Details about Raphael Auer

Homepage:	https://sites.google.com/site/raphaelauer/home
Postal address:	Centralbahnplatz 2 4051 Basel Swizerland
Workplace:	Bank for International Settlements (BIS), (more information at EDIRC)

Access statistics for papers by Raphael Auer.

Last updated 2025-06-08. Update your information in the RePEc Author Service.

Short-id: pau28

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Working Papers

2016

Dynamic Entry in Vertically Differentiated Markets
CESifo Working Paper Series, CESifo
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (5)
See also Journal Article Dynamic entry in vertically differentiated markets, Journal of Economic Theory, Elsevier (2017) View citations (4) (2017)
The banking sector and the Swiss financial account during the financial and European debt crises
Working Papers, Swiss National Bank View citations (7)
See also Journal Article The banking sector and the Swiss financial account during the financial and European debt crises, Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research (2016) View citations (10) (2016)

2015

Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
Also in Working Papers, Swiss National Bank, Study Center Gerzensee (2014) View citations (1)
Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2011)
CESifo Working Paper Series, CESifo (2012) View citations (5)
Working Papers, Swiss National Bank (2012) View citations (12)
See also Journal Article Exchange Rate Pass‐Through, Domestic Competition, and Inflation: Evidence from the 2005–08 Revaluation of the Renminbi, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (6) (2015)
Human Capital and the Dynamic Effects of Trade
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)
See also Journal Article Human capital and the dynamic effects of trade, Journal of Development Economics, Elsevier (2015) View citations (20) (2015)
Market Structure and Exchange Rate Pass-Through
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2012) View citations (48)
Working Papers, Brandeis University, Department of Economics and International Business School (2013) View citations (16)
Working Papers, Swiss National Bank (2012) View citations (30)
See also Journal Article Market structure and exchange rate pass-through, Journal of International Economics, Elsevier (2016) View citations (104) (2016)

2014

The Mode of Competition between Foreign and Domestic Goods, Pass-Through, and External Adjustment
2014 Meeting Papers, Society for Economic Dynamics View citations (4)
Trade Linkages and the Globalisation of Inflation in Asia and the Pacific
CESifo Working Paper Series, CESifo View citations (55)
Also in Working Papers, Swiss National Bank, Study Center Gerzensee (2014) View citations (53)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (53)
Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (41)
Working Papers, Swiss National Bank (2014) View citations (55)
BIS Working Papers, Bank for International Settlements (2014) View citations (53)
See also Journal Article Trade linkages and the globalisation of inflation in Asia and the Pacific, Journal of International Money and Finance, Elsevier (2014) View citations (51) (2014)

2013

Product Heterogeneity, Cross-Country Taste Differences, and the Consumption Home Bias
Working Papers, Swiss National Bank, Study Center Gerzensee View citations (5)
What Drives Target2 Balances? Evidence From a Panel Analysis
Working Papers, Swiss National Bank, Study Center Gerzensee View citations (18)
Also in CESifo Working Paper Series, CESifo (2013) View citations (12)
Working Papers, Swiss National Bank (2012) View citations (12)
See also Journal Article What drives TARGET2 balances? Evidence from a panel analysis, Economic Policy, CEPR, CESifo, Sciences Po (2014) View citations (43) (2014)

2012

Geography, Institutions, and the Making of Comparative Development
CESifo Working Paper Series, CESifo View citations (1)
See also Journal Article Geography, institutions, and the making of comparative development, Journal of Economic Growth, Springer (2013) View citations (26) (2013)
Market Structure and Pass-Through
2012 Meeting Papers, Society for Economic Dynamics View citations (20)

