EconPapers    
Economics at your fingertips  
 

Details about Claudio BORIO

E-mail:
Workplace:Bank for International Settlements (BIS), (more information at EDIRC)

Access statistics for papers by Claudio BORIO.

Last updated 2019-10-07. Update your information in the RePEc Author Service.

Short-id: pbo726


Jump to Journal Articles Books Edited books Chapters

Working Papers

2019

  1. Bank intermediation activity in a low interest rate environment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in BIS Working Papers, Bank for International Settlements (2019) Downloads
  2. On money, debt, trust and central banking
    BIS Working Papers, Bank for International Settlements Downloads
  3. What anchors for the natural rate of interest?
    BIS Working Papers, Bank for International Settlements Downloads View citations (5)
    Also in PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research (2018) Downloads View citations (6)

2018

  1. Monetary policy in the grip of a pincer movement
    BIS Working Papers, Bank for International Settlements Downloads View citations (5)
    See also Chapter (2019)
  2. Why So Low for So Long? A long-term View of Real Interest Rates
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research Downloads
    Also in Research Discussion Papers, Bank of Finland (2017) Downloads View citations (24)
    BIS Working Papers, Bank for International Settlements (2017) Downloads View citations (20)

2017

  1. Is monetary policy less effective when interest rates are persistently low?
    BIS Working Papers, Bank for International Settlements Downloads View citations (15)
    See also Chapter (2017)
  2. Monetary Policy, the Financial Cycle and Ultra-low Interest Rates
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research Downloads View citations (29)
    Also in BIS Working Papers, Bank for International Settlements (2016) Downloads View citations (18)
    Research Discussion Papers, Bank of Finland (2016) Downloads View citations (8)

    See also Journal Article in International Journal of Central Banking (2017)
  3. Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?
    BIS Working Papers, Bank for International Settlements Downloads View citations (21)
    See also Journal Article in Journal of Macroeconomics (2017)
  4. The Globalisation of Inflation: The Growing Importance of Global Value Chains
    CESifo Working Paper Series, CESifo Group Munich Downloads View citations (29)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2017) Downloads View citations (28)
    BIS Working Papers, Bank for International Settlements (2017) Downloads View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (29)

2016

  1. Capital flows and the current account: Taking financing (more) seriously
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research Downloads
    Also in BIS Working Papers, Bank for International Settlements (2015) Downloads View citations (36)
  2. Fiscal sustainability and the financial cycle
    BIS Working Papers, Bank for International Settlements Downloads View citations (11)
  3. Labour reallocation and productivity dynamics: financial causes, real consequences
    BIS Working Papers, Bank for International Settlements Downloads View citations (45)
  4. The failure of covered interest parity: FX hedging demand and costly balance sheets
    BIS Working Papers, Bank for International Settlements Downloads View citations (13)
  5. Unconventional monetary policies: a re-appraisal
    BIS Working Papers, Bank for International Settlements Downloads View citations (29)
    Also in BIS Working Papers, Bank for International Settlements (2009) Downloads View citations (66)

    See also Journal Article in Manchester School (2010)
    Chapter (2018)

2015

  1. Rethinking potential output: Embedding information about the financial cycle
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research Downloads View citations (1)
    Also in BIS Working Papers, Bank for International Settlements (2013) Downloads View citations (76)
  2. The influence of monetary policy on bank profitability
    BIS Working Papers, Bank for International Settlements Downloads View citations (30)
    See also Journal Article in International Finance (2017)

2014

  1. A parsimonious approach to incorporating economic information in measures of potential output
    BIS Working Papers, Bank for International Settlements Downloads View citations (27)
  2. Monetary policy and financial stability: what role in prevention and recovery?
    BIS Working Papers, Bank for International Settlements Downloads View citations (28)
  3. The international monetary and financial system: a capital account historical perspective
    BIS Working Papers, Bank for International Settlements Downloads View citations (14)
  4. The international monetary and financial system: a capital account perspective
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas Downloads View citations (10)
  5. The international monetary and financial system: its Achilles heel and what to do about it
    BIS Working Papers, Bank for International Settlements Downloads View citations (19)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) Downloads View citations (19)

2013

  1. The Great Financial Crisis: setting priorities for new statistics
    BIS Working Papers, Bank for International Settlements Downloads View citations (20)
    See also Journal Article in Journal of Banking Regulation (2013)

