Working Papers - 2015

Date Titles
Mar 2015
No 493

Why do we need both liquidity regulations and a lender of last resort? A perspective from Federal Reserve lending during the 2007-09 US financial crisis

by Mark A Carlson, Burcu Duygan-Bump and William Nelson

Feb 2015
No 492

Assessing the CNH-CNY pricing differential: role of fundamentals, contagion and policy

by Michael Funke, Chang Shu, Xiaoqiang Cheng and Sercan Eraslan

Feb 2015
No 491

A dynamic network model of the unsecured interbank lending market

by Francisco Blasques, Falk Bräuning and Iman van Lelyveld

Feb 2015
No 490

Why does financial sector growth crowd out real economic growth?

by Stephen G Cecchetti and Enisse Kharroubi

Feb 2015
No 489

Liquidity and growth: the role of counter-cyclical interest rates

by Philippe Aghion, Emmanuel Farhi and Enisse Kharroubi

Feb 2015
No 488

Bank competition and credit booms

by Phurichai Rungcharoenkitkul

Feb 2015
No 487

The biofuel connection: impact of US regulation on oil and food prices

by Fernando Avalos and Marco Jacopo Lombardi

Feb 2015
No 486

Why did bank lending rates diverge from policy rates after the financial crisis?

by Anamaria Illes, Marco Jacopo Lombardi and Paul Mizen

Feb 2015
No 485

Can demography affect inflation and monetary policy?

by Mikael Juselius and Előd Takáts

Jan 2015
No 484

Bank capital shock propagation via syndicated interconnectedness

by Makoto Nirei, Julián Caballero and Vladyslav Sushko

Jan 2015
No 483

Global dollar credit: links to US monetary policy and leverage

by Robert Neil McCauley, Patrick McGuire and Vladyslav Sushko

Jan 2015
No 482

Secular stagnation, debt overhang and other rationales for sluggish growth, six years on

by Stephanie Lo and Kenneth Rogoff

Jan 2015
No 481

Credit booms: implications for the public and the private sector

by Tano Santos

Jan 2015
No 480

Trilemmas and trade-offs: living with financial globalisation

by Maurice Obstfeld

Jan 2015
No 479

Understanding the role of debt in the financial system

by Bengt Holmstrom