IDEAS home Printed from https://ideas.repec.org/d/botgvth.html

Publications

by members of

Bank of Thailand

These are publications listed in RePEc written by members of the above institution who are registered with the RePEc Author Service. Thus this compiles the works all those currently affiliated with this institution, not those affilated at the time of publication. List of registered members. Register yourself. Citation analysis. This page is updated in the first days of each month.
| Working papers | Journal articles | Chapters |

Working papers

2026

  1. Mintrapan Chaeng-lum & Nuwat Nookhwun & Jettawat Pattararangrong, 2026, "U.S. Dollar Dominance and the Role of Local Currency Settlement Framework: Evidence from Thai Exports," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 250, May.
  2. Tanisa Tawichsri & Suppawong Tuarob & Nuwat Nookhwun & Chinjuta Sangasaeng, 2026, "News-Based Inflation Expectations: LLM-Assisted Measurement and Forecasting," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 252, May, revised Jul 2026.
  3. Nuwat Nookhwun & Jettawat Pattararangrong & Kittichai Saelee & Wisarut Suwanprasert, 2026, "Trade Diversion, Supply-Chain Reconfiguration, and Rerouting During the U.S.–China Trade War," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 258, Jun.

2025

  1. Nuwat Nookhwun & Jettawat Pattararangrong & Phurichai Rungcharoenkitkul, 2025, "Exchange Rate Effects on Firm Performance: A NICER Approach," BIS Working Papers, Bank for International Settlements, number 1266, May.
  2. Teerapap Pangsapa & Thanaphol Kongphalee & Maneerat Gongsiang, 2025, "A Brief Note on Thailand Household Debt Dynamics, Fisher Effects, and Monetary Policy Transmission," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 231, Mar.

2024

  1. Pym Manopimoke & Nuwat Nookhwun & Jettawat Pattararangrong, 2024, "Exchange Rate in Emerging Markets: Shock Absorber or Source of Shock?," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 220, Apr.

2023

  1. Nuwat Nookhwun & Rawipha Waiyawatjakorn, 2023, "Flexible Inflation Targeting and Macroeconomic Performance: Evidence from ASEAN," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 208, Oct, revised Jan 2024.
  2. Nuwat Nookhwun & Pym Manopimoke, 2023, "Disaggregated Inflation Dynamics in Thailand: Which Shocks Matter?," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 211, Dec.
  3. Thosapon Tonghui & Jin Seo Cho, 2023, "Asymmetric Interest Rate Pass-through and Its Effects on Macroeconomic Variables: Evidence from Thailand," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2023rwp-220, Sep.

2022

  1. Warinthip Worasak & Nuwat Nookhwun & Pongpitch Amatyakul, 2022, "Monetary Policy and Risk-Taking: Evidence from Thai Corporate Bond Markets," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 186, Aug.

2021

  1. Rashad Ahmed & Claudio Borio & Piti Disyatat & Boris Hofmann, 2021, "Losing traction? The real effects of monetary policy when interest rates are low," BIS Working Papers, Bank for International Settlements, number 983, Nov.
  2. Pongpitch Amatyakul & Tosapol Apaitan & Savaphol Hiruntiaranakul & Nuwat Nookhwun, 2021, "Revisiting Thailand's Monetary Policy Model for an Integrated Policy Analysis," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 164, Sep.
  3. Tosapol Apaitan & Pym Manopimoke & Nuwat Nookhwun & Jettawat Pattararangrong, 2021, "Heterogeneity in Exchange Rate Pass-through to Import Prices in Thailand: Evidence from Micro Data," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 167, Nov.

2020

  1. Iñaki Aldasoro & Christian Cabanilla & Piti Disyatat & Torsten Ehlers & Patrick McGuire & Goetz von Peter, 2020, "Central bank swap lines and cross-border bank flows," BIS Bulletins, Bank for International Settlements, number 34, Dec.
  2. Iñaki Aldasoro & Stefan Avdjiev & Claudio Borio & Piti Disyatat, 2020, "Global and domestic financial cycles: variations on a theme," BIS Working Papers, Bank for International Settlements, number 864, May.

