Michael Chui

Principal Economist

Monetary and Economic Department, Emerging Markets

All BIS publications (10)

image of the earth focusing on Africa continent

BIS Bulletin No 132 11 Aug 2026

Africa's public debt amid global headwinds: balancing resilience and vulnerabilities

The conflict in the Middle East has raised energy and fertiliser prices, weakened growth and intensified fiscal pressures…

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Leonardo Gambacorta

The rise and risks of synthetic risk transfers

Publication 16 Mar 2026

The rise and risks of synthetic risk transfers

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Costas Stephanou

BIS Bulletin No 109

BIS Bulletin No 109 18 Jul 2025

Navigating global headwinds: Africa's trade landscape and growth opportunities

Africa is not immune from trade challenges. Its direct exposure to new US tariffs is relatively limited, but indirect effects…

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Leonardo Gambacorta

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Emanuel Kohlscheen

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BIS Bulletin No 103

BIS Bulletin No 103 11 Jun 2025

Investment in an increasingly uncertain global landscape

Private business fixed investment has fallen or remained flat in advanced economies for decades, with a recent levelling-off…

Matthias Burgert

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Fabrizio Zampolli

BIS Bulletin No 101

BIS Bulletin No 101 4 Jun 2025

Elasticity in the monetary system

Today's two-tier monetary system performs a crucial role: providing money in an elastic way through overdrafts and lines of…

Ryan Niladri Banerjee

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Jose María Vidal Pastor

BIS Bulletin No 68 7 Feb 2023

Why are central banks reporting losses? Does it matter?

This bulletin explores why central banks are reporting losses, highlighting that rising interest rates and asset valuation…

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Paul Moser-Boehm

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Albert Pierres Tejada

BIS Working Paper No 947 7 Jun 2021

Money, technology and banking: what lessons can China teach the rest of the world?

Technology companies entering the financial services industry have become a global phenomenon over the past decade. This trend…

Publication 11 Mar 2018

Mortgages, developers and property prices

This special feature studies the risks posed by the rapid rise in property developer debt in several Asian economies in recent…

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Christian Upper

BIS Working Paper No 550 17 Mar 2016

A new dimension to currency mismatches in the emerging markets - non-financial companies

A new dimension to currency mismatches has been created by policies that have increased global liquidity. Lower policy rates…

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All external publications (3)

External publication 1 Dec 2004

Financial systems in Europe, the USA and Asia

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Angela Maddaloni

External publication 1 Mar 2002

Sovereign liquidity crises: analytics and implications for public policy

Andrew G Haldane

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External publication 1 Aug 2001

Winners and losers in a North-South model of growth, innovation and product cycles

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Joseph Pearlman

All speeches (1)

Speech 3 Oct 2017

Avoiding "regulatory wars" using international coordination of macroprudential policies

Article by Luiz Awazu Pereira da Silva and Michael Chui, based on panel remarks at the Seminar on Financial Volatility and…

Luiz Awazu Pereira da Silva

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