Content
2017
- 681 Corporate leverage in EMEs: did the global financial crisis change the determinants?
by Snehal S Herwadkar - 680 The macroeconomic effects of asset purchases revisited
by Henning Hesse & Boris Hofmann & James Weber - 679 Syndicated loans and CDS positioning
by Iñaki Aldasoro & Andreas Barth - 678 CoCo issuance and bank fragility
by Stefan Avdjiev & Bilyana Bogdanova & Patrick Bolton & Wei Jiang & Anastasia Kartasheva - 677 Macroeconomic implications of financial imperfections: a survey
by Stijn Claessens & M Ayhan Kose - 676 Asset prices and macroeconomic outcomes: a survey
by Stijn Claessens & M Ayhan Kose - 675 Macroprudential Policies in Peru: The effects of Dynamic Provisioning and Conditional Reserve Requirements
by Elias Minaya & Miguel Cabello - 674 Credit supply responses to reserve requirement: loan-level evidence from macroprudential policy
by João Barata R B Barroso & Rodrigo Barbone Gonzalez & Bernardus F Nazar Van Doornik - 673 Loan-to-value policy and housing finance: effects on constrained borrowers
by Douglas Kiarelly Godoy de Araujo & João Barata R B Barroso & Rodrigo Barbone Gonzalez - 672 Capital and currency-based macroprudential policies: an evaluation using credit registry data
by Horacio A Aguirre & Gastón Repetto - 671 Capital misallocation and financial development: A sector-level analysis
by Daniela Marconi & Christian Upper - 670 Policy Rules for Capital Controls
by Gurnain Kaur Pasricha - 669 Credit misallocation during the European financial crisis
by Fabiano Schivardi & Enrico Sette & Guido Tabellini - 668 Financial and real shocks and the effectiveness of monetary and macroprudential policies in Latin American countries
by Javier Garcia-Cicco & Markus Kirchner & Julio Carrillo & Diego Rodríguez & Fernando Perez & Rocío Gondo & Carlos Montoro & Roberto Chang - 667 Modeling Time-Varying Uncertainty of Multiple-Horizon Forecast Errors
by Todd E Clark & Michael W McCracken & Elmar Mertens - 666 Bank capital allocation under multiple constraints
by Tirupam Goel & Ulf Lewrick & Agnė Nikola Tarashev - 665 Interest rates and house prices in the United States and around the world
by Gregory Sutton & Dubravko Mihaljek & Agnė Subelytė - 664 Is the price right? Swing pricing and investor redemptions
by Ulf Lewrick & Jochen Schanz - 663 Liquidity risk in markets with trading frictions: What can swing pricing achieve?
by Ulf Lewrick & Jochen Schanz - 662 The real effects of relationship lending
by Ryan Niladri Banerjee & Leonardo Gambacorta & Enrico Sette - 661 How important is the Global Financial Cycle? Evidence from capital flows
by Eugenio Cerutti & Stijn Claessens & Andrew K Rose - 660 Informal one-sided target zone model and the Swiss franc
by Yu-Fu Chen & Michael Funke & Richhild Moessner - 659 Effects of capital controls on foreign exchange liquidity
by Carlos Cantú - 658 The Distance Effect in Banking and Trade
by Michael Brei & Goetz von Peter - 657 Quality Pricing-to-Market
by Raphael Auer & Thomas Chaney & Philip Sauré - 656 Demographics will reverse three multi-decade global trends
by Charles Goodhart & Manoj Pradhan - 655 The FinTech Opportunity
by Thomas Philippon - 654 World changes in inequality: an overview of facts, causes, consequences and policies
by François Bourguignon - 653 Dollar pricing redux
by Camila Casas & Federico Díez & Gita Gopinath & Pierre-Olivier Gourinchas - 652 The discontinuation of the EUR/CHF minimum exchange rate in January 2015: was it expected?
by Michael Funke & Julius Loermann & Richhild Moessner - 651 Segmented money markets and covered interest parity arbitrage
by Dagfinn Rime & Andreas Schrimpf & Olav Syrstad - 650 Financial deglobalisation in banking?