2019

  1. Claudio Borio & Piti Disyatat & Phurichai Rungcharoenkitkul, 2019, "What anchors for the natural rate of interest?," BIS Working Papers, Bank for International Settlements, number 777, Mar.
  2. Phurichai Rungcharoenkitkul & Claudio Borio & Piti Disyatat Author-X-Name_First: Piti, 2019, "Monetary policy hysteresis and the financial cycle," BIS Working Papers, Bank for International Settlements, number 817, Oct.

2018

  1. Claudio Borio & Piti Disyatat & Mikael Juselius & Phurichai Rungcharoenkitkul, 2018, "Monetary policy in the grip of a pincer movement," BIS Working Papers, Bank for International Settlements, number 706, Mar.
  2. Tosapol Apaitan & Piti Disyatat & Pym Manopimoke, 2018, "Thai Inflation Dynamics: A View from Micro CPI Data," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 85, May.
  3. Warapong Wongwachara & Bovonvich Jindarak & Nuwat Nookhwun & Sophon Tunyavetchakit & Chutipha Klungjaturavet, 2018, "Integrating Monetary Policy and Financial Stability: A New Framework," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 100, Dec.

2017

  1. Maria Teresa Punzi & Pornpinun Chantapacdepong, 2017, "Spillover Effects of Unconventional Monetary Policy in Asia and the Pacific," ADBI Working Papers, Asian Development Bank Institute, number 630, Jan.
  2. Claudio Borio & Piti Disyatat & Mikael Juselius & Phurichai Rungcharoenkitkul, 2017, "Why so low for so long? A long-term view of real interest rates," BIS Working Papers, Bank for International Settlements, number 685, Dec.
  3. Tosapol Apaitan & Nasha Ananchotikul & Piti Disyatat, 2017, "Structural Transformation in Thailand: A Perspective Through Product Innovation," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 72, Oct.

2016

  1. Ayako Saiki & Pornpinun Chantapacdepong & Ulrich Volz, 2016, "Dealing with Quantitative Easing Spillovers in East Asia: The Role of Institutions and Macroprudential Policy," ADBI Working Papers, Asian Development Bank Institute, number 604, Dec.
  2. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2016, "Monetary policy, the financial cycle and ultra-low interest rates," BIS Working Papers, Bank for International Settlements, number 569, Jul.
  3. Tosapol Apaitan & Piti Disyatat & Krislert Samphantharak, 2016, "Dissecting Thailand's International Trade: Evidence from 88 Million Export and Import Entries," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 43, Sep.

2015

  1. Piti Disyatat & Phurichai Rungcharoenkitkul, 2015, "Monetary policy and financial spillovers: losing traction?," BIS Working Papers, Bank for International Settlements, number 518, Oct.
  2. Claudio Borio & Piti Disyatat, 2015, "Capital flows and the current account: Taking financing (more) seriously," BIS Working Papers, Bank for International Settlements, number 525, Oct.

2014

  1. Pornpinun Chantapacdepong & Ilhyock Shim, 2014, "Correlations across Asia-Pacific bond markets and the impact of capital flow measures," BIS Working Papers, Bank for International Settlements, number 472, Dec.
  2. Claudio Borio & Piti Disyatat & Mikael Juselius, 2014, "A parsimonious approach to incorporating economic information in measures of potential output," BIS Working Papers, Bank for International Settlements, number 442, Feb.

2013

  1. Claudio Borio & Frank Piti Disyatat & Mikael Juselius, 2013, "Rethinking potential output: Embedding information about the financial cycle," BIS Working Papers, Bank for International Settlements, number 404, Feb.

2012

  1. Pornpinun Chantapacdepong & Nuttathum Chutasripanich & Bovonvich Jindarak, 2012, "Central Bank Balance Sheet and Policy Implications," Working Papers, Monetary Policy Group, Bank of Thailand, number 2012-07, Jul.
  2. Poomjai Nacaskul & Kritchaya Janjaroen & Suparit Suwanik, 2012, "Economic Rationales for Central Banking: Historical Evolution, Policy Space, Institutional Integrity, and Paradigm Challenges," Working Papers, Monetary Policy Group, Bank of Thailand, number 2012-04, Apr.

