Central bank secondments to the BIS Asian Office
Since the start of the programme in June 2013, the BIS Representative Office for Asia and the Pacific has welcomed seven secondees from member central banks. Their names, home institutions, dates of secondment and research projects are the following:
- Nuttathum Chutasripanich, Bank of Thailand, 15 July 2013 to 31 December 2013: Comparing the effectiveness of different foreign exchange intervention strategies against a range of different policy objectives;
- Qi Zhe, People's Bank of China, 20 January 2014 to 30 June 2014: Infrastructure investment and growth, developments in infrastructure finance, and ways to attract financing from the private sector;
- Racquel Claveria, Bangko Sentral ng Pilipinas, 15 October 2014 to 15 June 2015: (Is there a dilemma with the trilemma? The Philippine case);
- Veronica Bayangos, Bangko Sentral ng Pilipinas, 11 January 2016 to 8 April 2016: (The Effectiveness of Cyclical Capital Flow Measures and Domestic Macro Prudential Policy: Whither Asian Emerging Economies);
- Snehal Herwadkar, Reserve Bank of India, 16 February 2016 to 15 May 2016: (Corporate Leverage in EMEs);
- Jakree Koosakul, Bank of Thailand, 1 April 2016 to 30 September 2016: (The beneficial aspect of FX volatility for market liquidity, joint work with Ilhyock Shim); and
- Benjamin Wong, Reserve Bank of New Zealand, 1 February 2017 to 28 April 2017: ("How much do foreign shocks drive inflation? Evidence from Asia-Pacific countries", joint work with Gunes Kamber)
The purpose of the programme in Hong Kong is to foster closer working relationships with shareholding central banks. The programme is part of the general secondment programme that is also offered to member central banks to work at the head office in Basel. Eligible candidates should be experts from shareholding central banks with an interest in an area of interest also to the BIS. The secondee may be asked to write a report or contribute to the monitoring of financial markets.
The programme is flexible in terms of the duration of stay in Hong Kong, which can be from several weeks to 12 months. We will also consider arrangements in which the secondee continues to work in his or her home institution but occasionally visits the BIS Asian Office for a few days at a time as demanded by the project.
If the secondee stays in Hong Kong, the expectation is that the employee will continue to receive a salary from the home institution, but in addition the BIS will provide a monthly allowance. The BIS will also provide the secondee with housing accommodation; reimbursement for economy airfare between the home country and Hong Kong; health and accident insurance.