Americas Office Publications

Browse through the latest research produced by, or in collaboration with, the Americas Office.

Displaying 71-80 of 150
Publication BIS Working Paper No 993 24 Jan 2022
Term premium dynamics and its determinants: the Mexican case
We estimate the term premium implicit in 10-year Mexican government bonds from 2004 to 2019, and analyze the main determinants explaining its dynamics.
Authors: Ana Aguilar, María Diego-Fernández, Rocio Elizondo and Jessica Roldán-Peña
Publication BIS Working Paper No 990 13 Jan 2022
Informational switching costs, bank competition, and the cost of finance
This paper studies the links between competition in the lending market and spreads of bank loans in Brazil.
Authors: José Renato Haas Ornelas, Marcos Soares da Silva and Bernardus F Nazar Van Doornik
Publication BIS Working Paper No 989 13 Jan 2022
Central bank digital currencies (CBDCs) in Latin America and the Caribbean
Our statistical analysis identifies important drivers of engagement in CBDC development: the extent of innovation, the presence of fast payment systems, government effectiveness, financial account ownership, financial development more generally and the…
Authors: Viviana Alfonso Corredor, Steven Kamin and Fabrizio Zampolli
Publication 29 Sep 2021
Enabling open finance through APIs: report on payment initiation
Publication BIS Working Paper No 950 10 Jun 2021
Fiscal regimes and the exchange rate
In this paper, we argue that the effect of monetary and fiscal policies on the exchange rate depends on the fiscal regime. A contractionary monetary (expansionary fiscal) shock can lead to a depreciation, rather than an appreciation, of the domestic…
Authors: Enrique Alberola-Ila, Carlos Cantú, Paolo Cavallino and Nikola Mirkov
Publication 15 Apr 2021
Capital flows, exchange rates and monetary policy frameworks in Latin American and other economies
Publication BIS Working Paper No 934 30 Mar 2021
A global database on central banks' monetary responses to Covid-19
The Covid-19 pandemic has been a global shock of unprecedented size that has hit most countries around the world. Central banks have responded quickly, on a massive scale. We present a novel database that provides information on central banks' responses…
Authors: Carlos Cantú, Paolo Cavallino, Fiorella De Fiore and James Yetman
Publication 08 Dec 2020
Enabling open finance through APIs
Publication BIS Working Paper No 893 22 Oct 2020
Assessing the fiscal implications of banking crises
We propose a method for computing the distribution of the potential fiscal cost of a banking crisis - a key input in assessing the adequacy of a country's fiscal buffers.
Authors: Claudio Borio, Juan M Contreras and Fabrizio Zampolli
Publication BIS Working Paper No 884 08 Sep 2020
Retailer markup and exchange rate pass-through: Evidence from the Mexican CPI micro data
I develop a structural model with nested CES preferences to obtain optimal markups for heterogeneous retailers when the prices of all their inputs are exogenous.
Author: Fernando Pérez-Cervantes

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