Working Papers - last 12 months

Jun 2009
No 284

Towards an operational framework for financial stability: "fuzzy" measurement and its consequences

by Claudio Borio and Mathias Drehmann

May 2009
No 283

Another look at global disinflation

by Toshitaka Sekine

Apr 2009
No 282

China's exchange rate policy and Asian trade

by Alicia García-Herrero and Tuuli Koivu

Apr 2009
No 281

A Framework for Assessing the Systemic Risk of Major Financial Institutions

by Xin Huang, Hao Zhou and Haibin Zhu

Apr 2009
No 280

Measuring portfolio credit risk correctly: why parameter uncertainty matters

by Nikola Tarashev

Mar 2009
No 279

The pricing of subprime mortgage risk in good times and bad: evidence from the ABX.HE indices

by Ingo Fender and Martin Scheicher

Mar 2009
No 278

Credit frictions and optimal monetary policy

by Vasco Cúrdia and Michael Woodford

Mar 2009
No 277

China's financial conundrum and global imbalances

by Ronald McKinnon and Gunther Schnabl

Mar 2009
No 276

Has the monetary transmission process in the euro area changed? Evidence based on VAR estimates

by Axel A Weber, Rafael Gerke and Andreas Worms

Mar 2009
No 275

Inflation expectations, uncertainty and monetary policy

by Christopher A Sims

Mar 2009
No 274

Talking about monetary policy: the virtues (and vice?) of central bank communication

by Alan Blinder

Mar 2009
No 273

In search of monetary stability: the evolution of monetary policy

by Otmar Issing

Mar 2009
No 272

Bank ties and firm performance in Japan: some evidence since FY2002

by Patrick McGuire

Feb 2009
No 271

Private information, stock markets, and exchange rates

by Jacob Gyntelberg, Mico Loretan, Tientip Subhanij and Eric Chan

Dec 2008
No 270

Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited

by Dubravko Mihaljek and Marc Klau

Dec 2008
No 269

Monetary policy implementation: Misconceptions and their consequences

by Piti Disyatat

Dec 2008
No 268

Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?

by Claudio Borio and Haibin Zhu

Dec 2008
No 267

Interpreting deviations from covered interest parity during the financial market turmoil of 2007-08

by Naohiko Baba and Frank Packer

Dec 2008
No 266

Private matters

by Jean Helwege and Frank Packer

Nov 2008
No 265

External support and bank behaviour in the international syndicated loan market

by Blaise Gadanecz, Kostas Tsatsaronis and Yener Altunbas

Nov 2008
No 264

Price discovery from cross-currency and FX swaps: a structural analysis

by Naohiko Baba and Yasuaki Amatatsu

Oct 2008
No 263

Determinants of house prices in nine Asia-Pacific economies

by Eloisa T Glindro, Tientip Subhanij, Jessica Szeto and Haibin Zhu

Sep 2008
No 262

Effectiveness of monetary policy communication in Indonesia and Thailand

by Sahminan Sahminan

Sep 2008
No 261

The Asian crisis: what did local stock markets expect?

by Jacob Gyntelberg, Alicia García-Herrero and Andrea Tesei

Sep 2008
No 260

Estimating hedge fund leverage

by Patrick McGuire and Kostas Tsatsaronis

Sep 2008
No 259

The housing meltdown: Why did it happen in the United States?

by Luci Ellis

Sep 2008
No 258

DSGE models and central banks

by Camilo Tovar

Jul 2008
No 257

Financial system: shock absorber or amplifier?

by Franklin Allen and Elena Carletti

Jul 2008
No 256

Liquidity and financial cycles

by Tobias Adrian and Hyun Song Shin

Jul 2008
No 255

Innovations in credit risk transfer: implications for financial stability

by Darrell Duffie