Published research from the BIS Representative Office for Asia and the Pacific

forthcoming

What drives the current account in commodity exporting countries? The cases of Chile and New Zealand

by Juan Pablo Medina, Anella Munro and Claudio Soto
BIS Working Papers, forthcoming

forthcoming

Fiscal-monetary interaction in Indonesia

by Danny Hermawan and Anella Munro
forthcoming

forthcoming

Liquidity in an emerging bond market: the case of corporate bonds in Malaysia

by Eric Chan, Mohd Fairuz Hj Ahmad and Philip Wooldridge
BIS Working Papers, forthcoming

forthcoming

Why Banks Go to Emerging Countries and What is the Impact for the Home Economy? 

by Alicia García-Herrero and Daniel Navia Simón
Journal of Financial Decision Making, forthcoming

forthcoming

The Asian crisis: what did local stock markets expect?

by Alicia García-Herrero, Jacob Gyntelberg and Andrea Tesei

forthcoming

How should central banks be designed to achieve financial stability

by Alicia García-Herrero
in Fondo Latinamericano de Reservas (FLAR) Revista 3/2007

forthcoming

Hong Kong and Shanghai: Yesterday, Today and Tomorrow 

by Robert McCauley, and Eric Chan in Takatoshi Ito and Andrew Rose
eds., Financial Sector Development in the Pacific Rim, East Asia Seminar on Economics Volume 18 (Chicago: University of Chicago Press), forthcoming

Jan 2008

Managing expectations by words and deeds: monetary policy in Asia and the Pacific

by Alicia García-Herrero and Eli M Remolona
BSP-BIS High-Level Conference on Transparency and Communication in Monetary Policy, 1 February, Manila

Jan 2008

The Efficacy of China's Capital Controls – Evidence from Price and Flow Data 

by Robert McCauley and Guonan Ma
Pacific Economic Review, Vol 13, no 1, pp 104-23.

Jan 2008

Frequency of Observation and the Estimation of Integrated Volatility in Deep and Liquid Financial Markets 

by Alain Chaboud, Benjamin Chiquoine, Erik Hjalmarsson and Mico Loretan
International Finance Discussion Paper

Jan 2008

Housing finance agencies in Asia

by Michael Davies, Jacob Gyntelberg and Eric Chan
BIS Working Papers no 241, January 2008

 

Dec 2007

Risk in carry trades: a look at target currencies in Asia and the Pacific 

by Jacob Gyntelberg and Eli M Remolona
BIS Quarterly Review December 2007, pp 73-82

Dec 2007

International diversification gains and home bias in banking 

by Alicia García-Herrero and Francisco Vazquez
IMF Working Papers WP/07/281

Dec 2007

Distress selling and asset market feedback

by Ilhyock Shim and Goetz von Peter
Financial Markets, Institutions & Instruments, Vol 16, Issue 5, pp 243-91. Also available as BIS Working Papers no 229

Dec 2007

What can (macro-)prudential policy do to support monetary policy? 

by Claudio Borio and Ilhyock Shim
BIS Working Papers no 242.

Nov 2007

Building an Integrated Capital Market in East Asia 

by Robert McCauley
ADB Institute Discussion Paper No 83

Nov 2007

Developing Asia Pacific non-government fixed income markets 

by Jacob Gyntelberg
in State Bank of Pakistan's Research Bulletin

Sep 2007

To Dollarize or to De-dollarize: Consequences for Monetary Policy 

by Patricia Alvarez-Plata and Alicia García-Herrero
ADB Volume on Monetary and Exchange Rate policies in ASEAN Small Open Economies, forthcoming

Sep 2007

Global and regional financial integration: progress in emerging countries 

by Alicia García-Herrero and Philip Wooldridge
BIS Quarterly Review, September 2007, p 57

Aug 2007

Do China's capital controls still bind? Implications for monetary autonomy and capital liberalisation 

by Guonan Ma and Robert McCauley
BIS Working Papers no 233

Jul 2007

How effective are China's capital controls? 

by Guonan Ma and Robert McCauley, in Ross Garnaut and Ligang Song
eds, China: Linking markets for growth (Canberra: Australian National University E Press, Asia Pacific Press and Social Sciences Academic Press (China), 2007), pp 267-289

Jul 2007

Finance for growth: does a balanced financial structure matter? 

by Lucia Cuadro-Saez and Alicia García-Herrero
Kiel Advanced Studies Working Papers no 445

