Valentina Bruno | Bank for International Settlements

All BIS publications (10)

BIS Working Paper No 1109 7 Jul 2023

Original sin redux: role of duration risk

We highlight the role of duration and exchange rate risks on portfolio flows by using a unique and comprehensive database of US…

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Valentina Bruno

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BIS Working Paper No 1000 9 Feb 2022

Dollar beta and stock returns

Our finding that the dollar return multiplier is larger than one in all EMEs implies that the dollar-denominated returns tend…

Valentina Bruno

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BIS Working Paper No 819 1 Apr 2020

Dollar and Exports

The strength of the US dollar has attributes of a barometer of dollar credit conditions, with a stronger dollar associated with…

Valentina Bruno

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BIS Working Paper No 753 23 Oct 2018

Currency depreciation and emerging market corporate distress

How do emerging market corporates fare during periods of currency depreciation? We find that non-financial firms that exploit…

Valentina Bruno

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BIS Working Paper No 695 29 Jan 2018

The dollar exchange rate as a global risk factor: evidence from investment

Exchange rate fluctuations influence economic activity not only via the standard trade channel, but also through a financial…

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Valentina Bruno

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Catherine Casanova

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BIS Working Paper No 694 25 Jan 2018

Exchange rates and the working capital channel of trade fluctuations

Global value chains (GVCs) figure prominently in global trade and lie at the intersection of two important themes. The first is…

Valentina Bruno

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BIS Working Paper No 510 27 Aug 2015

Global dollar credit and carry trades: a firm-level analysis

We conduct a firm-level analysis of borrowing in US dollars by non-financial corporates from outside the United States. The…

Valentina Bruno

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BIS Working Paper No 502 11 Jun 2015

Comparative assessment of macroprudential policies

This paper provides a comparative assessment of the effectiveness of macroprudential policies in 12 Asia-Pacific economies,…

Valentina Bruno

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BIS Working Paper No 458 1 Sep 2014

Cross-border banking and global liquidity

Abstract of BIS Working Papers No 458 We investigate global factors associated with bank capital flows. We formulate a model…

Valentina Bruno

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All external publications (12)

External publication 1 Aug 2023

Dollar and exports

in The Review of Financial Studies

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Valentina Bruno

External publication 1 Mar 2022

Dollar beta and stock returns

in Oxford Open Economics

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Valentina Bruno

External publication 1 Oct 2019

Currency depreciation and emerging market corporate distress

in Management Science

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Valentina Bruno

External publication 1 Feb 2019

The dollar exchange rate as a global risk factor: evidence from investment

in IMF Economic Review

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Valentina Bruno

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Cathérine Tahmee Koch

External publication 1 May 2018

Exchange rates and the working capital channel of trade fluctuations

in AEA Papers and Proceedings

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Valentina Bruno

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External publication 1 Mar 2017

Global dollar credit and carry trades: a firm-level analysis

in The Review of Financial Studies

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Valentina Bruno

External publication 1 Feb 2017

Comparative assessment of macroprudential policies

in Journal of Financial Stability

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Valentina Bruno

External publication 1 Apr 2015

Cross-border banking and global liquidity

in The Review of Economic Studies

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Valentina Bruno

External publication 1 Apr 2015

Capital flows and the risk-taking channel of monetary policy

in Journal of Monetary Economics

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Valentina Bruno

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