Claudio Borio

Claudio Borio

Former Head of the Monetary and Economic Department

Claudio Borio was appointed Head of the Monetary and Economic Department on 18 November 2013.

At the BIS since 1987, Mr Borio has held various positions in the Monetary and Economic Department (MED), including Deputy Head of MED and Director of Research and Statistics as well as Head of Secretariat for the Committee on the Global Financial System and the Gold and Foreign Exchange Committee (now the Markets Committee).

From 1985 to 1987, he was an economist at the OECD, working in the country studies branch of the Economics and Statistics Department. Prior to that, he was Lecturer and Research Fellow at Brasenose College, Oxford University. He holds a DPhil and an MPhil in Economics and a BA in Politics, Philosophy and Economics from the same university.

All BIS publications (94)

BIS Economic Paper No 36 1 Feb 1993
The nature and management of payment system risks: an international perspective
Over the last two decades rapid technological change, deregulation and a tendency for asset prices to display greater…
By
Claudio Borio
and
Paul Van den Bergh
BIS Working Paper No 15 1 Nov 1990
Financial arrangements, 'soft' budget constraints and inflation: lessons from the Yugoslav experience
Abstract of BIS Working Papers No. 15
By
Claudio Borio
BIS Economic Paper No 28 1 Oct 1990
Banks' involvement in highly leveraged transactions
Since the early 1980s there has been a surge in merger and acquisition activity and other corporate restructurings around the…
By
Claudio Borio
BIS Economic Paper No 27 1 May 1990
Leverage and financing of non-financial companies: an international perspective
The financing mix and leverage of non-financial companies have historically differed substantially across countries. This paper…
By
Claudio Borio

All external publications (130)

External publication 1 Mar 2021
Central banks and the Covid-19 economic crisis
in Monetary policy and central banking in the Covid era
By
Claudio Borio
External publication 1 Jan 2021
Is inflation dead or hibernating?
in SUERF Policy Brief
By
Claudio Borio
External publication 22 Dec 2020
The long shadow of monetary policy
in VoxEU
By
Piti Disyatat
,
Claudio Borio
and
Phurichai Rungcharoenkitkul
External publication 1 Dec 2020
Forecasting recessions: the importance of the financial cycle
in Journal of Macroeconomics
By
Claudio Borio
,
Mathias Drehmann
and
Dora Xia
External publication 1 Feb 2020
Bank intermediation activity in a low interest rate environment
in Economic Notes
By
Claudio Borio
,
Leonardo Gambacorta
and
Michael Brei
External publication 10 Dec 2019
Discussion of the paper "EU response to the financial crisis and the economic recession" by M Marchesi and Nava
in Capital markets union and beyond
By
Claudio Borio
External publication 30 Oct 2019
A blind spot in today's macroeconomics?
in The productivity puzzle: restoring economic dynamism
By
Claudio Borio
External publication 1 May 2019
On money, debt, trust and central banking
in Cato Journal
By
Claudio Borio
External publication 21 Mar 2019
New loan provisioning standards and procyclicality
in Financial Stability Review
By
Claudio Borio

All speeches (76)

Speech 9 Apr 2015
The international monetary and financial system: Its Achilles heel and what to do about it
Presentation by Mr Claudio Borio, Head of Monetary and Economic Department of the BIS, at the INET conference "New Economic…
By
Claudio Borio
Speech 13 Aug 2014
Macroprudential frameworks: (too) great expectations?
Contribution by Mr Claudio Borio, Head of the Monetary and Economic Department of the Bank for International Settlements, to…
By
Claudio Borio
Speech 29 Jun 2014
The financial cycle, the debt trap and secular stagnation
Presentation by Claudio Borio, Head of the Monetary and Economic Department, on the occasion of the Bank's Annual General…
By
Claudio Borio
Speech 9 Nov 2012
On time, stocks and flows: Understanding the global macroeconomic challenges
Essay prepared for a lecture by Claudio Borio, Deputy Head of Monetary and Economic Department and Director of Research and…
By
Claudio Borio

All videos (80)

