Working Papers - last 12 months

Date Titles
Apr 2017
No 625

Scarcity effects of QE: A transaction-level analysis in the Bund market

by Kathi Schlepper, Heiko Hofer, Ryan Riordan and Andreas Schrimpf

Apr 2017
No 624

Does exchange rate depreciation have contractionary effects on firm-level investment?

by José María Serena and Ricardo Sousa

Apr 2017
No 623

International inflation spillovers through input linkages

by Raphael Auer, Andrei A Levchenko and Philip Sauré

Mar 2017
No 622

External financing and economic activity in the euro area - why are bank loans special?

by Iñaki Aldasoro and Robert Unger

Mar 2017
No 621

The dynamics of investment projects: evidence from Peru

by Rocío Gondo and Marco Vega

Mar 2017
No 620

Commodity price risk management and fiscal policy in a sovereign default model

by Bernabe Lopez-Martin, Julio Leal and Andre Martinez Fritscher

Mar 2017
No 619

Volatility risk premia and future commodities returns

by José Renato Haas Ornelas and Roberto Baltieri Mauad

Mar 2017
No 618

Business cycles in an oil economy

by Drago Bergholt, Vegard H Larsen and Martin Seneca

Mar 2017
No 617

Oil, equities, and the zero lower bound

by Deepa Datta, Benjamin K Johannsen, Hannah Kwon and Robert J Vigfusson

Mar 2017
No 616

Macro policy responses to natural resource windfalls and the crash in commodity prices

by Frederick van der Ploeg

Mar 2017
No 615

Currency wars or efficient spillovers?

by Anton Korinek

Mar 2017
No 614

Changing business models in international bank funding

by Leonardo Gambacorta, Adrian Van Rixtel and Stefano Schiaffi

Feb 2017
No 613

Risk sharing and real exchange rates: the role of non-tradable sector and trend shocks

by Hüseyin Çağrı Akkoyun, Yavuz Arslan and Mustafa Kılınç

Feb 2017
No 612

Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?

by Claudio Borio and Leonardo Gambacorta

Feb 2017
No 611

The effects of tax on bank liability structure

by Leonardo Gambacorta, Giacomo Ricotti, Suresh Sundaresan and Zhenyu Wang

Feb 2017
No 610

Global impact of US and euro area unconventional monetary policies: a comparison

by Qianying Chen, Marco Jacopo Lombardi, Alex Ross and Feng Zhu

Feb 2017
No 609

Revisiting the commodity curse: a financial perspective

by Enrique Alberola-Ila and Gianluca Benigno

Jan 2017
No 608

Redemption risk and cash hoarding by asset managers

by Stephen Morris, Ilhyock Shim and Hyun Song Shin

Jan 2017
No 607

The real effects of household debt in the short and long run

by Marco Jacopo Lombardi, Madhusudan Mohanty and Ilhyock Shim

Jan 2017
No 606

Market volatility, monetary policy and the term premium

by Sushanta K Mallick, Madhusudan Mohanty and Fabrizio Zampolli

Jan 2017
No 605

Wage and price setting: new evidence from Uruguayan firms

by Fernando Borraz, Gerardo Licandro and Daniela Sola

Jan 2017
No 604

Endogenous wage indexation and aggregate shocks

by Julio A. Carrillo, Gert Peersman and Joris Wauters

Jan 2017
No 603

Multiplex interbank networks and systemic importance - An application to European data

by Iñaki Aldasoro and Ivan Alves

Jan 2017
No 602

The globalisation of inflation: the growing importance of global value chains

by Raphael Auer, Claudio Borio and Andrew Filardo

Jan 2017
No 601

Asymmetric information and the securitization of SME loans

by Ugo Albertazzi, Margherita Bottero, Leonardo Gambacorta and Steven Ongena

Dec 2016
No 600

The currency dimension of the bank lending channel in international monetary transmission

by Előd Takáts and Judit Temesvary

Dec 2016
No 599

Banking industry dynamics and size-dependent capital regulation

by Tirupam Goel

Dec 2016
No 598

Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?

by Mark A Carlson and David C Wheelock

Dec 2016
No 597

Bank networks: contagion, systemic risk and prudential policy

by Iñaki Aldasoro, Domenico Delli Gatti and Ester Faia

Dec 2016
No 596

Macroeconomics of bank capital and liquidity regulations

by Frederic Boissay and Fabrice Collard

Dec 2016
No 595

Bank lending and loan quality: the case of India

by Pallavi Chavan and Leonardo Gambacorta

Dec 2016
No 594

A quantitative case for leaning against the wind

by Andrew Filardo and Phurichai Rungcharoenkitkul

Dec 2016
No 593

The countercyclical capital buffer and the composition of bank lending

by Raphael Auer and Steven Ongena

Nov 2016
No 592

The dollar, bank leverage and the deviation from covered interest parity

by Stefan Avdjiev, Wenxin Du, Catherine Koch and Hyun Song Shin

Nov 2016
No 591

Adding it all up: the macroeconomic impact of Basel III and outstanding reform issues

by Ingo Fender and Ulf Lewrick

Oct 2016
No 590

The failure of covered interest parity: FX hedging demand and costly balance sheets

by Vladyslav Sushko, Claudio Borio, Robert Neil McCauley and Patrick McGuire

Oct 2016
No 589

International prudential policy spillovers: a global perspective

by Stefan Avdjiev, Catherine Koch, Patrick McGuire and Goetz von Peter

Oct 2016
No 588

Macroprudential policies, the long-term interest rate and the exchange rate

by Philip Turner