Jul 2007

Do trade and financial links foster business cycle synchronization in a small economy? 

by Alicia García-Herrero and Juan M. Ruiz
Business Fluctuations and Cycles by Nova Publishers

2007

The mix of international banks' foreign claims: determinants and implications 

by Alicia García-Herrero and Maria Soledad MartinezPeria
Journal of Banking and Finance, Vol 31 issue 6, pp 1613-31

2007

Assessing the Benefits and Costs of Official Foreign Exchange Reserves 

by Robert McCauley
in Age Bakker and Ingmar van Herpt, eds., Central bank reserve management: New trends, from liquidity to return, (Cheltenham: Edward Elgar, 2007), pp 19-36

Jun 2007

Assessing the benefits and costs of official foreign exchange reserves 

by Robert N McCauley
in Central bank reserve management: New trends, from liquidity to return, edited by Age Bakker and Ingmar van Herpt

Jun 2007

Information flows during the Asian crisis: evidence from closed-end funds 

by Ben Cohen and Eli M Remolona
Journal of International Money and Finance, forthcoming

Jun 2007

The Laffer curve of macroeconomic volatility and growth: Can it be explained by the different nature of crises? 

by Alicia García-Herrero and Josep Vilarrubia
Money Affairs, Vol XX, Number 1, January-June 2007

Jun 2007

Recent episodes of credit card distress in Asia 

by Tae Soo Kang and Guonan Ma
BIS Quarterly Review, pp 55-68

Mar 2007

The evolving instrument composition of official holdings of US dollars 

by Robert McCauley
BIS Quarterly Review December 2007, pp 27-28

Mar 2007

Exchange rates and global volatility: implications for Asia-Pacific currencies 

by Robert McCauey, John Cairns and Corrinne Ho
BIS Quarterly Review March 2007, pp 41-52
To be anthologised in Exchange Rate Volatility: Mechanism and Implications (Hyderabad: ICFAI [Institute of Chartered Financial Analysts of India] University Press, forthcoming in 2008)

Mar 2007

Exchange rates and global volatility: implications for Aisa-Pacific currencies

by John Cairns, Corrinne Ho and Robert N McCauley
BIS Quarterly Review March 2007, pp 41-52

Mar 2007

Interpreting sovereign spreads 

by Eli M Remolona, Michela Scatigna and Eliza Wu
BIS Quarterly Review

Mar 2007

Emerging Countries' Sovereign Risk: Balance Sheets, Contagion and Risk Aversion 

by Alicia García-Herrero
in Fondo Latinamericano de Reservas (FLAR) Revista 3/2007

Mar 2007

Can the Chinese trade surplus be reduced through exchange rate policy? 

by Alicia García-Herrero and Tuuli Koivu
BOFIT Discussion Papers, 6/2007.

Mar 2007

Emerging countries' sovereign risk: balance sheets, contagion and risk aversion 

by Alicia García-Herrero
FLAR Revista, vol 3

Feb 2007

Who pays China's bank restructuring bill 

by Guonan Ma
Asian Economic Papers, Winter 2007, 6(1), pp 46-71

Jan 2007

The mix of international banks' foreign claims: Determinants and implications 

by Alicia Garcia Herrero and Maria Soledad Martinez Peria
forthcoming in the Journal of Banking and Finance

Jan 2007

Do Asian investors rebalance their portfolios and what are the consequences? 

by Alicia Garcia Herrero and Akiko Terada-Hagiwara
Journal of Asian Economies, 18 (2007), pp 195-216

Dec 2006

Internationalising a currency: the case of the Australian dollar 

by Robert N McCauley
BIS Quarterly Review

Dec 2006

Understanding monetary policy in Malaysia and Thailand: objectives, instruments and independence 

by Robert N McCauley
BIS Papers no 31

Dec 2006

Leveraged loans and Asian financial integration: the case of casino financing 

by Robert McCauley and Blaise Gadanecz
box within BIS Quarterly Review, December 2006, p 21

Dec 2006

The structure of housing finance markets and house prices in Asia 

by Haibin Zhu
BIS Quarterly Review

Dec 2006

The pricing of sovereign risk in emerging markets: fundamentals and risk aversion 

by Eli M Remolona, Michela Scatigna and Eliza Wu
paper presented at the Bangko Sentral ng Pilipinas, Manila (November), and the Bank of Thailand, Bangkok (December)