00:33:12
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Homo Faber - Italia video & podcast
Video 10 Jul 2021
Homo Faber - Italia video & podcast
In this podcast interview, Claudio Borio reflects on his personal experiences as an Italian professional abroad.
By
Claudio Borio
00:15:32
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The distributional footprint of monetary policy
Video 29 Jun 2021
The distributional footprint of monetary policy
In his speech at the 91st BIS AGM, Claudio Borio reflects on the relationship between monetary policy and inequality.
By
Claudio Borio
00:02:03
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The distributional footprint of monetary policy
Video 29 Jun 2021
The distributional footprint of monetary policy
Claudio Borio discusses the nexus between inequality and monetary policy, as outlined in Chapter II of the BIS Annual Economic…
By
Claudio Borio
00:51:31
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BIS Media Briefing - Annual Economic Report 2021
Video 28 Jun 2021
BIS Media Briefing - Annual Economic Report 2021
Carstens, Pereira, Borio and Shin brief the media on the main messages of the Annual Economic Report. 
By
Claudio Borio
,
Hyun Song Shin
,
Agustín Carstens
and
Luiz Awazu Pereira da Silva
00:33:55
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BIS Quarterly Review, March 2021 - media briefing
Video 1 Mar 2021
BIS Quarterly Review, March 2021 - media briefing
Borio and Shin brief the media on the key takeaways of the BIS March 2021 Quarterly Report.
By
Claudio Borio
and
Hyun Song Shin
12:26:53
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BIS Quarterly Review, December 2020 - media briefing
Video 7 Dec 2020
BIS Quarterly Review, December 2020 - media briefing
Borio and Shin brief the media on the key takeaways of the BIS December 2020 Quarterly Report.
By
Claudio Borio
and
Hyun Song Shin
56:24:00
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Claudio Borio at Room for Discussion
Video 16 Nov 2020
Claudio Borio at Room for Discussion
Claudio Borio speaks about why we need a central bank for central banks and how the BIS can help address the challenges posed…
By
Claudio Borio
00:18:22
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Is inflation dead or hibernating?
Video 5 Oct 2020
Is inflation dead or hibernating?
Claudio Borio spoke at the Barclays 24th Annual Global Inflation Conference, concluding that inflation is not dead, just in…
By
Claudio Borio
00:33:47
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BIS Quarterly Review, September 2020 - media briefing
Video 14 Sep 2020
BIS Quarterly Review, September 2020 - media briefing
Borio and Shin brief the media on the key takeaways of the BIS September 2020 Quarterly Report.
By
Claudio Borio
and
Hyun Song Shin

All podcasts (17)

00:46:22
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Podcast 9 Dec 2024
Media briefing on the BIS Quarterly Review, December 2024
Claudio Borio and Hyun Song Shin summarise the December 2024 Quarterly Review and answer journalists' questions about financial…
By
Claudio Borio
and
Hyun Song Shin
0:00 0:00
00:32:03
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Podcast 16 Sep 2024
Media briefing on the BIS Quarterly Review, September 2024
Claudio Borio and Hyun Song Shin summarise the September 2024 Quarterly Review and answer journalists' questions about…
By
Claudio Borio
and
Hyun Song Shin
0:00 0:00
00:17:46
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Podcast 30 Jun 2024
Monetary policy in the 21st century: lessons learned and challenges ahead
Claudio Borio discusses the lessons learned for monetary policy from the extraordinary events of the past 25 years, and looks…
By
Claudio Borio
0:00 0:00
00:32:21
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Podcast 4 Mar 2024
Media briefing on the BIS Quarterly Review, March 2024
Claudio Borio and Hyun Song Shin summarise the March 2024 Quarterly Review and answer journalists' questions about financial…
By
Claudio Borio
and
Hyun Song Shin
0:00 0:00
00:50:58
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Podcast 8 Jan 2024
The future of central bank operating systems
Claudio Borio talks about central bank operating systems and the challenge of large balance sheets at central banks. 
By
Claudio Borio
0:00 0:00
00:37:10
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Podcast 4 Dec 2023
Media briefing on the BIS Quarterly Review, December 2023
Claudio Borio and Hyun Song Shin summarise the December 2023 Quarterly Review and answer journalists' questions about financial…
By
Claudio Borio
and
Hyun Song Shin
0:00 0:00
00:35:42
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Podcast 18 Sep 2023
Media briefing on the BIS Quarterly Review, September 2023
Claudio Borio and Hyun Song Shin summarise the September 2023 Quarterly Review and answer journalists' questions about…
By
Claudio Borio
and
Hyun Song Shin
0:00 0:00
00:29:00
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Podcast 4 Jul 2023
Why central banks cannot relax in inflation fight
Claudio Borio speaks to Francesco Guerrera about inflation, monetary policy and financial stability risks.
By
Claudio Borio
0:00 0:00
00:26:06
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Podcast 25 Jun 2023
Monetary and fiscal policy interactions
Claudio Borio offers a historic perspective on the interaction of fiscal and monetary policy to better understand the…
By
Claudio Borio
0:00 0:00

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