2011

CHF Strength and Swiss Export Performance – Evidence and Outlook From a Disaggregate Analysis
Working Papers, Swiss National Bank, Study Center Gerzensee View citations (4)
See also Journal Article CHF strength and Swiss export performance -- evidence and outlook from a disaggregate analysis, Applied Economics Letters, Taylor & Francis Journals (2012) View citations (10) (2012)
Export basket and the effects of exchange rates on exports–why Switzerland is special
Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (9)
International liquidity provision during the financial crisis: a view from Switzerland
Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (10)
See also Journal Article International liquidity provision during the financial crisis: a view from Switzerland, Review, Federal Reserve Bank of St. Louis (2011) View citations (15) (2011)
Low-Wage Import Competition, Inflationary Pressure, and Industry Dynamics in Europe
Working Papers, Swiss National Bank, Study Center Gerzensee View citations (12)
Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010) View citations (4)
Working Papers, Swiss National Bank (2011) View citations (2)
See also Journal Article Low-wage import competition, inflationary pressure, and industry dynamics in Europe, European Economic Review, Elsevier (2013) View citations (64) (2013)
Spatial Competition in Quality, Demand Induced Innovation, and Schumpeterian Growth
DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade View citations (1)
Also in Working Papers, Swiss National Bank (2011) View citations (1)
Working Papers, Swiss National Bank, Study Center Gerzensee (2011) View citations (2)
The arrival of cheap goods: Measuring the impact of Chinese import competition on Nordic prices
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)

2010

Are Imports from Rich Nations Deskilling Emerging Economies? - Human Capital and the Dynamic Effects of Trade
Working Papers, Swiss National Bank View citations (1)
Consumer Heterogeneity and the Impact of Trade Liberalization: How Representative is the Representative Agent Framework?
Working Papers, Swiss National Bank View citations (10)
Globalization and Inflation in Europe
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)

2009

Exchange Rate Pass-Through in a Competitive Model of Pricing-to-Market
SciencePo Working papers Main, HAL View citations (7)
Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2009) View citations (57)
Post-Print, HAL (2009) View citations (45)
See also Journal Article Exchange Rate Pass-Through in a Competitive Model of Pricing-to-Market, Journal of Money, Credit and Banking, Blackwell Publishing (2009) View citations (63) (2009)
Product Heterogeneity, Within-Industry Trade Patterns, and the Home Bias of Consumption?
Working Papers, Swiss National Bank, Study Center Gerzensee View citations (1)
The Colonial and Geographic Origins of Comparative Development
Working Papers, Swiss National Bank, Study Center Gerzensee
Also in Working Papers, Swiss National Bank (2008) View citations (2)

2008

Cost Pass Through in a Competitive Model of Pricing-to-Market
Working Papers, Swiss National Bank View citations (2)
The Effect of Low-Wage Import Competition on U.S. Inflationary Pressure
Working Papers, Swiss National Bank View citations (2)
See also Journal Article The effect of low-wage import competition on U.S. inflationary pressure, Journal of Monetary Economics, Elsevier (2010) View citations (90) (2010)
The Effect of Trade with Low-Income Countries on U.S. Industry
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) View citations (15)
See also Journal Article The effect of low-wage import competition on U.S. inflationary pressure, Journal of Monetary Economics, Elsevier (2010) View citations (90) (2010)

2007

The Colonial Origins of Comparative Development: Comment. A Solution to the Debate on Settler Mortality Rates
Working Papers, Swiss National Bank View citations (2)

Journal Articles

2025

A Journal Ranking Based on Central Bank Citations
Review, 2025, 107, (9), 1-14
See also Chapter A journal ranking based on central bank citations, Vox eBook Chapters, 2020, 1, 57-63 (2020) (2020)
Working Paper A journal ranking based on central bank citations, Working Papers (2024) (2024)
Distributed ledgers and the governance of money
Journal of Financial Economics, 2025, 167, (C)
See also Working Paper Distributed Ledgers and the Governance of Money, CESifo Working Paper Series (2021) View citations (9) (2021)

2024

The technology of decentralized finance (DeFi)
Digital Finance, 2024, 6, (1), 55-95 View citations (7)
See also Working Paper The Technology of Decentralized Finance (DeFi), BIS Working Papers (2023) View citations (10) (2023)
Unequal Expenditure Switching: Evidence from Switzerland
The Review of Economic Studies, 2024, 91, (5), 2572-2603 View citations (1)
See also Working Paper Unequal Expenditure Switching: Evidence from Switzerland, CESifo Working Paper Series (2023) View citations (2) (2023)

2023

Can central bank digital currencies help advance financial inclusion?
Journal of Payments Strategy & Systems, 2023, 17, (4), 433-447 View citations (1)
Rise of the Central Bank Digital Currencies
International Journal of Central Banking, 2023, 19, (4), 185-214 View citations (10)