2012

  1. Characterising the financial cycle: don't lose sight of the medium term!
    BIS Working Papers, Bank for International Settlements Downloads View citations (134)
  2. Stress-testing macro stress testing: does it live up to expectations?
    BIS Working Papers, Bank for International Settlements Downloads View citations (30)
    See also Journal Article in Journal of Financial Stability (2014)
  3. The financial cycle and macroeconomics: What have we learnt?
    BIS Working Papers, Bank for International Settlements Downloads View citations (119)
    See also Journal Article in Journal of Banking & Finance (2014)

2011

  1. Anchoring countercyclical capital buffers: the role of credit aggregates
    BIS Working Papers, Bank for International Settlements Downloads View citations (210)
    See also Journal Article in International Journal of Central Banking (2011)
  2. Central banking post-crisis: What compass for uncharted waters?
    BIS Working Papers, Bank for International Settlements Downloads View citations (32)
  3. Global imbalances and the financial crisis: Link or no link?
    BIS Working Papers, Bank for International Settlements Downloads View citations (166)
  4. Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward
    BIS Working Papers, Bank for International Settlements Downloads View citations (51)
    See also Journal Article in Annual Review of Financial Economics (2011)

2010

  1. Attributing systemic risk to individual institutions
    BIS Working Papers, Bank for International Settlements Downloads View citations (90)
  2. Countercyclical capital buffers: exploring options
    BIS Working Papers, Bank for International Settlements Downloads View citations (115)
  3. Resolving the financial crisis: are we heeding the lessons from the Nordics?
    Working Paper, Norges Bank Downloads View citations (12)
    Also in BIS Working Papers, Bank for International Settlements (2010) Downloads View citations (21)

2009

  1. Ten propositions about liquidity crises
    BIS Working Papers, Bank for International Settlements Downloads View citations (17)
    See also Journal Article in CESifo Economic Studies (2010)
  2. Towards an Operational Framework for Financial Stability: "Fuzzy" Measurement and its Consequences
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (69)
    Also in BIS Working Papers, Bank for International Settlements (2009) Downloads View citations (87)

    See also Chapter (2011)

2008

  1. Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?
    BIS Working Papers, Bank for International Settlements Downloads View citations (135)
    See also Journal Article in Journal of Financial Stability (2012)
  2. The financial turmoil of 2007-?: a preliminary assessment and some policy considerations
    BIS Working Papers, Bank for International Settlements Downloads View citations (43)

2007

  1. Change and constancy in the financial system: implications for financial distress and policy
    BIS Working Papers, Bank for International Settlements Downloads View citations (16)
    See also Chapter (2007)
  2. Globalisation and inflation: New cross-country evidence on the global determinants of domestic inflation
    BIS Working Papers, Bank for International Settlements Downloads View citations (154)
  3. What can (macro-)prudential policy do to support monetary policy?
    BIS Working Papers, Bank for International Settlements Downloads View citations (121)

2006

  1. Monetary and prudential policies at a crossroads? New challenges in the new century
    BIS Working Papers, Bank for International Settlements Downloads View citations (18)
  2. One hundred and thirty years of central bank cooperation: a BIS perspective
    BIS Working Papers, Bank for International Settlements Downloads View citations (10)
  3. Risk in financial reporting: status, challenges and suggested directions
    BIS Working Papers, Bank for International Settlements Downloads View citations (4)

2005

  1. Accounting, prudential regulation and financial stability: elements of a synthesis
    BIS Working Papers, Bank for International Settlements Downloads View citations (5)

2004

  1. Back to the future? Assessing the deflation record
    BIS Working Papers, Bank for International Settlements Downloads View citations (7)
  2. Market distress and vanishing liquidity: anatomy and policy options
    BIS Working Papers, Bank for International Settlements Downloads View citations (19)
  3. Securing sustainable price stability: should credit come back from the wilderness?
    BIS Working Papers, Bank for International Settlements Downloads View citations (132)
  4. Whither monetary and financial stability? the implications of evolving policy regimes
    BIS Working Papers, Bank for International Settlements Downloads View citations (74)
    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (2003)

2003

  1. A tale of two perspectives: old or new challenges for monetary policy?
    BIS Working Papers, Bank for International Settlements Downloads View citations (49)
    See also Chapter (2003)
  2. Towards a macroprudential framework for financial supervision and regulation?
    BIS Working Papers, Bank for International Settlements Downloads View citations (43)
    See also Journal Article in CESifo Economic Studies (2003)

