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 Titles
Feb 2017
No 610

Global impact of US and euro area unconventional monetary policies: a comparison

by Qianying Chen, Marco Jacopo Lombardi, Alex Ross and Feng Zhu

Feb 2017
No 609

Revisiting the commodity curse: a financial perspective

by Enrique Alberola-Ila and Gianluca Benigno

Jan 2017
No 608

Redemption risk and cash hoarding by asset managers

by Stephen Morris, Ilhyock Shim and Hyun Song Shin

Jan 2017
No 607

The real effects of household debt in the short and long run

by Marco Jacopo Lombardi, Madhusudan Mohanty and Ilhyock Shim

Jan 2017
No 606

Market volatility, monetary policy and the term premium

by Sushanta K Mallick, Madhusudan Mohanty and Fabrizio Zampolli

Jan 2017
No 605

Wage and price setting: new evidence from Uruguayan firms

by Fernando Borraz, Gerardo Licandro and Daniela Sola

Jan 2017
No 604

Endogenous wage indexation and aggregate shocks

by Julio A. Carrillo, Gert Peersman and Joris Wauters

Jan 2017
No 603

Multiplex interbank networks and systemic importance - An application to European data

by Iñaki Aldasoro and Ivan Alves

Jan 2017
No 602

The globalisation of inflation: the growing importance of global value chains

by Raphael Auer, Claudio Borio and Andrew Filardo

Jan 2017
No 601

Asymmetric information and the securitization of SME loans

by Ugo Albertazzi, Margherita Bottero, Leonardo Gambacorta and Steven Ongena

Dec 2016
No 600

The currency dimension of the bank lending channel in international monetary transmission

by Előd Takáts and Judit Temesvary

Dec 2016
No 599

Banking industry dynamics and size-dependent capital regulation

by Tirupam Goel

Dec 2016
No 598

Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?

by Mark A Carlson and David C Wheelock

Dec 2016
No 597

Bank networks: contagion, systemic risk and prudential policy

by Iñaki Aldasoro, Domenico Delli Gatti and Ester Faia

Dec 2016
No 596

Macroeconomics of bank capital and liquidity regulations

by Frederic Boissay and Fabrice Collard

Dec 2016
No 595

Bank lending and loan quality: the case of India

by Pallavi Chavan and Leonardo Gambacorta

Dec 2016
No 594

A quantitative case for leaning against the wind

by Andrew Filardo and Phurichai Rungcharoenkitkul

Dec 2016
No 593

The countercyclical capital buffer and the composition of bank lending

by Raphael Auer and Steven Ongena

Nov 2016
No 592

The dollar, bank leverage and the deviation from covered interest parity

by Stefan Avdjiev, Wenxin Du, Catherine Koch and Hyun Song Shin

Nov 2016
No 591

Adding it all up: the macroeconomic impact of Basel III and outstanding reform issues

by Ingo Fender and Ulf Lewrick

Oct 2016
No 590

The failure of covered interest parity: FX hedging demand and costly balance sheets

by Vladyslav Sushko, Claudio Borio, Robert Neil McCauley and Patrick McGuire

Oct 2016
No 589

International prudential policy spillovers: a global perspective

by Stefan Avdjiev, Catherine Koch, Patrick McGuire and Goetz von Peter

Oct 2016
No 588

Macroprudential policies, the long-term interest rate and the exchange rate

by Philip Turner

Oct 2016
No 587

Globalisation and financial stability risks: is the residency-based approach of the national accounts old-fashioned?

by Bruno Tissot

Sep 2016
No 586

Leverage and risk weighted capital requirements

by Leonardo Gambacorta and Sudipto Karmakar

Sep 2016
No 585

The effects of a central bank's inflation forecasts on private sector forecasts: Recent evidence from Japan

by Masazumi Hattori, Steven Kong, Frank Packer and Toshitaka Sekine

Sep 2016
No 584

Intuitive and reliable estimates of the output gap from a Beveridge-Nelson filter

by Güneş Kamber, James Morley and Benjamin Wong

Sep 2016
No 583

Exchange rate pass-through: What has changed since the crisis?

by Martina Jašová, Richhild Moessner and Előd Takáts

Sep 2016
No 582

Global inflation forecasts

by Jonathan Kearns

Sep 2016
No 581

Near-money premiums, monetary policy, and the integration of money markets: lessons from deregulation

by Mark A Carlson and David C Wheelock

Sep 2016
No 580

Bank capital and dividend externalities

by Viral Acharya, Hanh Le and Hyun Song Shin

Sep 2016
No 579

Regional pull vs global push factors: China and US influence on Asia-Pacific financial markets

by Chang Shu, Dong He, Jinyue Dong and Honglin Wang

Aug 2016
No 578

Asset managers, eurodollars and unconventional monetary policy

by Lawrence L Kreicher and Robert Neil McCauley

Aug 2016
No 577

Are star funds really shining? Cross-trading and performance shifting in mutual fund families

by Alexander Eisele, Tamara Nefedova and Gianpaolo Parise

Aug 2016
No 576

Crises and rescues: liquidity transmission through international banks

by Claudia Buch, Catherine Koch and Michael Koetter

Aug 2016
No 575

Housing collateral and small firm activity in Europe

by Ryan Niladri Banerjee and Kristian S Blickle

Aug 2016
No 574

Low long-term interest rates as a global phenomenon

by Peter Hördahl, Jhuvesh Sobrun and Philip Turner

Jul 2016
No 573

Intraday dynamics of euro area sovereign credit risk contagion

by Lubos Komarek, Kristyna Ters and Jörg Urban

Jul 2016
No 572

Housing prices, mortgage interest rates and the rising share of capital income in the United States

by Gianni La Cava

Jul 2016
No 571

On the transactions costs of quantitative easing

by Francis Breedon and Philip Turner