29 June 2014

Time to step out of the shadow of the crisis, says BIS in 84th Annual Report

What's new

21 Aug

The transmission of unconventional monetary policy to the emerging markets (BIS Paper)

Highly accommodative monetary policies in the major advanced economies and the questions about the exit from such policies have created major challenges for policymakers in emerging market economies (EMEs). Quite a few of EMEs that experienced rapid capital inflows and ...

29 Jul

The FRBNY Staff Underlying Inflation Gauge: UIG (Working Paper)

Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real-time, ...

04 Jun

Credit growth, monetary policy, and economic activity in a three-regime TVAR model  (Working Paper)

We employ a threshold vector autoregression (TVAR) methodology in order to examine the nonlinear nature of the interactions among credit market conditions, ...

04 Jun

Globalisation, pass-through and the optimal policy response to exchange rates   (Working Paper)

In this paper we examine how monetary policy should respond to nominal exchange rates in a New Keynesian open economy model that allows for a non-trivial ...

04 Jun

Measuring economic slack: A forecast-based approach with applications to economies in Asia and the Pacific   (Working Paper)

The presence of "economic slack" directly implies that an economy can grow quickly without any necessary offsetting slow growth or retrenchment in the ...

04 Jun

A shadow policy rate to calibrate US monetary policy at the zero lower bound   (Working Paper)

The recent global financial crisis, the Great Recession and the subsequent implementation of a variety of unconventional policy measures have raised the ...

Central bankers' speeches
22 Aug
21 Aug
18 Aug
BIS Management speeches
13 Aug

by Claudio Borio: Macroprudential frameworks: (too) great expectations?

Macroprudential frameworks are a welcome response to the Great Financial Crisis. As long argued by the BIS, a stronger systemic orientation is essential if financial stability is to be assured...

29 Jun

by Jaime Caruana: General Manager's speech: Stepping out of the shadow of the crisis: three transitions for the world economy

This year's Annual Report offers our views on current challenges and aims to examine policies that might help us step out of the long shadow of the crisis. Our approach...

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06 Jun

by Jaime Caruana: Redesigning the central bank for financial stability responsibilities

Central banks are being redesigned to better deal with their financial stability responsibilities - in just five years, over 60 central banks' laws have been changed...

04 Jun

by Jaime Caruana: Financial regulation, complexity and innovation

A lot has been achieved since the financial crisis in the area of banking regulation and supervision. Further important initiatives are under way, and the focus has rightly shifted to implementation...