking channel of currency appreciation
by Boris Hofmann & Ilhyock Shim & Hyun Song Shin - 537 Exchange rates and monetary spillovers
by Guillaume Plantin & Hyun Song Shin - 536 Is macroprudential policy instrument blunt?
by Katsurako Sonoda & Nao Sudo - 535 Interbank networks in the national banking era: their purpose and their role in the panic of 1893
by Charles W Calomiris & Mark A Carlson - 534 Labour reallocation and productivity dynamics: financial causes, real consequences
by Claudio Borio & Enisse Kharroubi & Christian Upper & Fabrizio Zampolli
2015
- 533 Managing price and financial stability objectives - what can we learn from the Asia-Pacific region?
by Soyoung Kim & Aaron Mehrotra - 532 Mortgage risk and the yield curve
by Aytek Malkhozov & Philippe Mueller & Andrea Vedolin & Gyuri Venter - 531 The supply side of household finance
by Gabriele Foà & Leonardo Gambacorta & Luigi Guiso & Paolo Emilio Mistrulli - 530 Commercial bank failures during The Great Recession: the real (estate) story
by Adonis Antoniades - 529 A search-based model of the interbank money market and monetary policy implementation
by Morten Linneman Bech & Cyril Monnet - 528 External shocks, banks and optimal monetary policy in an open economy
by Yasin Mimir & Enes Sunel - 527 Expectations and risk premia at 8:30am: Macroeconomic announcements and the yield curve
by Peter Hördahl & Eli M Remolona & Giorgio Valente - 526 Modelling the time-variation in euro area lending spreads
by Boris Blagov & Michael Funke & Richhild Moessner - 525 Capital flows and the current account: Taking financing (more) seriously
by Claudio Borio & Piti Disyatat - 524 Breaking free of the triple coincidence in international finance
by Stefan Avdjiev & Robert Neil McCauley & Hyun Song Shin - 523 The evolution of inflation expectations in Canada and the US
by James Yetman - 522 Do banks extract informational rents through collateral?
by Bing Xu & Honglin Wang & Adrian Van Rixtel - 521 Does variance risk have two prices? Evidence from the equity and option markets
by Laurent Barras & Aytek Malkhozov - 520 Optimal inflation with corporate taxation and financial constraints
by Daria Finocchiaro & Giovanni Lombardo & Caterina Mendicino & Philippe Weil - 519 The hunt for duration: not waving but drowning?
by Dietrich Domanski & Hyun Song Shin & Vladyslav Sushko - 518 Monetary policy and financial spillovers: losing traction?
by Piti Disyatat & Phurichai Rungcharoenkitkul - 517 Leverage on the buy side
by Fernando Avalos & Ramon Moreno & Tania Romero - 516 Optimal time-consistent macroprudential policy
by Javier Bianchi & Enrique G Mendoza - 515 The impact of CCPs' margin policies on repo markets
by Arianna Miglietta & Cristina Picillo & Mario Pietrunti - 514 The influence of monetary policy on bank profitability
by Claudio Borio & Leonardo Gambacorta & Boris Hofmann - 513 The determinants of long-term debt issuance by European banks: evidence of two crises
by Adrian Van Rixtel & Luna Romo González & Jing Yang - 512 International reserves and gross capital flow dynamics
by Enrique Alberola-Ila & Aitor Erce & José María Serena - 511 Higher bank capital requirements and mortgage pricing: evidence from the Countercyclical Capital Buffer (CCB)
by Christoph Basten & Catherine Koch - 510 Global dollar credit and carry trades: a firm-level analysis
by Valentina Bruno & Hyun Song Shin - 509 Investor redemptions and fund manager sales of emerging market bonds: how are they related?
by Jimmy Shek & Ilhyock Shim & Hyun Song Shin - 508 Bond markets and monetary policy dilemmas for the emerging markets
by Jhuvesh Sobrun & Philip Turner - 507 Macroeconomic Effects of Banking Sector Losses across Structural Models
by Luca Guerrieri & Matteo Iacoviello & Francisco Covas & John C. Driscoll & Mohammad Jahan-Parvar & Michael Kiley & Albert Queraltoy & Jae Sim - 506 Macroprudential Policies in a Commodity Exporting Economy
by Andrés González & Franz Hamann & Diego Rodríguez - 505 Phases of Global Liquidity, Fundamentals News, and the Design of Macroprudential Policy
by Javier Bianchi & Enrique G. Mendoza - 504 Credit and Macroprudential Policy in an Emerging Economy: a Structural Model Assessment
by Horacio A. Aguirre & Emilio F. Blanco - 503 Inflation targeting and financial stability: providing policymakers with relevant information
by Anders Vredin - 502 Comparative assessment of macroprudential policies
by Valentina Bruno & Ilhyock Shim & Hyun Song Shin - 501 Leverage dynamics and the real burden of debt
by Mikael Juselius & Mathias Drehmann - 500 Prolonged reserves accumulation, credit booms, asset prices and monetary policy in Asia
by Andrew J Filardo & Pierre L Siklos - 499 Foreign exchange intervention: strategies and effectiveness
by Nuttathum Chutasripanich & James Yetman - 498 Liquidity Squeeze, Abundant Funding and Macroeconomic Volatility
by Enisse Kharroubi - 497 Global Asset Allocation Shifts
by Tim A Kroencke & Maik Schmeling & Andreas Schrimpf - 496 When is macroprudential policy effective?
