Working Papers - last 12 months

BIS Working Papers are written by economists from the BIS and, occasionally, from central banks or academic institutions. Some of these papers have been presented at BIS meetings or at events organised by other organisations. The views expressed in them are those of the authors and not necessarily those of the BIS.

Date	Publications
May 2012 No 379	When capital adequacy and interest rate policy are substitutes (and when they are not) by Stephen G Cecchetti and Marion Kohler
Apr 2012 No 378	Ensuring price stability in post-crisis Asia: lessons from the recovery by Andrew Filardo
Apr 2012 No 377	Rapid credit growth and international credit: Challenges for Asia by Stefan Avdjiev, Robert N McCauley and Patrick McGuire
Apr 2012 No 376	Systemic risk in global banking: what can available data tell us and what more data are needed? by Eugenio Cerutti, Stijn Claessens and Patrick McGuire
Apr 2012 No 375	Loan loss provisioning practices of Asian banks by Frank Packer and Haibin Zhu
Mar 2012 No 374	A Comprehensive Look at Financial Volatility Prediction by Economic Variables by Charlotte Christiansen, Maik Schmeling and Andreas Schrimpf
Mar 2012 No 373	Collateral requirements for mandatory central clearing of over-the-counter derivatives by Daniel Heller and Nicholas Vause
Feb 2012 No 372	Inflation Dynamics in the Presence of Informal Labour Markets by Paul Castillo and Carlos Montoro
Feb 2012 No 371	Stochastic Herding in Financial Markets Evidence from Institutional Investor Equity Portfolios by Makoto Nirei, Theodoros Stamatiou and Vladyslav Sushko
Feb 2012 No 370	Credit at times of stress: Latin American lessons from the global financial crisis by Carlos Montoro and Liliana Rojas-Suarez
Jan 2012 No 369	Stress-testing macro stress testing: does it live up to expectations? by Claudio Borio, Mathias Drehmann and Kostas Tsatsaronis
Jan 2012 No 368	The sustainability of pension schemes by Srichander Ramaswamy
Dec 2011 No 367	Is the long-term interest rate a policy victim, a policy variable or a policy lodestar? by Philip Turner
Dec 2011 No 366	Currency Momentum Strategies by Lukas Menkhoff, Lucio Sarno, Maik Schmeling and Andreas Schrimpf
Dec 2011 No 365	Was This Time Different?: Fiscal Policy in Commodity Republics by Luis Felipe Céspedes and Andrés Velasco
Dec 2011 No 364	Perceptions and misperceptions of fiscal inflation by Eric M. Leeper and Todd B. Walker
Dec 2011 No 363	The Liquidation of Government Debt by Carmen M. Reinhart and M. Belen Sbrancia
Dec 2011 No 362	The "Austerity myth": Gain Without Pain? by Roberto Perotti
Dec 2011 No 361	Long-term fiscal sustainability in major economies by Alan J Auerbach
Nov 2011 No 360	China's evolving reserve requirements by Guonan Ma, Yan Xiandong and Liu Xi
Nov 2011 No 359	Bank heterogeneity and interest rate setting: What lessons have we learned since Lehman Brothers? by Leonardo Gambacorta and Paolo Emilio Mistrulli
Nov 2011 No 358	News driven business cycles and data on asset prices in estimated DSGE models by Stefan Avdjiev
Nov 2011 No 357	Rescue packages and bank lending by Michael Brei, Leonardo Gambacorta and Goetz von Peter
Nov 2011 No 356	The Impact of the International Financial Crisis on Asia and the Pacific: Highlighting Monetary Policy Challenges from a Negative Asset Price Bubble Perspective by Andrew Filardo
Nov 2011 No 355	Anchoring countercyclical capital buffers: the role of credit aggregates by Mathias Drehmann, Claudio Borio and Kostas Tsatsaronis
Sep 2011 No 354	Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward by Claudio Borio
Sep 2011 No 353	Central banking post-crisis: What compass for uncharted waters? by Claudio Borio
Sep 2011 No 352	The real effects of debt by Stephen G Cecchetti, Madhusudan Mohanty and Fabrizio Zampolli
Aug 2011 No 351	Weathering the financial crisis: good policy or good luck? by Stephen G Cecchetti, Michael R King and James Yetman
Jul 2011 No 350	The value of repeat lending by Blaise Gadanecz, Alper Kara and Philip Molyneux
Jul 2011 No 349	How do inflation expectations form? New insights from a high-frequency survey by Gabriele Galati, Peter Heemeijer and Richhild Moessner
Jul 2011 No 348	The international propagation of the financial crisis of 2008 and a comparison with 1931 by William A. Allen and Richhild Moessner
May 2011 No 347	On harnessing the potential of financial inclusion by Peter Dittus and Michael Klein
May 2011 No 346	Global imbalances and the financial crisis: Link or no link? by Claudio Borio and Piti Disyatat