Patrick McGuire
Senior Economist
Monetary and Economics Department, Financial Institutions
Patrick McGuire is a senior economist in the Financial Institutions section. Prior to joining the BIS in 2002, Patrick completed his Ph.D. in economics at the University of Michigan with a dissertation on the Japanese financial system. He studied for several years in Japan, first as a high school and university student and later as a visiting scholar at METI and the Bank of Japan. His current research is focused on international financial markets and financial stability issues, with a specific interest in international banking, emerging market financing and hedge funds. He has been a regular contributor to the BIS Quarterly Review.
Fields of interest
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International finance
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Financial stability and macro-prudential issues
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Financial and banking statistics
Selected Publications
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"The US dollar shortage in global banking and the international policy response", with Goetz von Peter, International Finance, June 2012.
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"After the global financial crisis: From international to multinational banking?", with Robert McCauley and Goetz von Peter, Journal of Economics and Business, Vol 64, issue 1, p. 7-23, 2012.
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"Rapid credit growth and international credit: challenges to Asia", with S Avdjiev and R McCauley, Chapter VI in Exchange Rate Appreciation, Capital Flows and Excess Liquidity: Adjustment and Effectiveness of Policy Responses, Eds. V Pontines and R Siregar, The SEACEN Centre, June 2012.
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"Bank structure, funding risk and transmission of shocks across countries: concepts and measurement", BIS Quarterly Review, September 2010.
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"Bank ties and firm performance in Japan: Some evidence since fiscal 2002", Monetary and Economic Studies, Vol 27, November 2009.