2022

Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier
Annual Review of Economics, 2022, 14, (1), 697-721 View citations (40)
See also Working Paper Central bank digital currencies: motives, economic implications and the research frontier, BIS Working Papers (2021) View citations (9) (2021)
Distrust or speculation? The socioeconomic drivers of U.S. cryptocurrency investments
Journal of Financial Stability, 2022, 62, (C) View citations (23)
See also Working Paper Distrust or Speculation? The Socioeconomic Drivers of U.S. Cryptocurrency Investments, CESifo Working Paper Series (2021) View citations (7) (2021)
The countercyclical capital buffer and the composition of bank lending
Journal of Financial Intermediation, 2022, 52, (C) View citations (25)
See also Working Paper The countercyclical capital buffer and the composition of bank lending, Swiss Finance Institute Research Paper Series (2021) (2021)

2021

Exchange Rates and Prices: Evidence from the 2015 Swiss Franc Appreciation
American Economic Review, 2021, 111, (2), 652-86 View citations (69)
See also Working Paper Exchange Rates and Prices: Evidence from the 2015 Swiss Franc Appreciation, NBER Working Papers (2021) View citations (68) (2021)

2020

Stablecoins: risks, potential and regulation
Financial Stability Review, 2020, (Autumn) View citations (13)
Also in Revista de Estabilidad Financiera, 2020, (Otoño) (2020) View citations (13)
The Economics and Politics of Revoking NAFTA
IMF Economic Review, 2020, 68, (1), 230-267 View citations (1)
See also Working Paper The Economics and Politics of Revoking NAFTA, Working Papers (2018) View citations (13) (2018)
The technology of retail central bank digital currency
BIS Quarterly Review, 2020 View citations (106)

2019

Exports and Invoicing: Evidence from the 2015 Swiss Franc Appreciation
AEA Papers and Proceedings, 2019, 109, 533-38 View citations (14)
See also Working Paper Exports and Invoicing: Evidence from the 2015 Swiss Franc Appreciation, Working papers (2020) View citations (1) (2020)
International Inflation Spillovers through Input Linkages
The Review of Economics and Statistics, 2019, 101, (3), 507-521 View citations (79)
See also Working Paper International Inflation Spillovers Through Input Linkages, Working Papers (2017) View citations (29) (2017)

2018

Quality pricing-to-market
Journal of International Economics, 2018, 110, (C), 87-102 View citations (25)
See also Working Paper Quality pricing-to-market, Post-Print (2018) View citations (13) (2018)
Regulating cryptocurrencies: assessing market reactions
BIS Quarterly Review, 2018 View citations (70)

2017

Dynamic entry in vertically differentiated markets
Journal of Economic Theory, 2017, 167, (C), 177-205 View citations (4)
See also Working Paper Dynamic Entry in Vertically Differentiated Markets, CESifo Working Paper Series (2016) (2016)
Product heterogeneity, cross-country taste differences, and the growth of world trade
European Economic Review, 2017, 100, (C), 1-27 View citations (5)

2016

Comments on “Measuring openness to trade” by M.E. Waugh and B. Ravikumar
Journal of Economic Dynamics and Control, 2016, 72, (C), 42-44
Market structure and exchange rate pass-through
Journal of International Economics, 2016, 98, (C), 60-77 View citations (104)
See also Working Paper Market Structure and Exchange Rate Pass-Through, CEPR Discussion Papers (2015) View citations (24) (2015)
The banking sector and the Swiss financial account during the financial and European debt crises
Aussenwirtschaft, 2016, 67, (02), 69-97 View citations (10)
See also Working Paper The banking sector and the Swiss financial account during the financial and European debt crises, Working Papers (2016) View citations (7) (2016)

2015

Exchange Rate Pass‐Through, Domestic Competition, and Inflation: Evidence from the 2005–08 Revaluation of the Renminbi
Journal of Money, Credit and Banking, 2015, 47, (8), 1617-1650 View citations (6)
See also Working Paper Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi, CEPR Discussion Papers (2015) View citations (9) (2015)
Human capital and the dynamic effects of trade
Journal of Development Economics, 2015, 117, (C), 107-118 View citations (20)
See also Working Paper Human Capital and the Dynamic Effects of Trade, CEPR Discussion Papers (2015) View citations (20) (2015)

