Details about Claudio BORIO

Workplace:

Bank for International Settlements (BIS), (more information at EDIRC)

Access statistics for papers by Claudio BORIO.

Last updated 2024-06-07. Update your information in the RePEc Author Service.

Short-id: pbo726

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Working Papers

2023

1. Does money growth help explain the recent inflation surge?
   BIS Bulletins, Bank for International Settlements
2. Getting up from the floor
   BIS Working Papers, Bank for International Settlements View citations (2)
3. Tackling the fiscal policy-financial stability nexus
   BIS Working Papers, Bank for International Settlements View citations (2)

2022

4. Macro-financial stability frameworks: experience and challenges
   BIS Working Papers, Bank for International Settlements View citations (2)
   See also Chapter Macro-Financial Stability Frameworks: Experience and Challenges, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2023) View citations (1) (2023)

2021

5. Back to the future: intellectual challenges for monetary policy
   BIS Working Papers, Bank for International Settlements View citations (2)
   See also Journal Article Back to the Future: Intellectual Challenges for Monetary Policy, Economic Papers, The Economic Society of Australia (2021) View citations (2) (2021)
6. Losing traction? The real effects of monetary policy when interest rates are low
   BIS Working Papers, Bank for International Settlements View citations (8)
   See also Journal Article Losing traction? The real effects of monetary policy when interest rates are low, Journal of International Money and Finance, Elsevier (2024) View citations (1) (2024)
7. Navigating by r*: safe or hazardous?
   BIS Working Papers, Bank for International Settlements View citations (3)

2020

8. Assessing the fiscal implications of banking crises
   BIS Working Papers, Bank for International Settlements View citations (1)
9. Bank intermediation activity in a low‐interest‐rate environment
   Post-Print, HAL View citations (10)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (30)
   BIS Working Papers, Bank for International Settlements (2019) View citations (30)
   See also Journal Article Bank intermediation activity in a low‐interest‐rate environment, Economic Notes, Banca Monte dei Paschi di Siena SpA (2020) View citations (14) (2020)
10. Global and domestic financial cycles: variations on a theme
    BIS Working Papers, Bank for International Settlements
    See also Journal Article Global and Domestic Financial Cycles: Variations on a Theme, International Journal of Central Banking, International Journal of Central Banking (2023) (2023)
11. Post-crisis international financial regulatory reforms: a primer
    BIS Working Papers, Bank for International Settlements

2019

12. Central banking in challenging times
    BIS Working Papers, Bank for International Settlements View citations (7)
13. Monetary policy hysteresis and the financial cycle
    BIS Working Papers, Bank for International Settlements View citations (27)
14. On money, debt, trust and central banking
    BIS Working Papers, Bank for International Settlements View citations (18)
15. Predicting recessions: financial cycle versus term spread
    BIS Working Papers, Bank for International Settlements View citations (17)
16. What anchors for the natural rate of interest?
    BIS Working Papers, Bank for International Settlements View citations (27)
    Also in PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research (2018) View citations (7)

2018

17. Monetary policy in the grip of a pincer movement
    BIS Working Papers, Bank for International Settlements View citations (16)
    See also Chapter Monetary Policy in the Grip of a Pincer Movement, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2019) View citations (7) (2019)
18. Why So Low for So Long? A Long-Term View of Real Interest Rates
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research View citations (27)
    Also in BIS Working Papers, Bank for International Settlements (2017) View citations (66)
    Bank of Finland Research Discussion Papers, Bank of Finland (2017) View citations (3)
    See also Journal Article Why So Low for So Long? A Long-Term View of Real Interest Rates, International Journal of Central Banking, International Journal of Central Banking (2022) (2022)

2017

19. Is monetary policy less effective when interest rates are persistently low?
    BIS Working Papers, Bank for International Settlements View citations (57)
    See also Chapter Is Monetary Policy Less Effective When Interest Rates Are Persistently Low?, RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia (2017) View citations (55) (2017)
20. Monetary Policy, the Financial Cycle and Ultra-low Interest Rates
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research View citations (62)
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2016) View citations (3)
    BIS Working Papers, Bank for International Settlements (2016) View citations (50)
    See also Journal Article Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates, International Journal of Central Banking, International Journal of Central Banking (2017) View citations (62) (2017)
21. Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?
    BIS Working Papers, Bank for International Settlements View citations (132)
    See also Journal Article Monetary policy and bank lending in a low interest rate environment: Diminishing effectiveness?, Journal of Macroeconomics, Elsevier (2017) View citations (117) (2017)
22. The Globalisation of Inflation: The Growing Importance of Global Value Chains
    CESifo Working Paper Series, CESifo View citations (125)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2017) View citations (63)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (106)
    BIS Working Papers, Bank for International Settlements (2017) View citations (116)

