Asia Office Publications

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

Displaying 21-30 of 183
Publication BIS Working Paper No 1198 12 Jul 2024
Sovereign green bonds: a catalyst for sustainable debt market development?
In traditional bond markets, sovereign bonds provide benchmarks and serve as catalysts for corporate bond market development. Contrary to the usual sequence of bond market development, sovereign issuers are latecomers to sustainable bond markets. Yet, our…
Authors: Gong Cheng, Torsten Ehlers, Frank Packer and Yanzhe Xiao
Publication BIS Bulletin No 85 28 Mar 2024
From financial inclusion to financial health
To successfully manage their financial obligations and have confidence in their financial future (financial health) people need to access and use financial services (financial inclusion). Yet inclusion alone may not be sufficient: financial health can…
Authors: Carlos Cantú, Jon Frost, Tirupam Goel and Jermy Prenio
Publication BIS Working Paper No 1154 15 Dec 2023
Foreign investor feedback trading in an emerging financial market
This paper finds that trading by non-residents in an emerging financial market reinforces the existence of a momentum anomaly, in an apparent violation of an efficient market hypothesis.
Authors: Ingomar Krohn, Vladyslav Sushko and Witit Synsatayakul
Publication BIS Working Paper No 1145 15 Nov 2023
Dollar and government bond liquidity: evidence from Korea
Using unique tick-by-tick data from an exchange, this paper examines the relationship between the US dollar and liquidity in the Korean government (Treasury) bond market. We find that a strong US dollar deteriorates the Treasury market's liquidity by…
Author: Jieun Lee
Publication BIS Bulletin No 79 02 Nov 2023
Lessons from recent experiences on exchange rates, capital flows and financial conditions in EMEs
Currency appreciation in emerging market economies (EMEs) has gone hand in hand with greater risk-taking, higher capital flows and more accommodative financial conditions, against the backdrop of the increasing share of foreign investment in local…
Authors: Pietro Patelli, Jimmy Shek and Ilhyock Shim
Publication 10 Oct 2023
Inflation, external financial conditions and macro-financial stability frameworks in Asia-Pacific
A report by a Working Group established by the Asian Consultative Council of the Bank for International Settlements - Under the direction of the Asian Consultative Council (ACC) of the BIS at its September 2022 meeting, the BIS Representative Office for…
Publication BIS Bulletin No 78 03 Oct 2023
Mapping the realignment of global value chains
The latest firm-level network data reveal that global value chains have lengthened, although without the accompanying network densification that might indicate that supplier relationships are diversifying. Lengthening of supply chains is especially…
Authors: Han Qiu, Hyun Song Shin and Leanne Si Ying Zhang
Publication BIS Working Paper No 1127 29 Sep 2023
The impact of green investors on stock prices
We study the impact of green investors on stock prices in a dynamic equilibrium model where investors are green, passive or active.
Authors: Gong Cheng, Eric Jondeau, Benoit Mojon and Dimitri Vayanos
Publication BIS Working Paper No 1123 14 Sep 2023
Global supply chain interdependence and shock amplification; evidence from Covid lockdowns
Supply disruptions from the Covid-19 pandemic raise questions about the benefits and costs of global value chain (GVC) participation and the possibility that supply chain networks may have shifted during this period. ...
Authors: Sally Chen, Eric Tsang and Leanne Si Ying Zhang
Publication BIS Working Paper No 1116 09 Aug 2023
Absolute blockchain strength? Evidence from the ABS market in China
Blockchain, a type of distributed ledger technology, has become a buzzword in the past decade. Its potential to challenge current business practices such as financial transactions has been touted or criticised by numerous researchers and practitioners…
Authors: Jing Liu, Ilhyock Shim and Yanfeng Zheng

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