2011

  1. Nasha Ananchotikul & Pornpinun Chantapacdepong & Chotima Sitthichaiviset, 2011, "China's Growth in Transition: Implications for the Thai Economy," Working Papers, Monetary Policy Group, Bank of Thailand, number 2011-02, Feb.
  2. Claudio Borio & Piti Disyatat, 2011, "Global imbalances and the financial crisis: Link or no link?," BIS Working Papers, Bank for International Settlements, number 346, May.

2010

  1. Piti Disyatat, 2010, "The bank lending channel revisited," BIS Working Papers, Bank for International Settlements, number 297, Feb.
  2. Nasha Ananchotikul & Nuwat Nookhwun & Paiboon Pongpaichet & Songklod Rastapana & Phurichai Rungcharoenkitkul, 2010, "The Future of Monetary Policy: Roles of Financial Stability and Exchange Rate," Working Papers, Monetary Policy Group, Bank of Thailand, number 2010-07, Jul.

2009

  1. Claudio Borio & Piti Disyatat, 2009, "Unconventional monetary policies: an appraisal," BIS Working Papers, Bank for International Settlements, number 292, Nov.

2008

  1. Piti Disyatat, 2008, "Monetary policy implementation: Misconceptions and their consequences," BIS Working Papers, Bank for International Settlements, number 269, Dec.

2007

  1. Pornpinun Chantapacdepong, 2007, "Determinants of the time varying risk premia," Bristol Economics Discussion Papers, School of Economics, University of Bristol, UK, number 07/597, Mar.
  2. Piti Disyatat & Chayawadee Chai-anant, 2007, "Challenges to Managing Risk and Volatility in the Emerging Market Context," Working Papers, Monetary Policy Group, Bank of Thailand, number 2007-01, Jan.

2005

  1. Piti Disyatat, 2005, "Inflation targeting, asset prices and financial imbalances: conceptualizing the debate," BIS Working Papers, Bank for International Settlements, number 168, Jan.
  2. Gabriele Galati & Piti Disyatat, 2005, "The effectiveness of foreign exchange intervention in emerging market countries: evidence from the Czech koruna," BIS Working Papers, Bank for International Settlements, number 172, Mar.
  3. Piti Disyatat & Surach Tanboon, 2005, "When Global Imbalances Unwind: Challenges for the Asian Region," Working Papers, Monetary Policy Group, Bank of Thailand, number 2005-01, Aug.
  4. Piti Disyatat & Runchana Pongsaparn & Atchana Waiquamdee, 2005, "Effective Exchange Rates and Monetary Policy: The Thai Experience," Working Papers, Monetary Policy Group, Bank of Thailand, number 2005-07, May.

2003

  1. Piti Disyatat & Don Nakornthab, 2003, "Balance Sheets and Economic Recovery," Working Papers, Monetary Policy Group, Bank of Thailand, number 2003-02, Aug.
  2. Piti Disyatat, 2003, "Asia in a Low Inflation Environment: Facts, Orgins, and Implications for Policy," Working Papers, Monetary Policy Group, Bank of Thailand, number 2003-09, Mar.

2002

  1. Piti Disyatat & Pinnarat Wongsinsirikul, 2002, "Monetary Policy and the Transmission Mechanism in Thailand," Working Papers, Monetary Policy Group, Bank of Thailand, number 2002-01, Aug.
  2. Piti Disyatat, 2002, "Currency Crises and the Real Economy: The Role of Banks," Working Papers, Monetary Policy Group, Bank of Thailand, number 2002-08, Feb.
  3. Acemoglu, Daron & Johnson, Simon & Robinson, James A. & Thaicharoen, Yunyong, 2002, "Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth," CEPR Discussion Papers, Centre for Economic Policy Research, number 3575, Oct.

2001

  1. Mr. Piti Disyatat, 2001, "Currency Crises and Foreign Reserves: A Simple Model," IMF Working Papers, International Monetary Fund, number 2001/018, Feb.
  2. Mr. Piti Disyatat & Mr. Gaston Gelos, 2001, "The Asset Allocation of Emerging Market Mutual Funds," IMF Working Papers, International Monetary Fund, number 2001/111, Aug.

2000

  1. Mr. Jörg Decressin & Mr. Piti Disyatat, 2000, "Capital Markets and External Current Accounts: What to Expect From the Euro," IMF Working Papers, International Monetary Fund, number 2000/154, Aug.

