Claudio Borio

Former Head of the Monetary and Economic Department

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…

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

Claudio Borio

BIS Economic Paper No 28 1 Oct 1990

and

Phurichai Rungcharoenkitkul

External publication 1 Aug 2018

La política monetaria cercada por un movimiento de pinzas

Piti Disyatat

Claudio Borio

Mikael Juselius

and

Phurichai Rungcharoenkitkul

External publication 22 May 2018

Monetary policy in the grip of a pincer movement

Piti Disyatat

Claudio Borio

Mikael Juselius

and

Phurichai Rungcharoenkitkul

External publication 1 Dec 2017

Monetary policy and bank lending in a low interest rate

Claudio Borio

and

Leonardo Gambacorta

External publication 1 Dec 2017

Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?

Claudio Borio

and

Leonardo Gambacorta

External publication 1 Nov 2017

Reshaping our understanding of inflation

Claudio Borio

External publication 1 Sep 2017

Monetary policy, the financial cycle and ultra-low interest rates

Piti Disyatat

Claudio Borio

Mathias Drehmann

and

Mikael Juselius

External publication 19 May 2017

The influence of monetary policy on bank profitability

Boris Hofmann

Claudio Borio

and

Leonardo Gambacorta

External publication 1 May 2017

Fiscal sustainability and the financial cycle

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…

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…

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…

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…

Claudio Borio

All videos (80)

01:33:37

Policy lessons and the future of unconventional monetary policy

Video 6 Nov 2015

Policy lessons and the future of unconventional monetary policy

Claudio Borio explains that today's persistently low rates are not "equilibrium" rates because of their long-term costs…

Claudio Borio

Lael Brainard

and

Maurice Obstfeld

00:16:09

EME vulnerabilities take centre stage

Video 11 Sep 2015

EME vulnerabilities take centre stage

Media briefing for the September 2015 BIS Quarterly Review.

Claudio Borio

and

Hyun Song Shin

00:17:19

Credit booms and credit busts

Video 10 Jul 2015

Credit booms and credit busts

In this interview, Claudio Borio speaks with INET's Marshall Auerback on the need to strengthen the macroprudential orientation…

Claudio Borio

00:20:23

Persistent unusually low interest rates. Why? What consequences?

Video 28 Jun 2015

Persistent unusually low interest rates. Why? What consequences?

In his presentation, Claudio Borio develops a core theme of the 85th BIS Annual Report, that persistent unusually low interest…

Claudio Borio

00:07:54

Is the unthinkable becoming routine?

Video 24 Jun 2015

Is the unthinkable becoming routine?

Media briefing for BIS 85th Annual Report.

Claudio Borio

01:48:06

The international monetary and financial system: its Achilles heel and what to do about it

Video 9 Apr 2015

The international monetary and financial system: its Achilles heel and what to do about it

In his presentation, Claudio Borio argues that the Achilles heel of the international monetary and financial system is that it…

Claudio Borio

and

Hélène Rey

00:49:24

Monetary policy: the new normal

Video 10 Oct 2014

Monetary policy: the new normal

Claudio Borio participates in a panel discussion at the IIF's Annual Meeting. (Claudio Borio at 20:39, 35:09 and 54:44)

Claudio Borio

Vítor Constâncio

and

Martin Feldstein

00:29:49

Macroprudential policy and the financial cycle: some stylised facts and policy suggestions

Video 16 Apr 2013

Macroprudential policy and the financial cycle: some stylised facts and policy suggestions

In his panel remarks, Claudio Borio maintains that the financial cycle - which is the main source of systemic risk - should be…

Claudio Borio

and

Stanley Fischer

All podcasts (17)

00:39:50

Podcast 24 Feb 2023

Media briefing on the BIS Quarterly Review, March 2023

Claudio Borio and Hyun Song Shin summarize the March 2023 Quarterly Review and answer journalists' questions about market…

Claudio Borio

and

Hyun Song Shin

0:00 0:00

Podcast 2 Dec 2022

Persistent risks in foreign exchange trades, hidden dollar debt

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS December 2022 Quarterly Review and answer…

Claudio Borio

and

Hyun Song Shin

0:00 0:00

00:23:30

Podcast 19 Sep 2022

Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review

Claudio Borio and Hyun Song Shin summarize the September 2022 Quarterly Review and answer journalists' questions about market…

Claudio Borio

and

Hyun Song Shin

0:00 0:00

00:13:10

Podcast 26 Jun 2022

Inflation: looking under the hood

The recent surge in inflation has underscored the need to "look under the hood" to better understand how relative price changes…

Claudio Borio

0:00 0:00

00:10:07

Podcast 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…

Claudio Borio

0:00 0:00

21:23:00

Podcast 30 Jun 2020

The central bank response to the Covid-19 crisis

Agustin Carstens discusses the monetary and fiscal response to the Covid-19 pandemic and the challenges facing central banks…

Claudio Borio

and

Agustín Carstens

0:00 0:00

00:09:42

Podcast 22 Sep 2019

Markets swing on trade and monetary policy

Claudio Borio sat down on 19 Sept to discuss the Bank for International Settlements' latest Quarterly Review, which tells a…

Claudio Borio

0:00 0:00

00:08:39

Podcast 30 Jun 2019

Monetary policy frameworks in emerging markets

Claudio Borio explains the particular challenges for emerging market central banks in setting monetary policy and the multiple…

Claudio Borio

0:00 0:00

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Claudio Borio

Former Head of the Monetary and Economic Department

All BIS publications (94)

The nature and management of payment system risks: an international perspective

Financial arrangements, 'soft' budget constraints and inflation: lessons from the Yugoslav experience

Banks' involvement in highly leveraged transactions

Leverage and financing of non-financial companies: an international perspective

All external publications (130)

The "real" illusion: how monetary factors matter in low-for-long rates

La política monetaria cercada por un movimiento de pinzas

Monetary policy in the grip of a pincer movement

Monetary policy and bank lending in a low interest rate

Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?

Reshaping our understanding of inflation

Monetary policy, the financial cycle and ultra-low interest rates

The influence of monetary policy on bank profitability

Fiscal sustainability and the financial cycle

All speeches (76)

The international monetary and financial system: Its Achilles heel and what to do about it

Macroprudential frameworks: (too) great expectations?

The financial cycle, the debt trap and secular stagnation

On time, stocks and flows: Understanding the global macroeconomic challenges

All videos (80)

Policy lessons and the future of unconventional monetary policy

EME vulnerabilities take centre stage

Credit booms and credit busts

Persistent unusually low interest rates. Why? What consequences?

Is the unthinkable becoming routine?

The international monetary and financial system: its Achilles heel and what to do about it

Monetary policy: the new normal

Macroprudential policy and the financial cycle: some stylised facts and policy suggestions

All podcasts (17)

Media briefing on the BIS Quarterly Review, March 2023

Persistent risks in foreign exchange trades, hidden dollar debt

Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review

Inflation: looking under the hood

The distributional footprint of monetary policy

The central bank response to the Covid-19 crisis

Markets swing on trade and monetary policy

Monetary policy frameworks in emerging markets

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