Asian Office research

Economic, monetary and financial research

Economics and Financial Markets for Asia and the Pacific at the Asian Office serves as the BIS's Asian research hub. The unit conducts policy analyses and produces research papers on issues of interest to regional central bank Governors. It also organises and coordinates research networks, conferences, working groups and high-level meetings for Asia-Pacific central banks and supervisory authorities.

The unit promotes the BIS's cooperation with its members in Asia and the Pacific, and acts as a centre for policy discussion and research on topics covering macroeconomic issues, monetary policy and financial stability.

The unit's research initiatives include:

  • Thematic research programmes 
  • Asian Research Network 
  • Working groups

Thematic research programmes

Research at the BIS Asian Office is organised around several themes, each carried out in multi-year work programmes. The themes are approved by the ACC, and papers are presented at conferences co-hosted by a central bank in the region. Papers treating the 2018-19 theme were presented at a conference in Manila in August 2019.

Previous research themes included:

2017-18: Asia-Pacific fixed income markets: evolving structure, participation and pricing
2016-17: The price, real and financial effects of the exchange rate
2015-16: Financial systems and the real economy
2014-15: Expanding the boundaries of monetary policy
2013-14: Cross-border financial linkages in Asia and the Pacific
2012-13: Globalisation, inflation and monetary policy in Asia and the Pacific
2011-12: Property markets and financial stability
2010-11: Central bank balance sheets in Asia and the Pacific: the policy challenges ahead

The BIS Annual Economic Report is also available in Chinese. 

Asian Research Network

The Asian Research Network was established in January 2007 with the aim of facilitating the sharing of policy-relevant research among central banks and supervisory authorities in the Asia-Pacific region while promoting discussions on monetary and financial stability issues. Every year, the BIS Asian Office, in collaboration with a host central bank in the region, calls for papers from network member central banks and supervisory authorities and organises a workshop. The next BIS Asian Research Network workshop will take place in March 2020, co-hosted by the Bank of Korea.

Asian Office economists

Peter Hoerdahl, Principal Economist

Frank Packer, Regional Adviser

Ilhyock Shim, Head of Economics and Financial Markets for Asia and the Pacific

Vladyslav Sushko, Senior Economist

James Yetman, Principal Economist