maturity structure of combined government and central bank debt, and notes that a large part of the official sector debt … explores what these trends imply for the yield curve and for bank lending behaviour, and highlights potential conflicts that …

market economies. We first examine the cross-border financial market impact of central bank announcements of asset purchase … financial linkages using the BIS locational bank lending statistics. The size of the estimated international spillover effects ….Full publication: "http://ssrn.com/abstract=2166373" Are Central Bank Balance Sheets in Asia Too Large? …

Central bank balance sheets in emerging Asia have been expanding rapidly for the past decade, driven primarily by the … without its costs. The unprecedented expansion in the region's central bank balance sheets has increased the carrying cost for … and exchange rate regimes.Full publication: "http://ssrn.com/abstract=2166373" Are Central Bank Balance Sheets in Asia Too …

Central bank balance sheets have been expanding rapidly over the past decade in emerging Asia, due to the unprecedented … rise in foreign reserve assets. We outline the changes in the composition of both assets and liabilities on central bank … financial stability risks that large central bank balance sheets may pose for the region, and discuss the modelling challenges …