Dec 2006

Corporate credit guarantees in Asia 

by Illhyock Shim
BIS Quarterly Review

Nov 2006

Learning by doing in market reform: lessons from a regional bond fund 

by Eli M Remolona and Guonan Ma
in HWWI (Hamburgisches WeltWirtschafts Institute) Research Papers no 2-6: International Trade and Development

Nov 2006

Developing the bond market(s) of East Asia: global, regional or domestic? 

by Robert N McCauley and Yung-Chul Park
BIS Papers no 30

Nov 2006

Consolidating the public debt markets of Asia 

by Robert N McCauley
BIS Papers no 30

Oct 2006

The euro as a reserve currency: a challenge to the pre-eminence of the US dollar? 

by Gabriele Galati and Philip Wooldridge
BIS Working Papers no 218

Oct 2006

Do Asian investors rebalance their portfolios and what are the consequences? 

by Alicia García-Herrero and Akiko Terada-Hagiwara
Journal of Asian Economies, 18 (2007), pp 195-216

Sep 2006

Core versus headline inflation targeting in Thailand 

by Robert N McCauley
in Bank of Thailand International Symposium: Challenges to inflation targeting in emerging countries, Bank of Thailand, pp 174-228

Sep 2006

Structured finance in Asia and the Pacific: liquidity versus credit risk 

by Eli M Remolona and Jacob Gyntelberg
in Banking Today

Sep 2006

Forward currency markets in Asia: lessons from the Australian experience 

by Jacob Gyntelberg, Guy Debelle, Michael Plumb
BIS Quarterly Review

Sep 2006

Cross-border banking in Asia: Basel II and other prudential issues 

by Stefan Hohl, Patrick McGuire and Eli M Remolona
in Cross-Border Baking: Regulatory Challenges, edited by Gerard Caprio, Jr, Douglas Evanoff and George Kaufman

Oct 2006

Learning by doing in market reform: lessons from a regional bond fund

by Guonan Ma and Eli M. Remolona
in HWWI (Hamburgisches WeltWirtschafts Institut) Research Papers: International Trade and Development , November 2006.

Oct 2006

Estimation of Asian effective exchange rates: a technical note

by San Sau Fung, Marc Klau, Guonan Ma and Robert N. McCauley
BIS Working Papers No 217

Sep 2006

China's Banking Reform: An Assessment of its Evolution and Possible Impact 

by Alicia García-Herrero, Sergio Gavilá and Daniel Santabárbara
The paper has been published in CESifo Economic Studies, Vol 52, Number 2, June 2006.

Aug 2006

Who foots China's bank restructuring bill 

by Guonan Ma
in The Turning Point in China's Economic Development  edited by Ross Garnaut and Ligang Song, the Australian National University Press, Canberra, August 2006.

Jun 2006

Securitisation in Asia and the Pacific: implications for liquidity and credit risks

BIS Quarterly Review, June 2006 (pp. 65-75)
by Jacob Gyntelberg and Eli M Remolona

May 2006

Sharing China's bank restructuring bill 

by Guonan Ma
in China and World Economy, Vol 14, No 3 (pp. 19-37)

Mar 2006

Cross-border banking in Asia: Basel 2 and other prudential issues 

by Stefan Hohl, Patrick McGuire and Eli Remolona

Mar 2006

Basket weaving: the euromarket experience with basket currency bonds

BIS Quarterly Review, March 2006 (pp. 79-92)
by Clifford R Dammers and Robert N McCauley
Presented at The euro: Lessons for European and Asian financial markets , organised by the European Commission - Directorate General for Economic and Financial Affairs, Hong Kong, 24 February 2006

Feb 2006

Myth and reality of discriminatory power for rating systems 

by Stefan Blochwitz, Alfred Hamerle, Stefan Hohl, Robert Rauhmeier and Daniel Rösch in Wilmott Magazine , January 2005, pp. 2-6

Feb 2006

Who pays China's bank restructuring bill? 

by Guonan Ma
CEPII Working Paper, No. 2006-04

Feb 2006

Developing corporate bond markets in Asia

BIS Papers no 26, February 2006

Feb 2006

Developing corporate bond markets in Asia: a synopsis of the Kunming discussions 

by Guonan Ma, Eli Remolona and He Jianxiong
BIS Papers no 26, February 2006 (pp. 1-6)

 

Dec 2005

Corporate bond markets in Asia

BIS Quarterly Review, December 2005 (pp. 83-93)
by Jacob Gyntelberg, Guonan Ma and Eli M Remolona