by Robert Neil McCauley & Agustín S Bénétrix & Patrick McGuire & Goetz von Peter - 649 Monetary policy transmission and trade-offs in the United States: Old and new
by Boris Hofmann & Gert Peersman - 648 Credit ratings of domestic and global agencies: What drives the differences in China and how are they priced?
by Xianfeng Jiang & Frank Packer - 647 The evolution of inflation expectations in Japan
by Masazumi Hattori & James Yetman - 646 Macroprudential policy and bank risk
by Yener Altunbas & Mahir Binici & Leonardo Gambacorta - 645 Accounting for debt service: the painful legacy of credit booms
by Mathias Drehmann & Mikael Juselius & Anton Korinek - 644 The shifting drivers of global liquidity
by Stefan Avdjiev & Leonardo Gambacorta & Linda Goldberg & Stefano Schiaffi - 643 The international dimensions of macroprudential policies
by Pierre-Richard Agénor & Enisse Kharroubi & Leonardo Gambacorta & Giovanni Lombardo & Luiz Awazu Pereira da Silva - 642 The effects of monetary policy shocks on inequality in Japan
by Masayuki Inui & Nao Sudo & Tomoaki Yamada - 641 China's evolving monetary policy rule: from inflation-accommodating to anti-inflation policy
by Eric Girardin & Sandrine Lunven & Guonan Ma - 640 Understanding the determinants of financial outcomes and choices: the role of noncognitive abilities
by Gianpaolo Parise & Kim Peijnenburg - 639 Supply- and demand-side factors in global banking
by Mary Amiti & Patrick McGuire & David E Weinstein - 638 Assessing fiscal policy through the lens of the financial and the commodity price cycles
by Enrique Alberola-Ila & Ricardo Sousa - 637 Global value chains and effective exchange rates at the country-sector level
by Nikhil Patel & Zhi Wang & Shang-Jin Wei - 636 The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data
by Leonardo Gambacorta & Andrés Murcia Pabón - 635 Prudential policies and their impact on credit in the United States
by Paul Calem & Ricardo Correa & Seung Jung Lee - 634 Evaluating the impact of macroprudential policies on credit growth in Colombia
by Esteban Gómez & Angélica Lizarazo & Juan Carlos Mendoza & Andrés Murcia Pabón - 633 The impact of warnings published in a financial stability report on loan-to value ratios
by Andrés Alegría & Rodrigo Alfaro & Felipe Córdova - 632 The impact of macroprudential housing finance tools in Canada
by Jason Allen & Timothy Grieder & Tom Roberts & Brian Peterson - 631 Arbitrage costs and the persistent non-zero CDS-bond basis: Evidence from intraday euro area sovereign debt markets
by Jacob Gyntelberg & Peter Hördahl & Kristyna Ters & Jörg Urban - 630 How post-crisis regulation has affected bank CEO compensation
by Vittoria Cerasi & Sebastian M Deininger & Leonardo Gambacorta & Tommaso Oliviero - 629 The beneficial aspect of FX volatility for market liquidity
by Jakree Koosakul & Ilhyock Shim - 628 Is monetary policy less effective when interest rates are persistently low?
by Claudio Borio & Boris Hofmann - 627 External debt composition and domestic credit cycles
by Stefan Avdjiev & Stephan Binder & Ricardo Sousa - 626 Monetary policy's rising FX impact in the era of ultra-low rates
by Massimo Ferrari & Jonathan Kearns & Andreas Schrimpf - 625 Scarcity effects of QE: A transaction-level analysis in the Bund market
by Kathi Schlepper & Heiko Hofer & Ryan Riordan & Andreas Schrimpf - 624 Does exchange rate depreciation have contractionary effects on firm-level investment?
by José María Serena & Ricardo Sousa - 623 International inflation spillovers through input linkages
by Raphael Auer & Andrei A Levchenko & Philip Sauré - 622 External financing and economic activity in the euro area - why are bank loans special?