2002

  1. Asset prices, financial and monetary stability: exploring the nexus
    BIS Working Papers, Bank for International Settlements Downloads View citations (403)

1999

  1. The Anatomy of the Bond Market Turbulence of 1994
    Macroeconomics, University Library of Munich, Germany Downloads View citations (1)
    Also in Economics Working Paper Archive, Levy Economics Institute (1996) Downloads View citations (1)
    BIS Working Papers, Bank for International Settlements (1995) Downloads View citations (3)

1997

  1. Monetary policy operating procedures in industrial countries
    BIS Working Papers, Bank for International Settlements Downloads View citations (34)

1995

  1. The response of short-term bank lending rates to policy rates: a cross-country perspective
    BIS Working Papers, Bank for International Settlements Downloads View citations (76)
  2. The structure of credit to the non-goverment sector and the transmission mechanism of monetary policy: a cross-country comparison
    BIS Working Papers, Bank for International Settlements Downloads View citations (9)

1994

  1. The changing borders of banking: trends and implications
    BIS Working Papers, Bank for International Settlements Downloads View citations (8)

1990

  1. Financial arrangements, 'soft' budget constraints and inflation: lessons from the Yugoslav experience
    BIS Working Papers, Bank for International Settlements Downloads View citations (1)

Journal Articles

2018

  1. Early warning indicators of banking crises: expanding the family
    Journal of Financial Transformation, 2018, 48, 142-155 View citations (9)
    Also in BIS Quarterly Review, 2018 (2018) Downloads View citations (8)
  2. La política monetaria cercada por un movimiento de pinzas
    Journal Economía Chilena (The Chilean Economy), 2018, 21, (2), 004-044 Downloads
  3. The financial cycle and recession risk
    BIS Quarterly Review, 2018 Downloads View citations (1)

2017

  1. FX swaps and forwards: missing global debt?
    BIS Quarterly Review, 2017 Downloads View citations (7)
  2. Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates
    International Journal of Central Banking, 2017, 13, (3), 55-89 Downloads View citations (26)
    See also Working Paper (2017)
  3. Monetary policy and bank lending in a low interest rate environment: Diminishing effectiveness?
    Journal of Macroeconomics, 2017, 54, (PB), 217-231 Downloads View citations (22)
    See also Working Paper (2017)
  4. Secular stagnation or financial cycle drag?
    Business Economics, 2017, 52, (2), 87-98 Downloads View citations (6)
  5. The influence of monetary policy on bank profitability
    International Finance, 2017, 20, (1), 48-63 Downloads View citations (28)
    See also Working Paper (2015)

2016

  1. Covered interest parity lost: understanding the cross-currency basis
    BIS Quarterly Review, 2016 Downloads View citations (46)
  2. On the centrality of the current account in international economics
    Journal of International Money and Finance, 2016, 68, (C), 266-274 Downloads View citations (4)
  3. Revisiting Three Intellectual Pillars of Monetary Policy
    Cato Journal, 2016, 36, (2), 213-238 Downloads View citations (6)
  4. Risk Attribution Using the Shapley Value: Methodology and Policy Applications
    Review of Finance, 2016, 20, (3), 1189-1213 Downloads View citations (4)

2015

  1. The costs of deflations: a historical perspective
    BIS Quarterly Review, 2015 Downloads View citations (37)

2014

  1. Stress-testing macro stress testing: Does it live up to expectations?
    Journal of Financial Stability, 2014, 12, (C), 3-15 Downloads View citations (33)
    See also Working Paper (2012)
  2. The financial cycle and macroeconomics: What have we learnt?
    Journal of Banking & Finance, 2014, 45, (C), 182-198 Downloads View citations (196)
    See also Working Paper (2012)

2013

  1. On Time, Stocks and Flows: Understanding the Global Macroeconomic Challenges
    National Institute Economic Review, 2013, 225, (1), R3-R13 Downloads View citations (3)
  2. The Great Financial Crisis: Setting priorities for new statistics
    Journal of Banking Regulation, 2013, 14, (3-4), 306-317 Downloads View citations (20)
    See also Working Paper (2013)
  3. Tipos, acervos y flujos:cómo entender los retos macroeconómicos globales
    Boletín, 2013, LIX, (1), 18-31 Downloads