Journal articles

2024

  1. Ahmed, Rashad & Borio, Claudio & Disyatat, Piti & Hofmann, Boris, 2024, "Losing traction? The real effects of monetary policy when interest rates are low," Journal of International Money and Finance, Elsevier, volume 141, issue C, DOI: 10.1016/j.jimonfin.2023.102999.
  2. Nuwat Nookhwun & Rawipha Waiyawatjakorn, 2024, "Flexible Inflation Targeting and Macroeconomic Performance: Evidence from ASEAN," Asian Economic Policy Review, Japan Center for Economic Research, volume 19, issue 2, pages 198-219, July, DOI: 10.1111/aepr.12459.
  3. Manopimoke, Pym & Nookhwun, Nuwat & Pattararangrong, Jettawat, 2024, "Exchange rate in emerging markets: Shock absorber or source of shock?," Journal of International Money and Finance, Elsevier, volume 148, issue C, DOI: 10.1016/j.jimonfin.2024.103148.
  4. Apaitan, Tosapol & Manopimoke, Pym & Nookhwun, Nuwat & Pattararangrong, Jettawat, 2024, "Heterogeneity in exchange rate pass-through to import prices in Thailand: Evidence from micro data," Journal of International Money and Finance, Elsevier, volume 149, issue C, DOI: 10.1016/j.jimonfin.2024.103196.

2023

  1. Iñaki Aldasoro & Stefan Avdjiev & Claudio Borio & Piti Disyatat, 2023, "Global and Domestic Financial Cycles: Variations on a Theme," International Journal of Central Banking, International Journal of Central Banking, volume 19, issue 5, pages 49-98, December.

2022

  1. Claudio Borio & Piti Disyatat & Mikael Juselius & Phurichai Rungcharoenkitkul, 2022, "Why So Low for So Long? A Long-Term View of Real Interest Rates," International Journal of Central Banking, International Journal of Central Banking, volume 18, issue 3, pages 47-87, September.

2021

  1. Claudio Borio & Piti Disyatat & Dora Xia & Egon Zakrajšek, 2021, "Monetary policy, relative prices and inflation control: flexibility born out of success," BIS Quarterly Review, Bank for International Settlements, September.

2020

  1. Apaitan, Tosapol & Disyatat, Piti & Manopimoke, Pym, 2020, "Thai inflation dynamics: A view from disaggregated price data," Economic Modelling, Elsevier, volume 84, issue C, pages 117-134, DOI: 10.1016/j.econmod.2019.03.013.

2019

  1. Tosapol Apaitan & Piti Disyatat & Krislert Samphantharak, 2019, "Dissecting Thailand's International Trade: Evidence from 88 Million Export and Import Entries," Asian Development Review, MIT Press, volume 36, issue 1, pages 20-53, March.

2017

  1. Disyatat, Piti & Rungcharoenkitkul, Phurichai, 2017, "Monetary policy and financial spillovers: Losing traction?," Journal of International Money and Finance, Elsevier, volume 74, issue C, pages 115-136, DOI: 10.1016/j.jimonfin.2017.03.007.
  2. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2017, "Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates," International Journal of Central Banking, International Journal of Central Banking, volume 13, issue 3, pages 55-89, September.
  3. Claudio BorioBy & Piti Disyatat & Mikael Juselius, 2017, "Rethinking potential output: embedding information about the financial cycle," Oxford Economic Papers, Oxford University Press, volume 69, issue 3, pages 655-677.

2015

  1. Chantapacdepong, Pornpinun & Shim, Ilhyock, 2015, "Correlations across Asia-Pacific bond markets and the impact of capital flow management measures," Pacific-Basin Finance Journal, Elsevier, volume 34, issue C, pages 71-101, DOI: 10.1016/j.pacfin.2015.05.005.

2011

  1. Piti Disyatat, 2011, "The Bank Lending Channel Revisited," Journal of Money, Credit and Banking, Blackwell Publishing, volume 43, issue 4, pages 711-734, June.

