Similar Search Results

Interventions and inflation expectations in an inflation targeting economy

Pincheira, Pablo - Bank for International Settlements (BIS) - 2013

In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional forecasters carried out by the Central Bank of Chile. We...

Persistent link: https://www.econbiz.de/10010849792

Foreign exchange intervention: strategies and effectiveness

Chutasripanich, Nuttathum; Yetman, James - Bank for International Settlements (BIS) - 2015

Foreign exchange intervention has been actively used as a policy tool in many economies in Asia and elsewhere. In this …

Persistent link: https://www.econbiz.de/10011210515

Transmitting global liquidity to East Asia: policy rates, bond yields, currencies and dollar credit

He, Dong; McCauley, Robert N - Bank for International Settlements (BIS) - 2013

advanced economies to East Asia through monetary policy reactions, integrated bond markets and induced currency appreciation …

Persistent link: https://www.econbiz.de/10010723569

Chronicle of currency collapses: re-examining the effects on output

Bussière, Matthieu; Saxena, Sweta c; Tovar, Camilo - Bank for International Settlements (BIS) - 2010

The impact of currency collapses (ie large nominal depreciations or devaluations) on real output remains unsettled in the empirical macroeconomic literature. This paper provides new empirical evidence on this relationship using a dataset for 108 emerging and developing economies for the period...

Persistent link: https://www.econbiz.de/10008550158

Almost a century of central bank cooperation

Cooper, Richard N - Bank for International Settlements (BIS) - 2006

This paper reviews 80 years of cooperation among central banks. Diverse modes of collaboration are identified, ranging from simple exchange of relevant information to mutual financial support and coordination of monetary actions. Central bank cooperation got off to a rocky start in the 1930s,...

Persistent link: https://www.econbiz.de/10005063353

An equilibrum model of "global imbalances" and low interest rates

Caballero, Ricardo J; Farhi, Emmanuel; Gourinchas, … - Bank for International Settlements (BIS) - 2006

Three of the most important recent facts in global macroeconomics - the sustained rise in the US current account deficit, the stubborn decline in long run real rates, and the rise in the share of US assets in global portfolio - appear as anomalies from the perspective of conventional wisdom and...

Persistent link: https://www.econbiz.de/10005121441

Banks and financial intermediation in emerging Asia: reforms and new risks

Mohanty, Madhusudan; Turner, Philip - Bank for International Settlements (BIS) - 2010

banking systems in Asia. Banks have become better capitalised, external exposures have been reduced and credit risk has been …. How these conditions will change and how this will affect banks in Asia is uncertain. Supervisory authorities therefore … need to be sure that the present very liquid position of most banking systems in Asia does not allow significant (but so …

Persistent link: https://www.econbiz.de/10008599340

The impact of CDS trading on the bond market: evidence from Asia

Shim, Ilhyock; Zhu, Haibin - Bank for International Settlements (BIS) - 2010

This paper investigates the impact of CDS trading on the development of the bond market in Asia. In general, CDS …

Persistent link: https://www.econbiz.de/10008763377

Housing finance agencies in Asia

Davies, Michael; Gyntelberg, Jacob; Chan, Eric - Bank for International Settlements (BIS) - 2007

This paper examines the role of government-supported housing finance agencies in Asia. We estimate the size of the … themselves. We have three main findings. The level of government support provided to housing finance agencies in Asia varies, but …

Persistent link: https://www.econbiz.de/10005121413

Monetary policy in a downturn: Are financial crises special?

Bech, Morten; Gambacorta, Leonardo - Bank for International Settlements (BIS) - 2012

Accommodative monetary policy during the financial crisis was instrumental in preventing a deeper recession. Views differ, however, on how long such measures should be kept in place. At the heart of this debate is the notion that a protracted period of policy accommodation could create...

Persistent link: https://www.econbiz.de/10010849783