Emanuel Kohlscheen

Senior Economist

Monetary and Economic Department, Macroeconomic Analysis

Emanuel Kohlscheen joined the BIS in the summer of 2014. Previously, he was a Senior Adviser in the Research Department of the Brazilian central bank and a faculty member of the economics department at the University of Warwick in the United Kingdom. His research has focused on issues that are relevant for policymakers in emerging market economies, such as the variations in sovereign risk and the determinants of exchange rates. He earned his PhD in 2004 from the Institute for International Economic Studies in Stockholm.

Fields of interest

Exchange rates
Commodities
Sovereign debt
Monetary policy

Date	BIS research papers
Mar 2017	Consumption-led expansions BIS Quarterly Review March 2017 Other authors: Enisse Kharroubi
Sep 2016	Foreign exchange market intervention in EMEs: what has changed? BIS Quarterly Review September 2016 Other authors: Dietrich Domanski and Ramon Moreno
Mar 2016	When the walk is not random: commodity prices and exchange rates BIS Working Papers No 551 Other authors: Fernando Avalos and Andreas Schrimpf
Mar 2016	Moving in tandem: bank provisioning in emerging market economies BIS Working Papers No 548 Other authors: Andrés Murcia Pabón
Nov 2015	Changing financial intermediation: implications for monetary policy transmission BIS Papers No 83 Other authors: Phurichai Rungcharoenkitkul
Mar 2015	The transmission of monetary policy in EMEs in a changing financial environment: a longitudinal analysis BIS Working Papers No 495 Other authors: Ken Miyajima
Aug 2014	What have central banks in EMEs learned about the international transmission of monetary policy in recent years? BIS Papers No 78 Other authors: João Barata R B Barroso and Eduardo J A Lima
Sep 2013	Order flow and the real: indirect evidence of the effectiveness of sterilized interventions BIS Working Papers No 426

" When the walk is not random: commodity prices and exchange rates" (with F Avalos and A Schrimpf), International Journal of Central Banking, vol 13, no 2, June 2017, pp 121-58. Also published as BIS Working Papers, no 551.
" Official FX interventions through derivatives" (with S Andrade), Journal of International Money and Finance, vol 47, October 2014, pp 202-16.
" Long-run determinants of the Brazilian real: a closer look at commodities", International Journal of Finance and Economics, vol 19, no 4, October 2014, pp 239-50.
" Uma nota sobre erros de previsão da inflação de curto-prazo", Revista Brasileira de Economia, vol 66, no 3, 2012, pp 289-97.
" Emerging floaters: pass-throughs and (some) new commodity currencies", Journal of International Money and Finance, vol 29, no 8, December 2010, pp 1580-95.
" Domestic vs external debt servicing: an empirical analysis", International Journal of Finance and Economics, vol 15, no 1, 2010, pp 93-103.
" Sovereign risk: constitutions rule", Oxford Economic Papers, vol 62, no 1, 2010, pp 62-85.
" International liquidity swaps: is the Chiang Mai Initiative pooling reserves efficiently?" (with M P Taylor), International Journal of Finance and Economics, vol 13, no 4, 2010, pp 323-32.
" Debt bailouts and constitutions", Economic Inquiry, vol 46, no 3, 2008, pp 480-92.
" Why are there serial defaulters? Evidence from constitutions", Journal of Law and Economics, vol 50, no 4, 2007, pp 713-30.