Working Papers - 2017

Date Titles
Dec 2017
No 679

Syndicated loans and CDS positioning

by Iñaki Aldasoro and Andreas Barth

Nov 2017
No 678

CoCo issuance and bank fragility

by Stefan Avdjiev, Bilyana Bogdanova, Patrick Bolton, Wei Jiang and Anastasia Kartasheva

Nov 2017
No 677

Macroeconomic implications of financial imperfections: a survey

by Stijn Claessens and M Ayhan Kose

Nov 2017
No 676

Asset prices and macroeconomic outcomes: a survey

by Stijn Claessens and M Ayhan Kose

Nov 2017
No 675

Macroprudential Policies in Peru: The effects of Dynamic Provisioning and Conditional Reserve Requirements

by Elias Minaya, José Lupú and Miguel Cabello

Nov 2017
No 674

Credit supply responses to reserve requirement: loan-level evidence from macroprudential policy

by João Barata R B Barroso, Rodrigo Barbone Gonzalez and Bernardus F Nazar Van Doornik

Nov 2017
No 673

Loan-to-value policy and housing finance: effects on constrained borrowers

by Douglas Kiarelly Godoy de Araujo, João Barata R B Barroso and Rodrigo Barbone Gonzalez

Nov 2017
No 672

Capital and currency-based macroprudential policies: an evaluation using credit registry data

by Horacio A Aguirre and Gastón Repetto

Nov 2017
No 671

Capital misallocation and financial development: A sector-level analysis

by Daniela Marconi and Christian Upper

Nov 2017
No 670

Policy Rules for Capital Controls

by Gurnain Kaur Pasricha

Nov 2017
No 669

Credit misallocation during the European financial crisis

by Fabiano Schivardi, Enrico Sette and Guido Tabellini

Oct 2017
No 668

Financial and real shocks and the effectiveness of monetary and macroprudential policies in Latin American countries

by Javier Garcia-Cicco, Markus Kirchner, Julio Carrillo, Diego Rodríguez, Fernando Perez, Rocío Gondo, Carlos Montoro and Roberto Chang

Oct 2017
No 667

Modeling Time-Varying Uncertainty of Multiple-Horizon Forecast Errors

by Todd E Clark, Michael W McCracken and Elmar Mertens

Oct 2017
No 666

Bank capital allocation under multiple constraints

by Tirupam Goel, Ulf Lewrick and Nikola Tarashev

Oct 2017
No 665

Interest rates and house prices in the United States and around the world

by Gregory Sutton, Dubravko Mihaljek and Agnė Subelytė

Oct 2017
No 664

Is the price right? Swing pricing and investor redemptions

by Ulf Lewrick and Jochen Schanz

Oct 2017
No 663

Liquidity risk in markets with trading frictions: What can swing pricing achieve?

by Ulf Lewrick and Jochen Schanz

Sep 2017
No 662

The real effects of relationship lending

by Ryan Niladri Banerjee, Leonardo Gambacorta and Enrico Sette

Aug 2017
No 661

How important is the Global Financial Cycle? Evidence from capital flows

by Eugenio Cerutti, Stijn Claessens and Andrew K Rose

Aug 2017
No 660

Informal one-sided target zone model and the Swiss franc

by Yu-Fu Chen, Michael Funke and Richhild Moessner

Aug 2017
No 659

Effects of capital controls on foreign exchange liquidity

by Carlos Cantú

Aug 2017
No 658

The Distance Effect in Banking and Trade

by Michael Brei and Goetz von Peter

Aug 2017
No 657

Quality Pricing-to-Market

by Raphael Auer, Thomas Chaney and Philip Sauré

Aug 2017
No 656

Demographics will reverse three multi-decade global trends

by Charles Goodhart and Manoj Pradhan

Aug 2017
No 655

The FinTech Opportunity

by Thomas Philippon

Aug 2017
No 654

World changes in inequality: an overview of facts, causes, consequences and policies

by François Bourguignon

Aug 2017
No 653

Dollar pricing redux

by Camila Casas, Federico Díez, Gita Gopinath and Pierre-Olivier Gourinchas

Jul 2017
No 652

The discontinuation of the EUR/CHF minimum exchange rate in January 2015: was it expected?

by Michael Funke, Julius Loermann and Richhild Moessner

Jul 2017
No 651

Segmented money markets and covered interest parity arbitrage

by Dagfinn Rime, Andreas Schrimpf and Olav Syrstad

Jun 2017
No 650

Financial deglobalisation in banking?

by Robert Neil McCauley, Agustín S Bénétrix, Patrick McGuire and Goetz von Peter

Jun 2017
No 649

Monetary policy transmission and trade-offs in the United States: Old and new

by Boris Hofmann and Gert Peersman

Jun 2017
No 648

Credit ratings of domestic and global agencies: What drives the differences in China and how are they priced?

by Xianfeng Jiang and Frank Packer

Jun 2017
No 647

The evolution of inflation expectations in Japan

by Masazumi Hattori and James Yetman

Jun 2017
No 646

Macroprudential policy and bank risk

by Yener Altunbas, Mahir Binici and Leonardo Gambacorta

Jun 2017
No 645

Accounting for debt service: the painful legacy of credit booms

by Mathias Drehmann, Mikael Juselius and Anton Korinek

Jun 2017
No 644

The shifting drivers of global liquidity

by Stefan Avdjiev, Leonardo Gambacorta, Linda Goldberg and Stefano Schiaffi

Jun 2017
No 643

The international dimensions of macroprudential policies

by Pierre-Richard Agénor, Enisse Kharroubi, Leonardo Gambacorta, Giovanni Lombardo and Luiz Awazu Pereira da Silva

Jun 2017
No 642

The effects of monetary policy shocks on inequality in Japan

by Masayuki Inui, Nao Sudo and Tomoaki Yamada

Jun 2017
No 641

China's evolving monetary policy rule: from inflation-accommodating to anti-inflation policy

by Eric Girardin, Sandrine Lunven and Guonan Ma

May 2017
No 640

Understanding the determinants of financial outcomes and choices: the role of noncognitive abilities

by Gianpaolo Parise and Kim Peijnenburg