Nov 2005

Understanding monetary policy in Malaysia and Thailand: Objectives, instruments and independence

by Robert N McCauley
at the HKIMR and BIS Conference on Monetary Policy Approaches and Implementation in Asia , 21-22 November 2005

Sep 2005

Official Reserves and Currency Management in Asia: Myth, Reality and the Future 

by Hans Genberg, Robert McCauley, Yung Chul Park and Avinash Persaud
7th Geneva Reports on the World Economy, ICMB and CEPR, September 2005

Sep 2005

Managing the renminbi regime shift 

BIS Quarterly Review, September 2005 (pp.7-8)
by Guonan Ma, Corrinne Ho, Robert McCauley and Eli Remolona

Sep 2005

Distinguishing global dollar reserves from official holdings in the United States

BIS Quarterly Review, September 2005 (pp.57-72)
by Robert McCauley

Jul 2005

Reconsidering ratings 

by Stefan Blochwitz, Stefan Hohl and Carsten S. Wehn
in Wilmott Magazine , May 2005

Jun 2005

Opening markets through a regional bond fund: lessons from ABF2

BIS Quarterly Review, June 2005 (pp. 81-92)
by Guonan Ma and Eli M Remolona

Mar 2005

Trading Asian currencies

BIS Quarterly Review, March 2005 (pp. 49-58)
by Corrinne Ho, Guonan Ma and Robert N McCauley

Mar 2005

Resisting exchange rate appreciation and accumulating reserves: what are the consequences for the domestic financial system?

by Corrinne Ho and Robert N. McCauley
Paper presented to the Korea Institute of Finance seminar, 6 January 2005.

Jan 2005

The Future of Banking in East Asia 

John Hobson and Robert N. McCauley
for the project "Verso un systema bancario e finanziario europeo?" Now published in Marcello de Cecco and Giangiacomo Nardozzi, eds., Banche e finanza nel futuro: Europa, Stati Uniti, Asia (Rome: Bancaria Editrice, 2006), pp 95-138.

Dec 2004

Financial Interdependence and Exchange Rate Regimes in East Asia  - Effectiveness of China's capital controls: some empirical evidence

by Guonan Ma and Robert N McCauley
in Mashahiro Kawai (ed), Conference Proceedings, Policy Research Institute, Ministry of Finance, Japan.

Dec 2004

Maitrîser la croissance en Chine dans un contexte de mobilité internationale des capitaux" ["Reining in China's growth in a world of increased capital flows"]

by Guonan Ma and Robert N. McCauley
Revue d'économie financière, no 77, special issue, Le devenir financier de la Chine [ The financial future of China ], Patrick Artus and Françoise Lemaine eds. (2004), pp. 763-785.

Nov 2004

Comments on on Ito's "Inflation Targeting and Japan" 

by Robert N. McCauley
in Christopher Kent and Simon Guttman, eds., The Future of Inflation Targeting (Sydney: Reserve Bank of Australia, 2004), pp. 268-271.

Sep 2004

Diversifying with Asian local currency bonds

BIS Quarterly Review, September 2004 (pp. 51-66)
by Robert N. McCauley and Guorong Jiang

Aug 2004

Living with flexible exchange rates

by Corrinne Ho and Robert N. McCauley
abridged version of BIS Working Papers No. 130 in Chinese in International Finance , vol 49, pp. 63-94

Jun 2004

The Markets for non-deliverable forwards in Asian currencies

by Guonan Ma, Corrinne Ho and Robert N. McCauley
Summary Chinese translation  in China Money [administered by the People's Bank of China], No 38, December 2004, pp. 4-8

Jun 2004

Asian local currency bond markets

BIS Quarterly Review, June 2004 (pp. 67-79)
by Guorong Jiang and Robert N. McCauley

Jun 2004

Crossborder holdings of Asian bonds: banks and all investors 

BIS Quarterly Review, June 2004 (pp. 23-25)
by Robert N. McCauley and Patrick McGuire

Jun 2004

Reining in growth in China 

by Guonan Ma and Robert N. McCauley
Paper presented to the Euro 50 2004 Roundtable, "Asia in the international monetary system", Beijing, 24-25 June 2004.

