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
Jun 2013 No 415	The interest rate effects of government debt maturity by Jagjit S Chadha, Philip Turner and Fabrizio Zampolli
Jun 2013 No 414	Foreign exchange intervention and expectation in emerging economies by Ken Miyajima
May 2013 No 413	The 2011 FDIC assessment on banks managed liabilities: interest rate and balance-sheet responses by Lawrence L Kreicher, Robert N McCauley and Patrick McGuire
Apr 2013 No 412	Structural bank regulation initiatives: approaches and implications by Leonardo Gambacorta and Adrian Van Rixtel
Apr 2013 No 411	Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute by Joshua Aizenman, Brian Pinto and Vladyslav Sushko
Apr 2013 No 410	Is China or India more financially open? by Guonan Ma and Robert N McCauley
Apr 2013 No 409	Wage and price dynamics in a large emerging economy: The case of China by Carsten A Holz and Aaron Mehrotra
Apr 2013 No 408	The Great Financial Crisis: setting priorities for new statistics by Claudio Borio
Mar 2013 No 407	Do economies stall? The international evidence by Wai-Yip Alex Ho and James Yetman
Mar 2013 No 406	Financial crises and bank funding: recent experience in the euro area by Adrian Van Rixtel and Gabriele Gasperini
Mar 2013 No 405	Information Flows in Dark Markets: Dissecting Customer Currency Trades by Lukas Menkhoff, Lucio Sarno, Maik Schmeling and Andreas Schrimpf
Feb 2013 No 404	Rethinking potential output: Embedding information about the financial cycle by Claudio Borio, Piti Disyatat and Mikael Juselius
Feb 2013 No 403	Benign neglect of the long-term interest rate by Philip Turner
Feb 2013 No 402	Understanding Global Liquidity by Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann
Dec 2012 No 401	Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets by Paul Mizen, Frank Packer, Eli M Remolona and Serafeim Tsoukas
Dec 2012 No 400	Capital Flows and the Risk-Taking Channel of Monetary Policy by Valentina Bruno and Hyun Song Shin
Dec 2012 No 399	Global safe assets by Pierre-Olivier Gourinchas and Olivier Jeanne
Dec 2012 No 398	The great leveraging by Alan M. Taylor
Dec 2012 No 397	Financial Globalisation and the Crisis by Philip R. Lane
Dec 2012 No 396	Systematic monetary policy and the forward premium puzzle by Demosthenes N. Tambakis and Nikola Tarashev
Dec 2012 No 395	The financial cycle and macroeconomics: What have we learnt? by Claudio Borio
Dec 2012 No 394	Unmitigated disasters? New evidence on the macroeconomic cost of natural catastrophes by Goetz von Peter, Sebastian von Dahlen and Sweta C Saxena
Dec 2012 No 393	Interpreting TARGET2 balances by Stephen G Cecchetti, Robert N McCauley and Patrick McGuire
Nov 2012 No 392	Liquidity in Government versus Covered Bond Markets by Jens Dick-Nielsen, Jacob Gyntelberg and Thomas Sangill
Nov 2012 No 391	Emerging market local currency bonds: diversification and stability by Ken Miyajima, Madhusudan Mohanty and Tracy Chan
Oct 2012 No 390	The liquidity consequences of the euro area sovereign debt crisis by William A Allen and Richhild Moessner
Oct 2012 No 389	Currency intervention and the global portfolio balance effect: Japanese lessons by Petra Gerlach-Kristen, Robert N McCauley and Kazuo Ueda
Sep 2012 No 388	Monetary policy in a downturn: Are financial crises special? by Morten Bech, Leonardo Gambacorta and Enisse Kharroubi
Sep 2012 No 387	Does US GDP stall? by Wai-Yip Alex Ho and James Yetman
Sep 2012 No 386	The Social Value of Policy Signals by Stefan Avdjiev, Patrick McGuire and Nikola Tarashev
Sep 2012 No 385	Ageing, property prices and money demand by Kiyohiko G Nishimura and Előd Takáts
Aug 2012 No 384	The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis by Leonardo Gambacorta, Boris Hofmann and Gert Peersman
Jul 2012 No 383	Public recapitalisations and bank risk: evidence from loan spreads and leverage by Michael Brei and Blaise Gadanecz
Jul 2012 No 382	Risk-on/risk-off, capital flows, leverage and safe assets by Robert N McCauley
Jul 2012 No 381	Reassessing the impact of finance on growth by Stephen G Cecchetti and Enisse Kharroubi