by Chris McDonald - 495 The transmission of monetary policy in EMEs in a changing financial environment: a longitudinal analysis
by Emanuel Kohlscheen & Ken Miyajima - 494 Financial crisis, US unconventional monetary policy and international spillovers
by Qianying Chen & Andrew Filardo & Dong He & Feng Zhu - 493 Why do we need both liquidity regulations and a lender of last resort? A perspective from Federal Reserve lending during the 2007-09 US financial crisis
by Mark Carlson & Burcu Duygan-Bump & William Nelson - 492 Assessing the CNH-CNY pricing differential: role of fundamentals, contagion and policy
by Michael Funke & Chang Shu & Xiaoqiang Cheng & Sercan Eraslan - 491 A dynamic network model of the unsecured interbank lending market
by Francisco Blasques & Falk Bräuning & Iman van Lelyveld - 490 Why does financial sector growth crowd out real economic growth?
by Stephen G Cecchetti & Enisse Kharroubi - 489 Liquidity and growth: the role of counter-cyclical interest rates
by Philippe Aghion & Emmanuel Farhi & Enisse Kharroubi - 488 Bank competition and credit booms
by Phurichai Rungcharoenkitkul - 487 The biofuel connection: impact of US regulation on oil and food prices
by Fernando Avalos & Marco Jacopo Lombardi - 486 Why did bank lending rates diverge from policy rates after the financial crisis?
by Anamaria Illes & Marco Lombardi & Paul Mizen - 485 Can demography affect inflation and monetary policy?
by Mikael Juselius & Elod Takats - 484 Bank capital shock propagation via syndicated interconnectedness
by Makoto Nirei & Julián Caballero & Vladyslav Sushko - 483 Global dollar credit: links to US monetary policy and leverage
by Robert N McCauley & Patrick McGuire & Vladyslav Sushko - 482 Secular stagnation, debt overhang and other rationales for sluggish growth, six years on
by Stephanie Lo & Kenneth Rogoff - 481 Credit booms: implications for the public and the private sector
by Tano Santos - 480 Trilemmas and trade-offs: living with financial globalisation
by Maurice Obstfeld - 479 Understanding the role of debt in the financial system
by Bengt Holmstrom
2014
- 478 Spillovers of US unconventional monetary policy to Asia: the role of long-term interest rates
by Ken Miyajima & Madhusudan Mohanty & James Yetman - 477 Has the transmission of policy rates to lending rates been impaired by the Global Financial Crisis?
