Working Papers - BIS

Date	Titles
Dec 2014 No 478	Spillovers of US unconventional monetary policy to Asia: the role of long-term interest rates by Ken Miyajima, Madhusudan Mohanty and James Yetman
Dec 2014 No 477	Has the transmission of policy rates to lending rates been impaired by the Global Financial Crisis? by Leonardo Gambacorta, Anamaria Illes and Marco Jacopo Lombardi
Dec 2014 No 476	Financial inclusion and optimal monetary policy by Aaron Mehrotra and James Yetman
Dec 2014 No 475	SMEs, financial constraints and growth by Ryan Banerjee
Dec 2014 No 474	Exchange rate risk and local currency sovereign bond yields in emerging markets by Blaise Gadanecz, Ken Miyajima and Chang Shu
Dec 2014 No 473	Liquidity Risk and the Credit Crunch of 2007-2008: Evidence from Micro-Level Data on Mortgage Loan Applications by Adonis Antoniades
Dec 2014 No 472	Correlations across Asia-Pacific bond markets and the impact of capital flow measures by Pornpinun Chantapacdepong and Ilhyock Shim
Nov 2014 No 471	The leverage ratio over the cycle by Michael Brei and Leonardo Gambacorta
Oct 2014 No 470	The impact of liquidity regulation on banks by Ryan Banerjee and Hitoshi Mio
Oct 2014 No 469	When firms and industries matter: understanding the sources of productivity growth by Ulf Lewrick, Lukas Mohler and Rolf Weder
Oct 2014 No 468	The redistributive effects of financial deregulation: wall street versus main street by Anton Korinek and Jonathan Kreamer
Oct 2014 No 467	Managing Default Risk by Anna Zabai
Oct 2014 No 466	Benchmark tipping in the global bond market by Lawrence L Kreicher, Robert N McCauley and Philip Wooldridge
Sep 2014 No 465	Developing an underlying inflation gauge for China by Marlene Amstad, Ye Huan and Guonan Ma
Sep 2014 No 464	Decaying expectations: what inflation forecasts tell us about the anchoring of inflation expectations by Aaron Mehrotra and James Yetman
Sep 2014 No 463	Monetary analysis and the global financial cycle: an Asian central bank perspective by Andrew Filardo, Hans Genberg and Boris Hofmann
Sep 2014 No 462	The effects of intraday foreign exchange market operations in Latin America: results for Chile, Colombia, Mexico and Peru by Miguel Fuentes, Pablo Pincheira, Juan Manuel Julio, Hernán Rincón, Santiago García-Verdú, Miguel Zerecero, Marco Vega, Erick Lahura and Ramon Moreno
Sep 2014 No 461	A policy model to analyze macroprudential regulations and monetary policy by Sami Alpanda, Gino Cateau and Césaire Meh
Sep 2014 No 460	Traditional and matter-of-fact financial frictions in a DSGE model for Brazil: the role of macroprudential instruments and monetary policy by Fabia de Carvalho, Marcos Castro and Sílvio Costa
Sep 2014 No 459	Spillovers, capital flows and prudential regulation in small open economies by Paul Castillo, Cesar Carrera, Marco Ortiz and Hugo Vega
Sep 2014 No 458	Cross-border banking and global liquidity by Valentina Bruno and Hyun Song Shin
Sep 2014 No 457	The international monetary and financial system: a capital account historical perspective by Claudio Borio, Harold James and Hyun Song Shin
Sep 2014 No 456	The international monetary and financial system: its Achilles heel and what to do about it by Claudio Borio
Aug 2014 No 455	Filling in the Blanks: Network Structure and Interbank Contagion by Kartik Anand, Ben Craig and Goetz von Peter
Aug 2014 No 454	Understanding the challenges for infrastructure finance by Torsten Ehlers
Jul 2014 No 453	The FRBNY Staff Underlying Inflation Gauge: UIG by Marlene Amstad, Simon M Potter and Robert Rich
Jun 2014 No 452	A shadow policy rate to calibrate US monetary policy at the zero lower bound by Marco Jacopo Lombardi and Feng Zhu
Jun 2014 No 451	Measuring Economic Slack: A Forecast-Based Approach with Applications to Economies in Asia and the Pacific by James Morley
Jun 2014 No 450	Globalisation, pass-through and the optimal policy response to exchange rates by Michael B Devereux and James Yetman
Jun 2014 No 449	Credit Growth, Monetary Policy, and Economic Activity in a Three-Regime TVAR Model by Stefan Avdjiev and Zheng Zeng
May 2014 No 448	The exit from non-conventional monetary policy: what challenges? by Philip Turner
Apr 2014 No 447	Trade linkages and the globalisation of inflation in Asia and the Pacific by Raphael Auer and Aaron Mehrotra
Apr 2014 No 446	One currency, two markets: the renminbi's growing influence in Asia-Pacific by Chang Shu, Dong He and Xiaoqiang Cheng
Mar 2014 No 445	Foreign exchange intervention and the banking system balance sheet in emerging market economies by Blaise Gadanecz, Aaron Mehrotra and Madhusudan Mohanty
Mar 2014 No 444	Reforming the international monetary system in the 1970s and 2000s: would an SDR substitution account have worked? by Robert N McCauley and Catherine R Schenk
Mar 2014 No 443	Banks and capital requirements: channels of adjustment by Benjamin Cohen and Michela Scatigna
Feb 2014 No 442	A parsimonious approach to incorporating economic information in measures of potential output by Claudio Borio, Piti Disyatat and Mikael Juselius
Feb 2014 No 441	The global long-term interest rate, financial risks and policy choices in EMEs by Philip Turner
Jan 2014 No 440	Monetary policy and financial stability: what role in prevention and recovery? by Claudio Borio
Jan 2014 No 439	On the economics of committed liquidity facilities by Morten Bech and Todd Keister

Dec 2014
No 478