2010

  1. Claudio BORIO & Piti DISYATAT, 2010, "Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance," Asian Economic Policy Review, Japan Center for Economic Research, volume 5, issue 2, pages 198-216, December.
  2. Claudio Borio & Piti Disyatat, 2010, "Unconventional Monetary Policies: An Appraisal," Manchester School, University of Manchester, volume 78, issue s1, pages 53-89, September, DOI: 10.1111/j.1467-9957.2010.02199.x.
  3. Disyatat, Piti, 2010, "Inflation targeting, asset prices, and financial imbalances: Contextualizing the debate," Journal of Financial Stability, Elsevier, volume 6, issue 3, pages 145-155, September.
  4. Stephen G. Cecchetti & Piti Disyatat, 2010, "Central bank tools and liquidity shortages," Economic Policy Review, Federal Reserve Bank of New York, volume 16, issue Aug, pages 29-42.

2008

  1. Decressin, Jörg & Disyatat, Piti, 2008, "Productivity shocks and the current account: An alternative perspective of capital market integration," Journal of International Money and Finance, Elsevier, volume 27, issue 6, pages 897-914, October.

2007

  1. Disyatat, Piti & Galati, Gabriele, 2007, "The effectiveness of foreign exchange intervention in emerging market countries: Evidence from the Czech koruna," Journal of International Money and Finance, Elsevier, volume 26, issue 3, pages 383-402, April.

2004

  1. Disyatat, Piti, 2004, "Currency crises and the real economy: The role of banks," European Economic Review, Elsevier, volume 48, issue 1, pages 75-90, February.

2003

  1. Disyatat, Piti & Vongsinsirikul, Pinnarat, 2003, "Monetary policy and the transmission mechanism in Thailand," Journal of Asian Economics, Elsevier, volume 14, issue 3, pages 389-418, June.
  2. Becker, Torbjorn & Richards, Anthony & Thaicharoen, Yunyong, 2003, "Bond restructuring and moral hazard: are collective action clauses costly?," Journal of International Economics, Elsevier, volume 61, issue 1, pages 127-161, October.
  3. Acemoglu, Daron & Johnson, Simon & Robinson, James & Thaicharoen, Yunyong, 2003, "Institutional causes, macroeconomic symptoms: volatility, crises and growth," Journal of Monetary Economics, Elsevier, volume 50, issue 1, pages 49-123, January.

Chapters

2019

  1. Piti Disyatat, 2019, "Comments on "The global impact of risk-off shocks"," BIS Papers chapters, Bank for International Settlements, in: Bank for International Settlements, "Asia-Pacific fixed income markets: evolving structure, participation and pricing".
  2. Claudio Borio & Piti Disyatat & Mikael Juselius & Phurichai Rungcharoenkitkul, 2019, "Monetary Policy in the Grip of a Pincer Movement," Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile, chapter 10, in: Álvaro Aguirre & Markus Brunnermeier & Diego Saravia, "Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications".

2017

  1. Piti Disyatat, 2017, "Discussion of Exploring the Link between the Macroeconomic and Financial Cycles," RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia, in: Jonathan Hambur & John Simon, "Monetary Policy and Financial Stability in a World of Low Interest Rates".

2016

  1. Piti Disyatat & Phurichai Rungcharoenkitkul, 2016, "Financial globalisation and monetary independence," BIS Papers chapters, Bank for International Settlements, in: Bank for International Settlements, "Expanding the boundaries of monetary policy in Asia and the Pacific".

2013

  1. Piti Disyatat, 2013, "Discussion of Funding Flows and Credit in Carry Trade Economies," RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia, in: Alexandra Heath & Matthew Lilley & Mark Manning, "Liquidity and Funding Markets".

2012

  1. Piti Disyatat, 2012, "Discussion of Property Prices and Bank Risk-taking," RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia, in: Alexandra Heath & Frank Packer & Callan Windsor, "Property Markets and Financial Stability".

2009

  1. Bandid Nijathaworn & Piti Disyatat, 2009, "The Pursuit of Monetary and Financial Stability in Emerging Market Economies," Chapters, Edward Elgar Publishing, chapter 2, in: Gill Hammond & Ravi Kanbur & Eswar Prasad, "Monetary Policy Frameworks for Emerging Markets".

2005

  1. Piti Disyatat & Gabriele Galati, 2005, "The effectiveness of foreign exchange intervention in emerging market countries," BIS Papers chapters, Bank for International Settlements, in: Bank for International Settlements, "Foreign exchange market intervention in emerging markets: motives, techniques and implications".

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.