Claudio

Claudio Borio

Head of the Monetary and Economic Department
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. Claudio is author of numerous publications in the fields of monetary policy, banking, finance and issues related to financial stability.

Fields of interest

  • Monetary economics and policy
  • Financial stability
  • Banking and finance

Date BIS research papers
Sep 2017

FX swaps and forwards: missing global debt?

BIS Quarterly Review September 2017

Other authors: Robert Neil McCauley and Patrick McGuire

Apr 2017

Is monetary policy less effective when interest rates are persistently low?

BIS Working Papers No 628

Other authors: Boris Hofmann

Feb 2017

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

BIS Working Papers No 612

Other authors: Leonardo Gambacorta

Jan 2017

The globalisation of inflation: the growing importance of global value chains

BIS Working Papers No 602

Other authors: Raphael Auer and Andrew Filardo

Oct 2016

The failure of covered interest parity: FX hedging demand and costly balance sheets

BIS Working Papers No 590

Other authors: Vladyslav Sushko, Robert Neil McCauley and Patrick McGuire

Sep 2016

Covered interest parity lost: understanding the cross-currency basis

BIS Quarterly Review September 2016

Other authors: Robert Neil McCauley, Patrick McGuire and Vladyslav Sushko

Jul 2016

Unconventional monetary policies: a re-appraisal

BIS Working Papers No 570

Other authors: Anna Zabai

Jul 2016

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

BIS Working Papers No 569

Other authors: Mikael Juselius, Piti Disyatat and Mathias Drehmann

Mar 2016

Fiscal sustainability and the financial cycle

BIS Working Papers No 552

Other authors: Marco Jacopo Lombardi and Fabrizio Zampolli

Jan 2016

Labour reallocation and productivity dynamics: financial causes, real consequences

BIS Working Papers No 534

Other authors: Enisse Kharroubi, Christian Upper and Fabrizio Zampolli

Date Speeches
22 Sep 2017

Through the looking glass

Lecture by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the OMFIF City Lecture, London, 22 September 2017.

25 Jun 2017

How much do we really know about inflation?

Presentation on the BIS Annual Report by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, on the occasion of the Bank's Annual General Meeting, Basel, 25 June 2017.

21 Jun 2017

Claudio Borio interview with Grupo Consejeros

Original quotes from interview with Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, with Grupo Consejeros, conducted by Ms Ana Fuentes on 21 June 2017.

07 Mar 2017

Secular stagnation or financial cycle drag?

Keynote speech by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the National Association for Business Economics, 33rd Economic Policy Conference, Washington DC, 5-7 March 2017.

06 Dec 2016

Monetary policy has been stretched to its limits

Original quotes from interview with Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, in Süddeutsche Zeitung, conducted by Mr Markus Zydra and published on 30 November 2016.

28 Nov 2016

The banking industry: struggling to move on

Keynote speech by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the Fifth EBA Research Workshop on "Competition in banking: implications for financial regulation and supervision", London, 28-29 November 2016.

14 Sep 2016

Towards a financial stability-oriented monetary policy framework?

Presentation by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the "Central banking in times of change" - conference on the occasion of the 200th anniversary of the Central Bank of the Republic of Austria, Vienna, 13-14 September 2016.

06 Sep 2016

"Helicopter money" - reality bites

Commentary by Mr Claudio Borio, Head of the Monetary and Economic Department of the Bank for International Settlements, and MrPiti Disyatat, Executive Director of the Puey Ungphakorn Institute for Economic Research, Bank of Thailand, in Nikkei Asian Review, published on 4 September 2016.

26 Jun 2016

Towards financial stability-oriented monetary policy? Some evidence

Presentation on the BIS Annual Report by Mr Claudio Borio, Head of the Monetary and Economic Department, on the occasion of the Bank's Annual General Meeting, Basel, 26 June 2016.

10 May 2016

More pluralism, more stability?

Presentation by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the Seventh high-level SNB-IMF conference on the international monetary system, Zurich, 10 May 2016.