2016

23. Capital Flows and the Current Account: Taking Financing (More) Seriously
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research View citations (1)
    Also in BIS Working Papers, Bank for International Settlements (2015) View citations (95)
24. Fiscal sustainability and the financial cycle
    BIS Working Papers, Bank for International Settlements View citations (21)
25. Labour reallocation and productivity dynamics: financial causes, real consequences
    BIS Working Papers, Bank for International Settlements View citations (81)
26. The failure of covered interest parity: FX hedging demand and costly balance sheets
    BIS Working Papers, Bank for International Settlements View citations (64)
27. Unconventional monetary policies: a re-appraisal
    BIS Working Papers, Bank for International Settlements View citations (99)
    Also in BIS Working Papers, Bank for International Settlements (2009) View citations (125)
    See also Journal Article UNCONVENTIONAL MONETARY POLICIES: AN APPRAISAL, Manchester School, University of Manchester (2010) View citations (174) (2010)
    Chapter Unconventional monetary policies: a re-appraisal, Chapters, Edward Elgar Publishing (2018) View citations (13) (2018)

2015

28. Rethinking Potential Output: Embedding Information about the Financial Cycle
    PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research View citations (5)
    Also in BIS Working Papers, Bank for International Settlements (2013) View citations (178)
29. The influence of monetary policy on bank profitability
    BIS Working Papers, Bank for International Settlements View citations (80)
    See also Journal Article The influence of monetary policy on bank profitability, International Finance, Wiley Blackwell (2017) View citations (194) (2017)

2014

30. A parsimonious approach to incorporating economic information in measures of potential output
    BIS Working Papers, Bank for International Settlements View citations (80)
31. Monetary policy and financial stability: what role in prevention and recovery?
    BIS Working Papers, Bank for International Settlements View citations (93)
32. The international monetary and financial system: a capital account historical perspective
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (14)
    Also in BIS Working Papers, Bank for International Settlements (2014) View citations (33)
33. The international monetary and financial system: its Achilles heel and what to do about it
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (25)
    Also in BIS Working Papers, Bank for International Settlements (2014) View citations (34)

2013

34. The Great Financial Crisis: setting priorities for new statistics
    BIS Working Papers, Bank for International Settlements View citations (49)
    See also Journal Article The Great Financial Crisis: Setting priorities for new statistics, Journal of Banking Regulation, Palgrave Macmillan (2013) View citations (47) (2013)

2012

35. Characterising the financial cycle: don't lose sight of the medium term!
    BIS Working Papers, Bank for International Settlements View citations (466)
36. Stress-testing macro stress testing: does it live up to expectations?
    BIS Working Papers, Bank for International Settlements View citations (60)
    See also Journal Article Stress-testing macro stress testing: Does it live up to expectations?, Journal of Financial Stability, Elsevier (2014) View citations (94) (2014)
37. The financial cycle and macroeconomics: What have we learnt?
    BIS Working Papers, Bank for International Settlements View citations (289)
    See also Journal Article The financial cycle and macroeconomics: What have we learnt?, Journal of Banking & Finance, Elsevier (2014) View citations (527) (2014)

2011

38. Anchoring countercyclical capital buffers: the role of credit aggregates
    BIS Working Papers, Bank for International Settlements View citations (382)
    See also Journal Article Anchoring Countercyclical Capital Buffers: The role of Credit Aggregates, International Journal of Central Banking, International Journal of Central Banking (2011) View citations (378) (2011)
39. Central banking post-crisis: What compass for uncharted waters?
    BIS Working Papers, Bank for International Settlements View citations (76)
40. Global imbalances and the financial crisis: Link or no link?
    BIS Working Papers, Bank for International Settlements View citations (410)
41. Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward
    BIS Working Papers, Bank for International Settlements View citations (91)
    See also Journal Article Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward, Annual Review of Financial Economics, Annual Reviews (2011) View citations (91) (2011)

2010

42. Attributing systemic risk to individual institutions
    BIS Working Papers, Bank for International Settlements View citations (149)
43. Countercyclical capital buffers: exploring options
    BIS Working Papers, Bank for International Settlements View citations (232)
44. Resolving the financial crisis: are we heeding the lessons from the Nordics?
    Working Paper, Norges Bank View citations (37)
    Also in BIS Working Papers, Bank for International Settlements (2010) View citations (39)

2009

45. Ten propositions about liquidity crises
    BIS Working Papers, Bank for International Settlements View citations (29)
    See also Journal Article Ten propositions about liquidity crises, CESifo Economic Studies, CESifo Group (2010) View citations (16) (2010)
46. Towards an Operational Framework for Financial Stability: "Fuzzy" Measurement and its Consequences
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (164)
    Also in BIS Working Papers, Bank for International Settlements (2009) View citations (172)
    See also Chapter Toward an Operational Framework for Financial Stability: “Fuzzy” Measurement and Its Consequences, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2011) View citations (13) (2011)

