Benjamin H Cohen

Head of Financial Markets

Monetary and Economic Department

ben.cohen@bis.org

Prior to his present position, Benjamin worked as a senior economist in the Financial Markets and Monetary Policy units at the BIS, and in the secretariats of the Financial Stability Board, the Financial Stability Forum and the Committee on the Global Financial System. From 2003 to 2005 he was a senior economist in the Independent Evaluation Office of the International Monetary Fund. He received his PhD from the Massachusetts Institute of Technology in 1995.

Fields of interest

Financial markets
Financial institutions and microprudential issues (including banking supervision)
Financial stability and macroprudential issues

Date	BIS research papers
Mar 2017	The new era of expected credit loss provisioning BIS Quarterly Review March 2017 Other authors: Gerald A. Edwards, Jr.
Aug 2016	International capital flows and financial vulnerabilities in emerging market economies: analysis and data gaps Other authors: Nikola Tarashev and Stefan Avdjiev
Mar 2014	Banks and capital requirements: channels of adjustment BIS Working Papers No 443 Other authors: Michela Scatigna
Sep 2013	How have banks adjusted to higher capital requirements? BIS Quarterly Review September 2013
Jan 2003	Positive feedback trading under stress: Evidence from the US Treasury securities market BIS Working Papers No 122 Other authors: Hyun Song Shin
Aug 2002	Positive feedback trading under stress: evidence from the US Treasury securities market BIS Papers No 12 Other authors: Hyun Song Shin
Jun 2002	Positive feedback trading in the US Treasury market Other authors: Hyun Song Shin
Apr 2001	Information flows during the Asian crisis: evidence from closed-end funds BIS Papers No 2 Other authors: Eli M Remolona
Dec 2000	Information flows during the asian crisis: evidence from closed-end funds BIS Working Papers No 97 Other authors: Eli M Remolona
Mar 1996	Derivatives and asset price volatility: a test using variance ratios BIS Conference Papers No 1

" Banks and capital requirements" (with M Scatigna), Journal of Banking and Finance, vol 29, supp 1, August 2016, pp S56-S69. Also published as BIS Working Papers, no 443 .
" Five questions and six answers about macroprudential policy" (with J Caruana), Banque de France Financial Stability Review, no 18, pp 15-23, 2014.
" Positive feedback trading under stress: evidence from the US Treasury securities market" (with H S Shin), Global Economic Review: Perspectives on East Asian Economies and Industries, vol 42, no 4, pp 314-45, 2013. Also published as BIS Working Papers, no 122.
" Information flows during the Asian crisis: evidence from closed-end funds" (with E Remolona), Journal of International Money and Finance, vol 27, no 4, pp 636-53, 2008. Also published as BIS Working Papers, no 97.
" The unfolding turmoil of 2007-2008: lessons and responses" (with E Remolona), in P Bloxham and C Kent (eds), Lessons from the financial turmoil of 2007 and 2008, Reserve Bank of Australia, pp 7-22, 2008.
" Finanzmärkte und Systemrisiko in Europa" (with A Crockett), in D Hummel and R E Breuer (eds), Handbuch Europäischer Kapitalmarkt, 2001.
" Derivatives, volatility and price discovery", International Finance, vol 2, no 2, pp 167-202, 1999. Also published as BIS Working Papers, no 33.