Patrick McGuire

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

  • International finance
  • Financial stability and macro-prudential issues
  • Financial and banking statistics

Selected Publications

  • "The US dollar shortage in global banking and the international policy response", with Goetz von Peter, International Finance, June 2012.
  • "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.
  • "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.
  • "Bank structure, funding risk and transmission of shocks across countries: concepts and measurement", BIS Quarterly Review, September 2010.
  • "Bank ties and firm performance in Japan: Some evidence since fiscal 2002", Monetary and Economic Studies, Vol 27, November 2009.

BIS Research papers

Date Research papers
Dec 2012

Interpreting TARGET2 balances

Working Papers No 393

Other authors: Stephen G Cecchetti and Robert N McCauley

Sep 2012

The Social Value of Policy Signals

Working Papers No 386

Other authors: Stefan Avdjiev and Nikola Tarashev

Apr 2012

Rapid credit growth and international credit: Challenges for Asia

Working Papers No 377

Other authors: Stefan Avdjiev and Robert N McCauley

Apr 2012

Systemic risk in global banking: what can available data tell us and what more data are needed?

Working Papers No 376

Other authors: Eugenio Cerutti and Stijn Claessens

Dec 2011

Assessing global liquidity

BIS Quarterly Review December 2011

Other authors: Dietrich Domanski and Ingo Fender

Sep 2011

Global credit and domestic credit booms

BIS Quarterly Review September 2011

Other authors: Claudio Borio and Robert N McCauley

Sep 2010

Bank structure, funding risk and the transmission of shocks across countries: concepts and measurement

BIS Quarterly Review September 2010

Other authors: Ingo Fender

Jun 2010

European banks' US dollar funding pressures

BIS Quarterly Review June 2010

Other authors: Ingo Fender

May 2010

Toward a global risk map

Working Papers No 309

Other authors: Stephen G Cecchetti and Ingo Fender

Mar 2010

The architecture of global banking: from international to multinational?

BIS Quarterly Review March 2010

Other authors: Robert N McCauley and Goetz von Peter