2008

47. Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?
    BIS Working Papers, Bank for International Settlements View citations (414)
    See also Journal Article Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?, Journal of Financial Stability, Elsevier (2012) View citations (784) (2012)
48. The financial turmoil of 2007-?: a preliminary assessment and some policy considerations
    BIS Working Papers, Bank for International Settlements View citations (107)

2007

49. Change and constancy in the financial system: implications for financial distress and policy
    BIS Working Papers, Bank for International Settlements View citations (25)
    See also Chapter Change and Constancy in the Financial System: Implications for Financial Distress and Policy, RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia (2007) View citations (22) (2007)
50. Globalisation and inflation: New cross-country evidence on the global determinants of domestic inflation
    BIS Working Papers, Bank for International Settlements View citations (431)
51. What can (macro-)prudential policy do to support monetary policy?
    BIS Working Papers, Bank for International Settlements View citations (161)

2006

52. Monetary and prudential policies at a crossroads? New challenges in the new century
    BIS Working Papers, Bank for International Settlements View citations (41)
53. One hundred and thirty years of central bank cooperation: a BIS perspective
    BIS Working Papers, Bank for International Settlements View citations (15)
54. Risk in financial reporting: status, challenges and suggested directions
    BIS Working Papers, Bank for International Settlements View citations (5)

2005

55. Accounting, prudential regulation and financial stability: elements of a synthesis
    BIS Working Papers, Bank for International Settlements View citations (21)

2004

56. Back to the future? Assessing the deflation record
    BIS Working Papers, Bank for International Settlements View citations (18)
57. Market distress and vanishing liquidity: anatomy and policy options
    BIS Working Papers, Bank for International Settlements View citations (45)
58. Securing sustainable price stability: should credit come back from the wilderness?
    BIS Working Papers, Bank for International Settlements View citations (288)
59. Whither monetary and financial stability? the implications of evolving policy regimes
    BIS Working Papers, Bank for International Settlements View citations (181)
    See also Journal Article Whither monetary and financial stability: the implications of evolving policy regimes, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2003) View citations (17) (2003)

2003

60. A tale of two perspectives: old or new challenges for monetary policy?
    BIS Working Papers, Bank for International Settlements View citations (94)
    See also Chapter A tale of two perspectives: old or new challenges for monetary policy?, BIS Papers chapters, Bank for International Settlements (2003) View citations (97) (2003)
61. Towards a macroprudential framework for financial supervision and regulation?
    BIS Working Papers, Bank for International Settlements View citations (126)
    See also Journal Article Towards a Macroprudential Framework for Financial Supervision and Regulation?, CESifo Economic Studies, CESifo Group (2003) View citations (128) (2003)

2002

62. Asset prices, financial and monetary stability: exploring the nexus
    BIS Working Papers, Bank for International Settlements View citations (1042)

1999

63. The Anatomy of the Bond Market Turbulence of 1994
    Macroeconomics, University Library of Munich, Germany View citations (1)
    Also in Economics Working Paper Archive, Levy Economics Institute (1996) View citations (3)
    BIS Working Papers, Bank for International Settlements (1995) View citations (7)

1997

64. Monetary policy operating procedures in industrial countries
    BIS Working Papers, Bank for International Settlements View citations (67)

1995

65. The response of short-term bank lending rates to policy rates: a cross-country perspective
    BIS Working Papers, Bank for International Settlements View citations (163)
66. 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 View citations (79)

1994

67. The changing borders of banking: trends and implications
    BIS Working Papers, Bank for International Settlements View citations (9)

1990

68. Financial arrangements, 'soft' budget constraints and inflation: lessons from the Yugoslav experience
    BIS Working Papers, Bank for International Settlements View citations (2)

Journal Articles

2024

1. La croissance monétaire et la poussée inflationniste post-pandémie
   Revue d'économie financière, 2024, N° 153, (1), 179-191
2. Losing traction? The real effects of monetary policy when interest rates are low
   Journal of International Money and Finance, 2024, 141, (C) View citations (1)
   See also Working Paper Losing traction? The real effects of monetary policy when interest rates are low, BIS Working Papers (2021) View citations (8) (2021)

2023

3. Credit booms, labor reallocation, and productivity growth
   International Journal of Central Banking, 2023, 19, (4), 234-286
4. Finance and Climate Change Risk: Managing Expectations
   EconPol Forum, 2023, 24, (01), 5-7 View citations (1)
5. Global and Domestic Financial Cycles: Variations on a Theme
   International Journal of Central Banking, 2023, 19, (5), 49-98
   See also Working Paper Global and domestic financial cycles: variations on a theme, BIS Working Papers (2020) (2020)
6. Prudential policy and financial dominance: exploring the link
   BIS Quarterly Review, 2023 View citations (3)

