Research papers

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Research papers - all publications

Mar 2008

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


Feb 2008

Do China's capital controls still bind?PDF

by Rober N McCauley and Guonan Ma, in Barry Eichengreen, Yung Chul Park, and Charles Wyplosz, (eds.), China, Asia, and the New World Economy


Feb 2008

Choosing the currency numeraire in managing official foreign exchange reservesPDF

by Robert N McCauley, in Robert Pringle and Nick Carver, (eds.), RBS Reserve Management Trends 2008


Feb 2008

Asset Prices and Monetary Policy: Booms and Fat Tails in East Asia

by Maria Socorro Gochoco-Bautista, BIS Working Papers no 243


Feb 2008

Understanding Asian Equity flows, market returns and exchanges rates

by Chayawadee Chai-Anant and Corrinne Ho, BIS Working Papers no 245


Jan 2008

Transparency and communication in monetary policy: a survey of Asian central banksPDF

by Andrew Filardo and Diwa Guinigundo, BSP-BIS High-Level Conference on Transparency and Communication in Monetary Policy, 1 February, Manila


Jan 2008

Near-Term Exchange Rate Flexibility in East Asia: Precursor to Regional Monetary Union?

by Mar Gudmundsson, Pacific Economic Review, Vol 13, no 1, pp 62-82


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

Housing finance agencies in Asia

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


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

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

The evolving instrument composition of official holdings of US dollars

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


Dec 2007

Distress selling and asset market feedback PDF

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

Securitization in Asia and Latin America comparedPDF

by Jacob Gyntelberg, Eli M Remolona and Camilo Tovar, chapter 21 in Innovations in Securitization Yearbook 2007, ed. J.J. de Vries and P.U. Ali ed., Kluwer Law International


Dec 2007

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

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


Oct 2007

Building an Integrated Capital Market in East Asia

by Robert McCauley, ADB Institute Discussion Paper No 83


Oct 2007

Developing Asia Pacific non-government fixed income markets PDF

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


Sep 2007

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

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 markets

by Alicia García-Herrero and Philip Wooldridge, BIS Quarterly Review, September 2007, pp 57-70


Sep 2007

Using housing finance micro data to asses financial stability risksPDF

by Jacob Gyntelberg, Martin W Johansson and Mattias Persson, Housing Finance International


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? September 2007

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

Does China have an impact on foreign direct investment to Latin America?

by Alicia García-Herrero and Daniel Santabarbara, China Economic Review, Vol 28, issue 3, pp 266-87, July 2007


Jul 2007

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

by Alicia García-Herrero and Juan M. Ruiz, Mondea y Credito, No 226, 2008, forthcoming