2012

  1. Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?
    Journal of Financial Stability, 2012, 8, (4), 236-251 Downloads View citations (340)
    See also Working Paper (2008)
  2. Systemic risk, macroprudential policy frameworks, monitoring financial systems and the evolution of capital adequacy
    Journal of Banking & Finance, 2012, 36, (12), 3125-3132 Downloads View citations (47)

2011

  1. Anchoring Countercyclical Capital Buffers: The role of Credit Aggregates
    International Journal of Central Banking, 2011, 7, (4), 189-240 Downloads View citations (221)
    See also Working Paper (2011)
  2. Global credit and domestic credit booms
    BIS Quarterly Review, 2011 Downloads View citations (71)
  3. Implementing a Macroprudential Framework: Blending Boldness and Realism
    Capitalism and Society, 2011, 6, (1), 1-25 Downloads View citations (13)
  4. La mise en oeuvre d’un cadre macroprudentiel: un juste équilibre entre audace et réalisme
    Revue d'Économie Financière, 2011, 101, (1), 157-174 Downloads
    Also in Revue d'économie financière, 2011, N° 101, (1), 157-174 (2011) Downloads View citations (2)
  5. Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward
    Annual Review of Financial Economics, 2011, 3, (1), 87-117 Downloads View citations (51)
    See also Working Paper (2011)

2010

  1. Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance
    Asian Economic Policy Review, 2010, 5, (2), 198-216 View citations (2)
  2. Ten propositions about liquidity crises
    CESifo Economic Studies, 2010, 56, (1), 70-95 Downloads View citations (9)
    See also Working Paper (2009)
  3. UNCONVENTIONAL MONETARY POLICIES: AN APPRAISAL
    Manchester School, 2010, 78, (s1), 53-89 Downloads View citations (111)
    See also Working Paper (2016)
    Chapter (2018)

2009

  1. Administración de reservas de divisas: tendencias y desafíos
    Boletín, 2009, LV, (2), 90-113 Downloads
  2. Assessing the risk of banking crises - revisited
    BIS Quarterly Review, 2009 Downloads View citations (266)
  3. Evaluación del riesgo de crisis bancarias: una revisión
    Boletín, 2009, LV, (3), 139-153 Downloads
  4. Implementing the macroprudential approach to financial regulation and supervision
    Financial Stability Review, 2009, (13), 31-41 Downloads View citations (33)
    See also Chapter (2011)
  5. The systemic importance of financial institutions
    BIS Quarterly Review, 2009 Downloads View citations (58)

2008

  1. Monetary operations and the financial turmoil
    BIS Quarterly Review, 2008 Downloads View citations (23)

2007

  1. Comment on “Financial Crisis and the Lost Decade”
    Asian Economic Policy Review, 2007, 2, (2), 301-302 Downloads

2006

  1. Monetary and financial stability: Here to stay?
    Journal of Banking & Finance, 2006, 30, (12), 3407-3414 Downloads View citations (24)

2005

  1. Monetary and Financial Stability: So Close and Yet So Far?
    National Institute Economic Review, 2005, 192, (1), 84-101 Downloads View citations (12)

2004

  1. Accounting and prudential regulation: from uncomfortable bedfellows to perfect partners?
    Journal of Financial Stability, 2004, 1, (1), 111-135 Downloads View citations (14)
  2. Assessing new perspectives on country risk
    BIS Quarterly Review, 2004 Downloads View citations (25)
  3. Looking back at the international deflation record
    The North American Journal of Economics and Finance, 2004, 15, (3), 287-311 Downloads View citations (11)
  4. Twin peaks in equity and housing prices?
    BIS Quarterly Review, 2004 Downloads View citations (39)

2003

  1. Monetary Policy
    World Economics, 2003, 4, (2), 103-119 Downloads
  2. Towards a Macroprudential Framework for Financial Supervision and Regulation?
    CESifo Economic Studies, 2003, 49, (2), 181-215 Downloads View citations (40)
    See also Working Paper (2003)
  3. Whither monetary and financial stability: the implications of evolving policy regimes
    Proceedings - Economic Policy Symposium - Jackson Hole, 2003, 131-211 Downloads View citations (13)
    See also Working Paper (2004)

2002

  1. Assessing the risk of banking crises
    BIS Quarterly Review, 2002 Downloads View citations (46)

2001

  1. To provision or not to provision
    BIS Quarterly Review, 2001 Downloads View citations (3)

2000

  1. Market liquidity and stress: selected issues and policy implications
    BIS Quarterly Review, 2000 Downloads View citations (11)