May 2004

Validating default probabilities on short time series 

by Stefan Blochwitz, Stefan Hohl, Dirk Tasche and Carsten S Wehn
Working paper published on GloriaMundi , 7 May 2004

Mar 2004

Treasury yields and foreign official holdings of US bonds 

BIS Quarterly Review, March 2004 (pp. 11-12)
by Robert N. McCauley and Guorong Jiang

Feb 2004

Building Korea's bond market to serve the region

by Robert N. McCauley
in A New Vision and Strategy under Changing Leadership in Northeast Asia (Seoul: Ministry of Finance and Economy/Korea Development Institute), pp. 70-74.

Feb 2004

Public asset management companies in East Asia 

FSI Occasional Paper No 3
by Ben Fung, Jason George, Stefan Hohl and Guonan Ma

Jan 2004

China's FX market: An international perspective

by Guonan Ma
Summary Chinese translation  in China Money, No 24 [administered by the People's Bank of China]

 

Dec 2003

Korean and Chinese Finances: Comments on Stallings 

by Robert N. McCauley
in Jan Joost Teunissen, China's Role in Asia and the World Economy (Forum on Debt and Development , 2003), pp. 263-272.

Nov 2003

Discussion of Barry Eichengreen and Hui Tong's Stock Market Volatility and Monetary Policy: What the Historical Record Shows 

by Robert N. McCauley
in Anthony Richards and Tim Robinson, eds., Asset Prices and Monetary Policy (Sydney: Reserve Bank of Australia, 2003), pp. 143-147.

Jul 2003

Central bank cooperation in East Asia 

by Robert N. McCauley
Paper presented to the Pacific Economic Cooperation Council Finance Forum conference, Hua Hin, Thailand, 8-9 July 2003.

Jun 2003

Capital Flows in East Asia since the 1997 Crisis 

Quarterly Review, June 2003 (pp. 45-59)
by Robert N. McCauley
Also Appendix 2 in Florian Schmidt, Asia's Credit Markets: from High-Yield to High Grade (Wiley: 2004 )

Apr 2003

China's capital account liberalisation: international perspective

BIS Papers no 15, April 2003
Translation in Chinese published by the SAFE through the Economic Management Publishing House in Beijing, June 2003

Apr 2003

Introduction to "China's capital account liberalisation: international perspective" 

BIS Papers no 15, April 2003 (pp. 1-6)
by Guonan Ma and Robert McCauley

Apr 2003

Opening China's capital account amid ample dollar liquidity 

BIS Papers no 15, April 2003 (pp. 25-34)
by Guonan Ma and Robert McCauley

Apr 2003

Liberalising the capital account without losing balance: lessons from Korea 

BIS Papers no 15, April 2003 (pp. 75-92)
by Yoon Je Cho and Robert N McCauley
Translation in Chinese published by the SAFE through the Economic Management Publishing House in Beijing, June 2003

Mar 2003

Choosing instruments in managing dollar foreign exchange reserves 

BIS Quarterly Review, March 2003 (pp. 39-46)
by Robert N. McCauley and Ben Fung
Reprinted in Foreign Exchange Reserves: Concepts and Cases, Chapter 8 (Hyderabad, India: ICFAI University Press, 2004 )

Feb 2003

Validation of banks' internal rating systems 

by Stefan Blochwitz and Stefan Hohl
on GloriaMundi , 1 February 2003

Dec 2002

Integrating the finances of East Asia 

BIS Quarterly Review, December 2002 (pp. 83-95)
by Robert N. McCauley, San-Sau Fung, and Blaise Gadanecz
Also Appendix 1 in Florian Schmidt, Asia's Credit Markets: from High-Yield to High Grade (Wiley: 2004 )

Sep 2002

Rising foreign currency liquidity of banks in China 

BIS Quarterly Review, September 2002 (pp. 67-74 )
by Guonan Ma and Robert N McCauley

Aug 2002

International Market Implications of Declining Treasury Debt 

Journal of Money, Credit and Banking
by Robert N. McCauley
vol. 34, no. 3, part 2 (August 2002), pp. 952-966

Aug 2002

China's asset management corporations

BIS Working Papers No. 115
by Guonan Ma and Ben Fung

Jun 2002

Following Chinese banks' foreign currency liquidity 

BIS Quarterly Review, June 2002 (pp. 18-19)
by Guonan Ma and Robert N McCauley

Mar 2002

Globalising international banking 

BIS Quarterly Review, March 2002 (pp. 41-51)
by Robert N McCauley, Judith S Ruud and Philip D Wooldridge

 

Dec 2001

Comparing Monetary Policy Operating Procedures in Indonesia, Korea, Malaysia and Thailand

by Claudio E.V. Borio and Robert N McCauley
in Financial Markets and Policies in East Asia, Gordon de Brouwer, ed. (London: Routledge, 2001), pp. 253-285.