2014

Trade linkages and the globalisation of inflation in Asia and the Pacific
Journal of International Money and Finance, 2014, 49, (PA), 129-151 View citations (51)
See also Working Paper Trade Linkages and the Globalisation of Inflation in Asia and the Pacific, CESifo Working Paper Series (2014) View citations (55) (2014)
What drives TARGET2 balances? Evidence from a panel analysis
(What drives Target2 balances? Evidence from a panel analysis)
Economic Policy, 2014, 29, (77), 139-197 View citations (43)
See also Working Paper What Drives Target2 Balances? Evidence From a Panel Analysis, Working Papers (2013) View citations (18) (2013)

2013

Geography, institutions, and the making of comparative development
Journal of Economic Growth, 2013, 18, (2), 179-215 View citations (26)
See also Working Paper Geography, Institutions, and the Making of Comparative Development, CESifo Working Paper Series (2012) View citations (1) (2012)
Low-wage import competition, inflationary pressure, and industry dynamics in Europe
European Economic Review, 2013, 59, (C), 141-166 View citations (64)
See also Working Paper Low-Wage Import Competition, Inflationary Pressure, and Industry Dynamics in Europe, Working Papers (2011) View citations (12) (2011)

2012

CHF strength and Swiss export performance -- evidence and outlook from a disaggregate analysis
Applied Economics Letters, 2012, 19, (6), 521-531 View citations (10)
See also Working Paper CHF Strength and Swiss Export Performance – Evidence and Outlook From a Disaggregate Analysis, Working Papers (2011) View citations (4) (2011)
How Do Austrian Banks Fund Their Swiss Franc Exposure?
Financial Stability Report, 2012, (24), 54-61 View citations (15)

2011

Industry Composition and the Effects of Exchange Rates on Exports - Why Switzerland is Special
Aussenwirtschaft, 2011, 66, (03), 323-338 View citations (7)
International liquidity provision during the financial crisis: a view from Switzerland
Review, 2011, 93, (Nov), 409-418 View citations (15)
See also Working Paper International liquidity provision during the financial crisis: a view from Switzerland, Globalization Institute Working Papers (2011) View citations (10) (2011)
Microeconomic Aspects of the Globalization of Inflation
Economics Bulletin, 2011, 31, (1), A4

2010

The effect of low-wage import competition on U.S. inflationary pressure
Journal of Monetary Economics, 2010, 57, (4), 491-503 View citations (90)
See also Working Paper The Effect of Low-Wage Import Competition on U.S. Inflationary Pressure, Working Papers (2008) View citations (2) (2008)
Working Paper The Effect of Trade with Low-Income Countries on U.S. Industry, CEPR Discussion Papers (2008) View citations (24) (2008)

2009

Exchange Rate Pass-Through in a Competitive Model of Pricing-to-Market
Journal of Money, Credit and Banking, 2009, 41, (s1), 151-175 View citations (63)
Also in Proceedings, 2008 (2008)
Journal of Money, Credit and Banking, 2009, 41, (s1), 151-175 (2009) View citations (9)
See also Working Paper Exchange Rate Pass-Through in a Competitive Model of Pricing-to-Market, SciencePo Working papers Main (2009) View citations (7) (2009)
Taste Heterogeneity, Trade, and the Within-Industry Home Market Effect
Swiss Journal of Economics and Statistics (SJES), 2009, 145, (IV), 387-403

1997

The Yeast Genome Directory
Nature, 1997, 387, (6632), 5-5

Books

2024

Quantum computing and the financial system: opportunities and risks
BIS Papers, Bank for International Settlements

2021

CBDCs beyond borders: results from a survey of central banks
BIS Papers, Bank for International Settlements View citations (23)
Multi-CBDC arrangements and the future of cross-border payments
BIS Papers, Bank for International Settlements View citations (7)

Chapters

2020

A journal ranking based on central bank citations
Chapter 1 in Publishing and Measuring Success in Economics, 2020, vol. 1, pp 57-63
See also Journal Article A Journal Ranking Based on Central Bank Citations, Federal Reserve Bank of St. Louis (2025) (2025)
Working Paper A journal ranking based on central bank citations, Federal Reserve Bank of St. Louis (2024) (2024)

2014

Real globalisation and price spillovers in Asia and the Pacific
A chapter in Globalisation, inflation and monetary policy in Asia and the Pacific, 2014, vol. 77, pp 81-89

2013

The globalisation of inflation: a view from the cross section
A chapter in Globalisation and inflation dynamics in Asia and the Pacific, 2013, vol. 70, pp 113-118 View citations (10)