Asia Office Publications

Browse through the latest publications produced by, or in collaboration with, the Asia Office.

Displaying 121-130 of 184
Publication BIS Working Paper No 446 11 Apr 2014
One currency, two markets: the renminbi's growing influence in Asia-Pacific
Abstract of BIS Working Papers No 446. This study presents evidence of the renminbi's growing influence in the Asia-Pacific region. The CNH market - the offshore renminbi foreign exchange market in Hong Kong SAR - is found to exert an effect on Asian…
Authors: Chang Shu, Dong He and Xiaoqiang Cheng
Publication BIS Paper No 77 31 Mar 2014
Globalisation, inflation and monetary policy in Asia and the Pacific
Abstract of BIS Papers No. 77 "Globalisation and inflation dynamics in Asia and the Pacific", proceedings from the People's Bank of China-BIS Research Conference on "Globalisation and inflation dynamics in Asia and the Pacific", Beijing, 23-24 September…
Publication BIS Working Paper No 438 23 Dec 2013
Asia's decoupling: fact, forecast or fiction?
Abstract of BIS Working Papers No 438. Standard measures of real economic co-movement between Asia-Pacific economies and those elsewhere had been observed to follow a downward trend, leading some commentators to suggest that the region was decoupling…
Authors: Lillie Lam and James Yetman
Publication BIS Working Paper No 433 15 Nov 2013
Can non-interest rate policies stabilise housing markets? Evidence from a panel of 57 economies
Abstract of BIS Working Papers No 433. Using data from 57 countries spanning more than three decades, this paper investigates the effectiveness of nine non-interest rate policy tools, including macroprudential measures, in stabilising house prices and…
Authors: Kenneth N Kuttner and Ilhyock Shim
Publication BIS Working Paper No 425 05 Sep 2013
The response of tail risk perceptions to unconventional monetary policy
Abstract of BIS Working Papers No 425 We evaluate the response of perceived tail risks in financial markets to the implementation of unconventional monetary policy by the U.S. Federal Reserve. Using information from out-of-money equity index options, we…
Authors: Masazumi Hattori, Andreas Schrimpf and Vladyslav Sushko
Publication BIS Working Paper No 424 05 Sep 2013
Global and euro imbalances: China and Germany
Abstract of BIS Working Papers No 424 We analyse global and euro area imbalances by focusing on China and Germany as large surplus and creditor countries. In the 2000s, domestic reforms in both countries expanded the effective labour force, restrained…
Authors: Guonan Ma and Robert N McCauley
Publication BIS Working Paper No 423 04 Sep 2013
Intraday dynamics of euro area sovereign CDS and bonds
Abstract of BIS Working Papers No 423 The recent sovereign debt crisis in the euro area has seen credit spreads on sovereign bonds and credit default swaps (CDS) surge for a number of member states. While these events have increased interest in…
Authors: Jacob Gyntelberg, Peter Hördahl, Kristyna Ters and Jörg Urban
Publication BIS Working Paper No 411 26 Apr 2013
Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute
Abstract of BIS Working Papers No 411 We examine how financial expansion and contraction cycles affect the broader economy through their impact on real economic sectors in a panel of countries over 1960-2005. Periods of accelerated growth of the…
Authors: Joshua Aizenman, Brian Pinto and Vladyslav Sushko
Publication BIS Working Paper No 410 23 Apr 2013
Is China or India more financially open?
Abstract of BIS Working Papers No 410 Measures of de facto capital account openness for China and India raise the question whether the Chinn-Ito measure of de jure capital account openness is useful and whether the Lane-Milesi-Ferretti measure of de…
Authors: Guonan Ma and Robert N McCauley
Publication BIS Working Paper No 407 13 Mar 2013
Do economies stall? The international evidence
Abstract of BIS Working Papers No 407
Authors: Wai-Yip Alex Ho and James Yetman

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