by Iñaki Aldasoro & Robert Unger - 621 The dynamics of investment projects: evidence from Peru
by Rocío Gondo & Marco Vega - 620 Commodity price risk management and fiscal policy in a sovereign default model
by Bernabe Lopez-Martin & Julio Leal & Andre Martinez Fritscher - 619 Volatility risk premia and future commodities returns
by José Renato Haas Ornelas & Roberto Baltieri Mauad - 618 Business cycles in an oil economy
by Drago Bergholt & Vegard H Larsen & Martin Seneca - 617 Oil, equities, and the zero lower bound
by Deepa Datta & Benjamin K Johannsen & Hannah Kwon & Robert J Vigfusson - 616 Macro policy responses to natural resource windfalls and the crash in commodity prices
by Frederick van der Ploeg - 615 Currency wars or efficient spillovers?
by Anton Korinek - 614 Changing business models in international bank funding
by Leonardo Gambacorta & Adrian Van Rixtel & Stefano Schiaffi - 613 Risk sharing and real exchange rates: the role of non-tradable sector and trend shocks
by Hüseyin Çağrı Akkoyun & Yavuz Arslan & Mustafa Kılınç - 612 Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?
by Claudio Borio & Leonardo Gambacorta - 611 The effects of tax on bank liability structure
by Leonardo Gambacorta & Giacomo Ricotti & Suresh Sundaresan & Zhenyu Wang - 610 Global impact of US and euro area unconventional monetary policies: a comparison
by Qianying Chen & Marco Lombardi & Alex Ross & Feng Zhu - 609 Revisiting the commodity curse: a financial perspective
by Enrique Alberola-Ila & Gianluca Benigno - 608 Redemption risk and cash hoarding by asset managers
by Stephen Morris & Ilhyock Shim & Hyun Song Shin - 607 The real effects of household debt in the short and long run
by Marco Jacopo Lombardi & Madhusudan Mohanty & Ilhyock Shim - 606 Market volatility, monetary policy and the term premium
by Sushanta K Mallick & Madhusudan Mohanty & Fabrizio Zampolli - 605 Wage and price setting: new evidence from Uruguayan firms
by Fernando Borraz & Gerardo Licandro & Daniela Sola - 604 Endogenous wage indexation and aggregate shocks
by Julio A. Carrillo & Gert Peersman & Joris Wauters - 603 Multiplex interbank networks and systemic importance - An application to European data
by Iñaki Aldasoro & Ivan Alves - 602 The globalisation of inflation: the growing importance of global value chains
by Raphael Auer & Claudio Borio & Andrew Filardo - 601 Asymmetric information and the securitization of SME loans
by Ugo Albertazzi & Margherita Bottero & Leonardo Gambacorta & Steven Ongena
2016
- 600 The currency dimension of the bank lending channel in international monetary transmission
by Elod Takats & Judit Temesvary - 599 Banking industry dynamics and size-dependent capital regulation
by Tirupam Goel - 598 Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?
by Mark A Carlson & David C Wheelock - 597 Bank networks: contagion, systemic risk and prudential policy
by Iñaki Aldasoro & Domenico Delli Gatti & Ester Faia - 596 Macroeconomics of bank capital and liquidity regulations
by Frederic Boissay & Fabrice Collard - 595 Bank lending and loan quality: the case of India
by Pallavi Chavan & Leonardo Gambacorta - 594 A quantitative case for leaning against the wind
by Andrew Filardo & Phurichai Rungcharoenkitkul - 593 The countercyclical capital buffer and the composition of bank lending
by Raphael Auer & Steven Ongena - 592 The dollar, bank leverage and the deviation from covered interest parity
by Stefan Avdjiev & Wenxin Du & Catherine Koch & Hyun Song Shin - 591 Adding it all up: the macroeconomic impact of Basel II and outstanding reform issues
by Ingo Fender & Ulf Lewrick - 590 The failure of covered interest parity: FX hedging demand and costly balance sheets
by Vladyslav Sushko & Claudio Borio & Robert Neil McCauley & Patrick McGuire - 589 International prudential policy spillovers: a global perspective
by Stefan Avdjiev & Catherine Koch & Patrick McGuire & Goetz von Peter - 588 Macroprudential policies, the long-term interest rate and the exchange rate
by Philip Turner - 587 Globalisation and financial stability risks: is the residency-based approach of the national accounts old-fashioned?
by Bruno Tissot - 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