1986

  1. Do Contingent Rules Really Dominate Fixed Rules?
    Economic Journal, 1986, 96, (384), 1000-1010 Downloads

Books

2008

  1. FX reserve management: elements of a framework
    BIS Papers, Bank for International Settlements Downloads
  2. FX reserve management: trends and challenges
    BIS Papers, Bank for International Settlements Downloads

Edited books

2011

  1. The Past and Future of Central Bank Cooperation
    Cambridge Books, Cambridge University Press

2008

  1. The Past and Future of Central Bank Cooperation
    Cambridge Books, Cambridge University Press View citations (1)

2004

  1. Market Discipline Across Countries and Industries, vol 1
    MIT Press Books, The MIT Press View citations (4)

Chapters

2019

  1. Macroprudential frameworks: experience, prospects and a way forward
    A chapter in Are post-crisis statistical initiatives completed?, 2019, vol. 49 Downloads
  2. Monetary Policy in the Grip of a Pincer Movement
    Chapter 10 in Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications, 2019, vol. 26, pp 311-356 Downloads View citations (3)
    See also Working Paper (2018)

2018

  1. Unconventional monetary policies: a re-appraisal
    Chapter 20 in Research Handbook on Central Banking, 2018, pp 398-444 Downloads
    See also Journal Article in Manchester School (2010)
    Working Paper (2016)

2017

  1. Is Monetary Policy Less Effective When Interest Rates Are Persistently Low?
    A chapter in Monetary Policy and Financial Stability in a World of Low Interest Rates, 2017 Downloads View citations (6)
    See also Working Paper (2017)

2014

  1. Macroprudential Policy and the Financial Cycle: Some Stylized Facts and Policy Suggestions
    Chapter 6 in What Have We Learned? Macroeconomic Policy After the Crisis, 2014, vol. 1, pp 71-86
  2. The financial cycle and macroeconomics: what have we learned and what are the policy implications?
    Chapter 2 in Financial Cycles and the Real Economy, 2014, pp 10-35 Downloads View citations (192)

2013

  1. Can We Identify the Financial Cycle?
    Chapter 7 in The Role of Central Banks in Financial Stability How Has It Changed?, 2013, pp 131-156 Downloads
  2. Where to from Here? Implementation, Implementation, Implementation
    Chapter 23 in The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, 2013, pp 447-454 Downloads

2011

  1. Implementing the Macroprudential Approach to Financial Regulation and Supervision
    Chapter 7 in The Financial Crisis and the Regulation of Finance, 2011 Downloads
    See also Journal Article in Financial Stability Review (2009)
  2. The financial crisis: what implications for new statistics?
    A chapter in Proceedings of the IFC Conference on "Initiatives to address data gaps revealed by the financial crisis", Basel, 25-26 August 2010, 2011, vol. 34, pp 1-8 Downloads
  3. Toward an Operational Framework for Financial Stability: “Fuzzy” Measurement and Its Consequences
    Chapter 04 in Financial Stability, Monetary Policy, and Central Banking, 2011, vol. 15, pp 063-123 Downloads View citations (4)
    See also Working Paper (2009)

2007

  1. Change and Constancy in the Financial System: Implications for Financial Distress and Policy
    A chapter in The Structure and Resilience of the Financial System, 2007 Downloads View citations (7)
    See also Working Paper (2007)

2004

  1. Wrap-up Discussion
    A chapter in The Future of Inflation Targeting, 2004 Downloads

2003

  1. A tale of two perspectives: old or new challenges for monetary policy?
    A chapter in Monetary policy in a changing environment, 2003, vol. 19, pp 1-59 Downloads View citations (46)
    See also Working Paper (2003)

2001

  1. A hundred ways to skin a cat: comparing monetary policy operation procedures in the United States, Japan and the euro area
    A chapter in Comparing monetary policy operating procedures across the United States, Japan and the euro area, 2001, vol. 09, pp 1-22 Downloads View citations (3)
  2. Procyclicality of the financial system and financial stability: issues and policy options
    A chapter in Marrying the macro- and micro-prudential dimensions of financial stability, 2001, vol. 01, pp 1-57 Downloads View citations (251)

1996

  1. Disscusion of 'Regulatory Policy Issues in Australia'
    A chapter in The Future of the Financial System, 1996 Downloads
 
Page updated 2019-10-22