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Stefan Avdjiev

Personal Details

First Name:Stefan
Middle Name:
Last Name:Avdjiev
RePEc Short-ID:pav41
Terminal Degree:2009 Department of Economics; Southern Methodist University (from RePEc Genealogy)


Bank for International Settlements (BIS)

Basel, Switzerland

: (41) 61 - 280 80 80
(41) 61 - 280 91 00
Centralbahnplatz 2, CH - 4002 Basel
RePEc:edi:bisssch (more details at EDIRC)

Research output

Jump to: Working papers Articles Software Chapters

Working papers

  1. Avdjiev, Stefan & Hale, Galina, 2018. "U.S. Monetary Policy and Fluctuations of International Bank Lending," Working Paper Series 2018-2, Federal Reserve Bank of San Francisco.
  2. Stefan Avdjiev & Catherine Koch & Patrick McGuire & Goetz von Peter, 2018. "Transmission of monetary policy through global banks: whose policy matters?," BIS Working Papers 737, Bank for International Settlements.
  3. Stefan Avdjiev & Valentina Bruno & Catherine Koch, 2018. "The dollar exchange rate as a global risk factor: evidence from investment," BIS Working Papers 695, Bank for International Settlements.
  4. Stefan Avdjiev & Bat-el Berger & Hyun Song Shin, 2018. "Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics," BIS Working Papers 735, Bank for International Settlements.
  5. Avdjiev, Stefan & Hardy, Bryan & Kalemli-Ozcan, Sebnem & Serv�n, Luis, 2017. "Gross Capital Inflows to Banks, Corporates and Sovereigns," CEPR Discussion Papers 11806, C.E.P.R. Discussion Papers.
  6. Stefan Avdjiev & Stephan Binder & Ricardo Sousa, 2017. "External debt composition and domestic credit cycles," BIS Working Papers 627, Bank for International Settlements.
  7. Stefan Avdjiev & Bilyana Bogdanova & Patrick Bolton & Wei Jiang & Anastasia Kartasheva, 2017. "CoCo Issuance and Bank Fragility," NBER Working Papers 23999, National Bureau of Economic Research, Inc.
  8. Avdjiev, Stefan & Gambacorta, Leonardo & Goldberg, Linda S. & Schiaffi, Stefano, 2017. "The shifting drivers of global liquidity," Staff Reports 819, Federal Reserve Bank of New York.
  9. Uluc Aysun & Stefan Avdjiev & Ralf Hepp, 2017. "What drives local lending by global banks?," Working Papers 2017-02, University of Central Florida, Department of Economics.
  10. Stefan Avdjiev & Bryan Hardy & Sebnem Kalemli-Ozcan & Luis Servén, 2017. "Gross Capital Flows by Banks, Corporates and Sovereigns," NBER Working Papers 23116, National Bureau of Economic Research, Inc.
  11. Stefan Avdjiev & Catherine Koch & Patrick McGuire & Goetz von Peter, 2016. "International prudential policy spillovers: a global perspective," BIS Working Papers 589, Bank for International Settlements.
  12. Stefan Avdjiev & Wenxin Du & Catherine Koch & Hyun Song Shin, 2016. "The dollar, bank leverage and the deviation from covered interest parity," BIS Working Papers 592, Bank for International Settlements.
  13. Stefan Avdjiev & Elod Takats, 2016. "Monetary policy spillovers and currency networks in cross-border bank lending," BIS Working Papers 549, Bank for International Settlements.
  14. Stefan Avdjiev & Robert Neil McCauley & Hyun Song Shin, 2015. "Breaking free of the triple coincidence in international finance," BIS Working Papers 524, Bank for International Settlements.
  15. Stefan Avdjiev & Zheng Zeng, 2014. "Credit Growth, Monetary Policy, and Economic Activity in a Three-Regime TVAR Model," BIS Working Papers 449, Bank for International Settlements.
  16. Stefan Avdjiev & Robert McCauley & Patrick McGuire, 2012. "Rapid credit growth and international credit: Challenges for Asia," BIS Working Papers 377, Bank for International Settlements.
  17. Stefan Avdjiev & Patrick McGuire, 2012. "The Social Value of Policy Signals," BIS Working Papers 386, Bank for International Settlements.
  18. Stefan Avdjiev, 2011. "News driven business cycles and data on asset prices in estimated DSGE models," BIS Working Papers 358, Bank for International Settlements.
  19. Stefan Avdjiev & Nathan Balke, 2010. "Stochastic Volatility, Long Run Risks, and Aggregate Stock Market Fluctuations," BIS Working Papers 323, Bank for International Settlements.