by Leonardo Gambacorta & Anamaria Illes & Marco Jacopo Lombardi - 476 Financial inclusion and optimal monetary policy
by Aaron Mehrotra & James Yetman - 475 SMEs, financial constraints and growth
by Ryan Banerjee - 474 Exchange rate risk and local currency sovereign bond yields in emerging markets
by Blaise Gadanecz & Ken Miyajima & Chang Shu - 473 Liquidity Risk and the Credit Crunch of 2007-2008: Evidence from Micro-Level Data on Mortgage Loan Applications
by Adonis Antoniades - 472 Correlations across Asia-Pacific bond markets and the impact of capital flow measures
by Pornpinun Chantapacdepong & Ilhyock Shim - 471 The leverage ratio over the cycle
by Michael Brei & Leonardo Gambacorta - 470 The Impact of Liquidity Regulation on Banks
by Ryan N. Banerjee & Hitoshi Mio - 469 When firms and industries matter: understanding the sources of productivity growth
by Ulf Lewrick & Lukas Mohler & Rolf Weder - 468 The redistributive effects of financial deregulation: wall street versus main street
by Anton Korinek & Jonathan Kreamer - 467 Managing Default Risk
by Anna Zabai - 466 Benchmark tipping in the global bond market
by Lawrence Kreicher & Robert N McCauley & Philip Wooldridge - 465 Developing an underlying inflation gauge for China
by Marlene Amstad & Ye Huan & Guonan Ma - 464 Decaying expectations: what inflation forecasts tell us about the anchoring of inflation expectations
by Aaron Mehrotra & James Yetman - 463 Monetary analysis and the global financial cycle: an Asian central bank perspective
by Andrew Filardo & Hans Genberg & Boris Hofmann - 462 The effects of intraday foreign exchange market operations in Latin America: results for Chile, Colombia, Mexico and Peru
by Miguel Fuentes & Pablo Pincheira & Juan Manuel Julio & Hernán Rincón & Santiago García-Verdú & Miguel Zerecero & Marco Vega & Erick Lahura & Ramon Moreno - 461 A policy model to analyze macroprudential regulations and monetary policy
by Sami Alpanda & Gino Cateau & Cesaire Meh - 460 Traditional and matter-of-fact financial frictions in a DSGE model for Brazil: the role of macroprudential instruments and monetary policy
by Fabia A. de Carvalho & Marcos R. Castro & Silvio M. A. Costa - 459 Spillovers, capital ows and prudential regulation in small open economies
by Paul Castillo & Cesar Carrera & Marco Ortiz & Hugo Vega - 458 Cross-border banking and global liquidity
by Valentina Bruno & Hyun Song Shin - 457 The international monetary and financial system: a capital account historical perspective
by Claudio Borio & Harold James & Hyun Song Shin - 456 The international monetary and financial system: its Achilles heel and what to do about it
by Claudio Borio - 455 Filling in the Blanks: Network Structure and Interbank Contagion
by Kartik Anand & Ben Craig & Goetz von Peter - 454 Understanding the challenges for infrastructure finance
by Torsten Ehlers - 453 The FRBNY Staff Underlying Inflation Gauge: UIG
by Marlene Amstad & Simon Potter & Robert Rich - 452 A shadow policy rate to calibrate US monetary policy at the zero lower bound
by Marco Jacopo Lombardi & Feng Zhu - 451 Measuring Economic Slack: A Forecast-Based Approach with Applications to Economies in Asia and the Pacific
by James Morley - 450 Globalisation, pass-through and the optimal policy response to exchange rates
by Michael B Devereux & James Yetman - 449 Credit Growth, Monetary Policy, and Economic Activity in a Three-Regime TVAR Model
by Stefan Avdjiev & Zheng Zeng - 448 The exit from non-conventional monetary policy: what challenges?
by Philip Turner - 447 Trade linkages and the globalisation of inflation in Asia and the Pacific
by Raphael A Auer & Aaron Mehrotra - 446 One currency, two markets: the renminbi’s growing influence in Asia-Pacific
by Chang Shu & Dong He & Xiaoqiang Cheng - 445 Foreign exchange intervention and the banking system balance sheet in emerging market economies
by Blaise Gadanecz & Aaron Mehrotra & Madhusudan S Mohanty - 444 Reforming the international monetary system in the 1970s and 2000s: would an SDR substitution account have worked?
by Robert N McCauley & Catherine R Schenk - 443 Banks and capital requirements: channels of adjustment
by Benjamin H Cohen & Michela Scatigna - 442 A parsimonious approach to incorporating economic information in measures of potential output
by Claudio Borio & Piti Disyatat & Mikael Juselius - 441 The global long-term interest rate, financial risks and policy choices in EMEs
by Philip Turner - 440 Monetary policy and financial stability: what role in prevention and recovery?
by Claudio Borio - 439 On the economics of committed liquidity facilities
by Morten Bech & Todd Keister
2013
- 438 Asia’s decoupling: fact, forecast or fiction?
by Lillie Lam & James Yetman - 437 International monetary policy coordination: past, present and future
by John B Taylor - 436 Global spillovers and domestic monetary policy
by Menzie D Chinn - 435 Is monetary policy overburdened?
