Robert N McCauley

Robert N McCauley

Senior Adviser
Monetary and Economic Department

In 2005-2008 he served as Chief Representative for Asia and the Pacific of the BIS after joining the BIS Asian Office in 1998. Before joining the BIS, he worked for 13 years for the Federal Reserve Bank of New York serving at times as chief economist for the interagency committee of bank supervisors that rates country risk. There he wrote on international comparisons of the cost of capital, foreign bank lending to US corporations and the unprofitability of foreign direct investment in the US. In 1988, he worked for the Joint Economic Committee of the US Congress. In 1992 he taught international finance and the multinational firm at the University of Chicago's Graduate School of Business. He serves on the Council of Management of SUERF, the European Money and Finance Forum.


Fields of interest

  • International finance
  • Financial markets

Selected Publications

BIS Research papers

Date Research papers
Mar 2014

Reforming the international monetary system in the 1970s and 2000s: would an SDR substitution account have worked?

Working Papers No 444

Other authors: Catherine R Schenk

Mar 2014

Non-deliverable forwards: 2013 and beyond

BIS Quarterly Review March 2014

Other authors: Chang Shu and Guonan Ma

Mar 2014

Non-US banks' claims on the Federal Reserve

BIS Quarterly Review March 2014

Other authors: Patrick McGuire

Oct 2013

Transmitting global liquidity to East Asia: policy rates, bond yields, currencies and dollar credit

Working Papers No 431

Other authors: Dong He

Sep 2013

Global and euro imbalances: China and Germany

Working Papers No 424

Other authors: Guonan Ma

May 2013

The 2011 FDIC assessment on banks managed liabilities: interest rate and balance-sheet responses

Working Papers No 413

Other authors: Lawrence L Kreicher and Patrick McGuire

Apr 2013

Is China or India more financially open?

Working Papers No 410

Other authors: Guonan Ma

Dec 2012

Interpreting TARGET2 balances

Working Papers No 393

Other authors: Stephen G Cecchetti and Patrick McGuire

Oct 2012

Currency intervention and the global portfolio balance effect: Japanese lessons

Working Papers No 389

Other authors: Petra Gerlach-Kristen and Kazuo Ueda

Jul 2012

Risk-on/risk-off, capital flows, leverage and safe assets

Working Papers No 382