  1. Stefan Avdjiev & Mary Everett & Philip R Lane & Hyun Song Shin, 2018. "Tracking the international footprints of global firms," BIS Quarterly Review, Bank for International Settlements, March.
  2. Claudia M Buch & Linda S Goldberg, 2017. "Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 505-558, March.
  3. Stefan Avdjiev & Robert N. McCauley & Hyun Song Shin, 2016. "Breaking free of the triple coincidence in international finance," Economic Policy, CEPR;CES;MSH, vol. 31(87), pages 409-451.
  4. Stefan Avdjiev, 2016. "News Driven Business Cycles and Data on Asset Prices in Estimated DSGE Models," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 181-197, April.
  5. Stefan Avdjiev & Agnė Subelytė & Előd Takáts, 2016. "The ECB's QE and euro cross-border bank lending," BIS Quarterly Review, Bank for International Settlements, September.
  6. Stefan Avdjiev & Patrick McGuire & Philip Wooldridge, 2015. "Enhanced data to analyse international banking," BIS Quarterly Review, Bank for International Settlements, September.
  7. Stefan Avdjiev & Zheng Zeng, 2014. "Credit growth, monetary policy and economic activity in a three-regime TVAR model," Applied Economics, Taylor & Francis Journals, vol. 46(24), pages 2936-2951, August.
  8. Stefan Avdjiev & Elod Takáts, 2014. "Cross-border bank lending during the taper tantrum: the role of emerging market fundamentals," BIS Quarterly Review, Bank for International Settlements, September.
  9. Stefan Avdjiev & Michael Chui & Hyun Song Shin, 2014. "Non-financial corporations from emerging market economies and capital flows," BIS Quarterly Review, Bank for International Settlements, December.
  10. Stefan Avdjiev & Anastasia Kartasheva & Bilyana Bogdanova, 2013. "CoCos: a primer," BIS Quarterly Review, Bank for International Settlements, September.
  11. Caruana, J. & Avdjiev, S., 2012. "Sovereign creditworthiness and financial stability:an international perspective," Financial Stability Review, Banque de France, issue 16, pages 71-85, April.
  12. Stefan Afdjiev & Zsolt Kuti & Elod Takáts, 2012. "The euro area crisis and cross-border bank lending to emerging markets," BIS Quarterly Review, Bank for International Settlements, December.
  13. Avdjiev, Stefan & Zeng, Zheng, 2009. "Impact of heterogeneous managerial productivity on executive hedge markets in an asymmetric information environment," Finance Research Letters, Elsevier, vol. 6(4), pages 187-201, December.

Software components

  1. Stefan Avdjiev, 2014. "Code and data files for "News Driven Business Cycles and Data on Asset Prices in Estimated DSGE Models"," Computer Codes 12-186, Review of Economic Dynamics.


  1. Stefan Avdjiev & Patrick McGuire & Philip Wooldridge, 2015. "Enhancements to the BIS international banking statistics," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Indicators to support monetary and financial stability analysis: data sources and statistical methodologies, volume 39 Bank for International Settlements.

More information

Research fields, statistics, top rankings, if available.


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This author is among the top 5% authors according to these criteria:
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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 23 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-BAN: Banking (12) 2012-04-23 2016-10-30 2017-05-07 2017-06-18 2017-07-09 2017-07-16 2017-08-27 2017-11-26 2017-12-03 2017-12-11 2018-08-20 2018-09-03. Author is listed
  2. NEP-IFN: International Finance (12) 2012-04-23 2015-10-25 2016-04-04 2016-10-30 2017-02-12 2017-06-18 2017-07-09 2017-07-16 2017-08-27 2018-02-12 2018-08-20 2018-09-03. Author is listed
  3. NEP-MON: Monetary Economics (9) 2014-08-09 2015-10-25 2016-04-04 2017-06-18 2017-07-09 2017-07-16 2017-07-16 2018-08-13 2018-09-03. Author is listed
  4. NEP-OPM: Open Economy Macroeconomics (9) 2012-04-23 2015-10-25 2017-02-12 2017-02-12 2017-06-18 2017-07-09 2017-07-16 2018-02-12 2018-08-13. Author is listed
  5. NEP-CBA: Central Banking (8) 2011-11-21 2012-04-23 2014-08-09 2016-04-04 2016-10-30 2017-12-11 2018-08-13 2018-09-03. Author is listed
  6. NEP-MAC: Macroeconomics (8) 2011-11-21 2014-08-09 2016-04-04 2017-05-07 2017-06-18 2017-07-16 2017-08-27 2018-09-03. Author is listed
  7. NEP-DGE: Dynamic General Equilibrium (1) 2011-11-21
  8. NEP-ETS: Econometric Time Series (1) 2010-11-13
  9. NEP-NET: Network Economics (1) 2016-04-04
  10. NEP-SEA: South East Asia (1) 2018-08-20


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