by Athanasios Orphanides - 434 Cyclical macroeconomic policy, financial regulation and economic growth
by Philippe Aghion & Enisse Kharroubi - 433 Can non-interest rate policies stabilise housing markets? Evidence from a panel of 57 economies
by Kenneth N Kuttner & Ilhyock Shim - 432 Liquidity regulation and the implementation of monetary policy
by Morten L. Bech & Todd Keister - 431 Transmitting global liquidity to East Asia: policy rates, bond yields, currencies and dollar credit
by Dong He & Robert N McCauley - 430 Asymmetric effects of FOREX intervention using intraday data: evidence from Peru
by Erick Lahura & Marco Vega - 429 On central bank interventions in the Mexican peso/dollar foreign exchange market
by Santiago García-Verdú & Miguel Zerecero - 428 The impact of pre-announced day-to-day interventions on the Colombian exchange rate
by Juan José Echavarría & Luis Fernando Melo & Santiago Téllez & Mauricio Villamizar - 427 Interventions and inflation expectations in an inflation targeting economy
by Pablo Pincheira - 426 Order Flow and the Real: Indirect Evidence of the Effectiveness of Sterilized Interventions
by Emanuel Kohlscheen - 425 The response of tail risk perceptions to unconventional monetary policy
by Masazumi Hattori & Andreas Schrimpf & Vladyslav Sushko - 424 Global and euro imbalances: China and Germany
by Guonan Ma & Robert N McCauley - 423 Intraday dynamics of euro area sovereign CDS and bonds
by Jacob Gyntelberg & Peter Hördahl & Kristyna Ters & Jörg Urban - 422 Measuring bank competition in China: a comparison of new versus conventional approaches applied to loan markets
by Bing Xu & Adrian Van Rixtel & Michiel Van Leuvensteijn - 421 Evaluating early warning indicators of banking crises: Satisfying policy requirements
by Mathias Drehmann - 420 On the correlation between commodity and equity returns: implications for portfolio allocation
by Marco Jacopo Lombardi - 419 Caveat creditor
by Philip Turner - 418 Should monetary policy lean against the wind? - an analysis based on a DSGE model with banking
by Leonardo Gambacorta & Federico M Signoretti - 417 Relationship and Transaction Lending in a Crisis
by Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli - 416 Credit and growth after financial crises
by Elod Takáts & Christian Upper - 415 The interest rate effects of government debt maturity
by Jagjit S Chadha & Philip Turner & Fabrizio Zampolli - 414 Foreign exchange intervention and expectation in emerging economies
by Ken Miyajima - 413 The 2011 FDIC assessment on banks managed liabilities: interest rate and balance-sheet responses
by Lawrence L Kreicher & Robert N McCauley & Patrick McGuire - 412 Structural bank regulation initiatives: approaches and implications
by Leonardo Gambacorta & Adrian Van Rixtel - 411 Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute
by Joshua Aizenman & Brian Pinto & Vladyslav Sushko - 410 Is China or India more financially open?
by Guonan Ma & Robert N McCauley - 409 Wage and price dynamics in a large emerging economy: The case of China
by Carsten A Holz & Aaron Mehrotra - 408 The Great Financial Crisis: setting priorities for new statistics
by Claudio Borio - 407 Do economies stall? The international evidence
by Wai-Yip Alex Ho & James Yetman - 406 Financial crises and bank funding: recent experience in the euro area
by Adrian Van Rixtel & Gabriele Gasperini - 405 Information flows in foreign exchange markets: dissecting customer currency trades
by Lukas Mankhoff & Lucio Sarno & Maik Schmeling & Andreas Schrimpf - 404 Rethinking potential output: Embedding information about the financial cycle
by Claudio Borio & Frank Piti Disyatat & Mikael Juselius - 403 Benign neglect of the long-term interest rate
by Philip Turner - 402 Understanding Global Liquidity
by Sandra Eickmeier & Leonardo Gambacorta & Boris Hofmann
2012
- 401 Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets
by Paul Mizen & Frank Packer & Eli M Remolona & Serafeim Tsoukas - 400 Capital Flows and the Risk-Taking Channel of Monetary Policy
by Valentina Bruno & Hyun Song Shin - 399 Global safe assets
by Pierre-Olivier Gourinchas & Olivier Jeanne - 398 The great leveraging
by Alan M. Taylor - 397 Financial Globalisation and the Crisis
by Philip R. Lane - 396 Systematic monetary policy and the forward premium puzzle
by Demosthenes N. Tambakis & Nikola Tarashev - 395 The financial cycle and macroeconomics: What have we learnt?
by Claudio Borio - 394 Unmitigated disasters? New evidence on the macroeconomic cost of natural catastrophes
by Goetz von Peter & Sebastian von Dahlen & Sweta C Saxena - 393 Interpreting TARGET2 balances
by Stephen Cecchetti & Robert McCauley & Patrick McGuire - 392 Liquidity in Government versus Covered Bond Markets
by Jens Dick-Nielsen & Jacob Gyntelberg & Thomas Sangill - 391 Emerging market local currency bonds: diversification and stability
by Ken Miyajima & Madhusudan Mohanty & Tracy Chan - 390 The liquidity consequences of the euro area sovereign debt crisis
by William A Allen & Richhild Moessner - 389 Currency intervention and the global portfolio balance effect: Japanese lessons
by Petra Gerlach-Kristen & Robert N McCauley