Patrick

Patrick McGuire

Head of the International Data Hub
Monetary and Economics Department, International Data Hub

Patrick's 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. Patrick has previously worked in the Financial Institutions and Financial Markets sections in MED, and has been a regular contributor to the BIS Quarterly Review. Prior to joining the BIS in 2002, he completed his PhD in economics at the University of Michigan with a dissertation on the Japanese financial system.

Fields of interest

  • Financial institutions and microprudential issues including banking supervision
  • Financial stability and macroprudential issues
  • International capital flows

Date BIS research papers
Jun 2010

European banks' US dollar funding pressures

BIS Quarterly Review June 2010

Other authors: Ingo Fender

May 2010

Toward a global risk map

BIS 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 Neil McCauley and Goetz von Peter

Dec 2009

Dollar appreciation in 2008: safe haven, carry trades, dollar shortage and overhedging

BIS Quarterly Review December 2009

Other authors: Robert Neil McCauley

Oct 2009

The US dollar shortage in global banking and the international policy response

BIS Working Papers No 291

Other authors: Goetz von Peter

Mar 2009

Bank ties and firm performance in Japan: some evidence since FY2002

BIS Working Papers No 272

Mar 2009

The US dollar shortage in global banking

BIS Quarterly Review March 2009

Other authors: Goetz von Peter

Dec 2008

Bank health and lending to emerging markets

BIS Quarterly Review December 2008

Other authors: Nikola Tarashev

Sep 2008

Estimating hedge fund leverage

BIS Working Papers No 260

Other authors: Kostas Tsatsaronis

Jun 2008

International banking activity amidst the turmoil

BIS Quarterly Review June 2008

Other authors: Goetz von Peter

  • " International prudential policy spillovers: a global perspective" (with S Avdjiev, C Koch and G von Peter), International Journal of Central Banking, vol 13(S1), 2017, pp 5-33. Also published as BIS Working Papers no 589.
  • "Patterns in international banking and their implications for prudential policies" (with I Fender), in A Demirgüç-Kunt, D Evanoff and G Kaufman (eds), The future of large internationally active banks, World Scientific Studies in International Economics, vol 55, September 2016, pp 187-212.
  • " Bye-bye covered interest parity" (with C Borio, R McCauley, and V Sushko), VoxEU, September 2016.
  • " US monetary policy, leverage and offshore dollar credit" (with R McCauley and V Sushko), Economic Policy, vol 30, no 82, April 2015, pp 187-229. Also published [abridged Chinese version] in Chinamoney, November 2015, pp 58-62, and as BIS Working Papers no 483.
  • "Rapid credit growth and international credit: challenges in Asia" (with S Avdjiev and R McCauley), in V Pontines and R Siregar (eds), Exchange rate appreciation, capital flows and excess liquidity: adjustment and effectiveness of policy responses, The SEACEN Centre, Chapter VI, August 2012. Also published as BIS Working Papers no 377.
  • "After the global financial crisis: From international to multinational banking?" (with R McCauley and G von Peter), Journal of Economics and Business, vol 64, no 1, pp 7-23, 2012. Based on "The architecture of global banking: from international to multinational?", BIS Quarterly Review, March 2010.
  • " Global liquidity and credit booms" (with R McCauley and C Borio), in B Winkler, A van Riet and P Bull (eds), A flow-of-funds perspective on the financial crisis, 2014, pp 94-124. Based on "Global credit and domestic credit booms", BIS Quarterly Review, September 2011.
  • "Systemic risks in global banking: what available data can tell us and what more data are needed?" (with E Cerutti and S Claessens), in M Brunnermeier and A Krishnamurthy (eds), Risk topography: systemic risk and macro modeling, 2014. Also published as BIS Working Papers no 376.
  • "Bank ties and firm performance in Japan: Some evidence since fiscal 2002", Monetary and Economic Studies, vol 27, November 2009. Also published as BIS Working Papers no 272.
  • "The US dollar shortage in global banking and the international policy response" (with G von Peter), International Finance, June 2012. Also published as BIS Working Papers no 291 and as "The US dollar shortage in global banking", BIS Quarterly Review, March 2009.
  • "Toward a global risk map" (with S Cecchetti and I Fender), Central bank statistics - what did the financial crisis change?, Fifth ECB Conference on Statistics, European Central Bank, 2011. Also published as BIS Working Papers no 309.
  • " The 2011 FDIC assessment on banks managed liabilities: interest rate and balance-sheet responses" (with L Kreicher and R McCauley), in R de Mooij and G Nicodeme (eds), Taxation of the financial sector, 2014. Also published as BIS Working Papers no 413.
  • "Bank ties and bond market access: evidence on investment-cash flow sensitivity in Japan", Corporate governance: implications for financial services firms, proceedings of the 39th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, May 2003. Also published as BIS Working Papers no 151.
  • "Common factors in euro-denominated emerging market bond spreads" (with Martijn Schrijvers), in J Batten and C Kearney (eds), International finance review, volume 6: emerging European financial markets, independence and integration post-enlargement, 2006.