Oct 2001
(Mar 2002)

Setting Monetary Policy in East Asia: Goals, Developments and Institutions 

by Robert N McCauley
in Future Directions for Monetary Policies in East Asia (Sydney: Reserve Bank of Australia, 2001), pp. 7-55. Also published as SEACEN Centre Occasional Paper , no 33, 2002.

Sep 2001

Analysing the growth of Taiwanese deposits in foreign currency 

BIS Quarterly Review, September 2001 (pp, 49-56)
by Ben Fung and Robert N McCauley
Translated into Chinese and published in Central Deposit Insurance Corporation, Quarterly Review , June 2002, pp. 95-104.

Apr 2001

Comments on "Order Flow and Exchange Rate Dynamics"  by Martin Evans and Richard Lyons

by Robert N McCauley
in Market Liquidity, BIS Papers no 2, April 2001 (pp. 194-197).

Mar 2001

Benchmark Tipping in the Money and Bond Markets 

BIS Quarterly Review, March 2001 (pp. 39-45)
by Robert N McCauley

Mar 2001

How active are central banks in managing their US dollar reserve portfolios? 

BIS Quarterly Review, March 2001 (pp. 31-32)
by Ben Fung and Robert N McCauley

Nov 2000

Size and liquidity of government bond markets 

BIS Quarterly Review, November 2000 (pp. 52-58)
by Robert N McCauley and Eli Remolona

Nov 2000

Composition of US dollar foreign exchange reserves by instrument 

BIS Quarterly Review, November 2000 (pp. 59-60)
by Ben Fung and Robert N McCauley

Aug 2000

Foreign currency deposits of firms and individuals with banks in China 

BIS Quarterly Review, August 2000 (pp. 35-39)
by Robert N McCauley and Y K Mo

Apr 2000

Prospects for the Exchange Rate of the Euro 

by Robert N McCauley
in Michael Artis, Axel Weber, and Elizabeth Hennessy, eds., The Euro: a Challenge and Opportunity for Financial Markets (London: Routledge on behalf of the Société Universitaire Européenne de Recherches Financières, 2000), pp. 350-384.

Mar 2000

Global Capital Markets and Asset Inflation

by Robert N McCauley
SFC Bulletin [journal of the Securities and Futures Commission, Hong Kong Special Administrative Region], no. 39, January-March 2000, 20-38 [in English and Chinese].

Feb 2000

An update on developments in Hong Kong's international banking business 

BIS Quarterly Review, February 2000 (pp. 19-20)
by Robert N McCauley and Y K Mo

 

Dec 1999

Banking on Asia's Recovery

by Robert N McCauley
in Asian Wall Street Journal, December 1, 1999, p. 10.

Dec 1999

Policy and asset inflation

by Robert N McCauley, Judith S Ruud and Frank Iacono
Chapter 10 in Dodging Bullets: Changing US Corporate Capital Structures in the 1980s and 1990s  (Cambridge, Massachusetts: MIT Press, 1999).

Jun 1999

Recent developments in the international banking business of Hong Kong 

BIS Quarterly Review, June 1999 (pp. 13-14)
by Robert N McCauley and Y K Mo

May 1999

The Euro and the Liquidity of European Fixed Income Markets 

by Robert N McCauley
in Market Liquidity: Research Findings and Selected Policy Implications, Report of a Study Group established by the Committee on the Global Financial System of the central banks of the Group of Ten countries (Basel: BIS, May 1999), 28 pages.

Jan 1999

The Euro and the Dollar, 1998

by Robert N McCauley
Open Economies Review, vol. 10, no. 1, January 1999 pp. 91-133.

Nov 1998

The yen/dollar exchange rate and fluctuations in Asia-Pacific currencies 

BIS Quarterly Review, November 1998 (pp. 13-15)
by Gabriele Galati and Robert N McCauley

1998

El euro y los mercados europeos de renta fija 

by Robert N McCauley
in Enrique Vidal-Ribas, editor, El impacto del euro en los mercados financieros, Caja de ahorros y pensiones de Barcelona, Colección estudios e informes, no. 14 (Barcelona: Caja de ahorros y pensiones, 1998), pp. 73-115. (version in Catalan available)