2022

7. Dollar debt in FX swaps and forwards: huge, missing and growing
   BIS Quarterly Review, 2022 View citations (8)
8. Monetary Policy and Inequality
   Ensayos Económicos, 2022, 1, (79), 148-158
9. Why So Low for So Long? A Long-Term View of Real Interest Rates
   International Journal of Central Banking, 2022, 18, (3), 47-87
   See also Working Paper Why So Low for So Long? A Long-Term View of Real Interest Rates, PIER Discussion Papers (2018) View citations (27) (2018)

2021

10. Back to the Future: Intellectual Challenges for Monetary Policy
    Economic Papers, 2021, 40, (4), 273-287 View citations (2)
    See also Working Paper Back to the future: intellectual challenges for monetary policy, BIS Working Papers (2021) View citations (2) (2021)
11. Monetary policy, relative prices and inflation control: flexibility born out of success
    BIS Quarterly Review, 2021 View citations (7)

2020

12. Bank intermediation activity in a low‐interest‐rate environment
    Economic Notes, 2020, 49, (2) View citations (14)
    See also Working Paper Bank intermediation activity in a low‐interest‐rate environment, Post-Print (2020) View citations (10) (2020)
13. Forecasting recessions: the importance of the financial cycle
    Journal of Macroeconomics, 2020, 66, (C) View citations (7)
14. The Covid-19 economic crisis: dangerously unique
    Business Economics, 2020, 55, (4), 181-190 View citations (35)

2019

15. New loan provisioning standards and procyclicality
    Revista de Estabilidad Financiera, 2019, (Primavera)
    Also in Financial Stability Review, 2019, (Spring) (2019)

2018

16. Early warning indicators of banking crises: expanding the family
    BIS Quarterly Review, 2018 View citations (70)
    Also in Journal of Financial Transformation, 2018, 48, 142-155 (2018) View citations (71)
17. La política monetaria cercada por un movimiento de pinzas
    Journal Economía Chilena (The Chilean Economy), 2018, 21, (2), 004-044
18. The financial cycle and recession risk
    BIS Quarterly Review, 2018 View citations (34)

2017

19. FX swaps and forwards: missing global debt?
    BIS Quarterly Review, 2017 View citations (52)
20. Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates
    International Journal of Central Banking, 2017, 13, (3), 55-89 View citations (62)
    See also Working Paper Monetary Policy, the Financial Cycle and Ultra-low Interest Rates, PIER Discussion Papers (2017) View citations (62) (2017)
21. Monetary policy and bank lending in a low interest rate environment: Diminishing effectiveness?
    Journal of Macroeconomics, 2017, 54, (PB), 217-231 View citations (117)
    See also Working Paper Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?, BIS Working Papers (2017) View citations (132) (2017)
22. Secular stagnation or financial cycle drag?
    Business Economics, 2017, 52, (2), 87-98 View citations (24)
23. The influence of monetary policy on bank profitability
    International Finance, 2017, 20, (1), 48-63 View citations (194)
    See also Working Paper The influence of monetary policy on bank profitability, BIS Working Papers (2015) View citations (80) (2015)

2016

24. Covered interest parity lost: understanding the cross-currency basis
    BIS Quarterly Review, 2016 View citations (122)
25. On the centrality of the current account in international economics
    Journal of International Money and Finance, 2016, 68, (C), 266-274 View citations (15)
26. Revisiting Three Intellectual Pillars of Monetary Policy
    Cato Journal, 2016, 36, (2), 213-238 View citations (9)
27. Risk Attribution Using the Shapley Value: Methodology and Policy Applications
    Review of Finance, 2016, 20, (3), 1189-1213 View citations (17)

2015

28. The costs of deflations: a historical perspective
    BIS Quarterly Review, 2015 View citations (53)

2014

29. Stress-testing macro stress testing: Does it live up to expectations?
    Journal of Financial Stability, 2014, 12, (C), 3-15 View citations (94)
    See also Working Paper Stress-testing macro stress testing: does it live up to expectations?, BIS Working Papers (2012) View citations (60) (2012)
30. The financial cycle and macroeconomics: What have we learnt?
    Journal of Banking & Finance, 2014, 45, (C), 182-198 View citations (527)
    See also Working Paper The financial cycle and macroeconomics: What have we learnt?, BIS Working Papers (2012) View citations (289) (2012)

2013

31. On Time, Stocks and Flows: Understanding the Global Macroeconomic Challenges
    National Institute Economic Review, 2013, 225, (1), R3-R13 View citations (6)
32. The Great Financial Crisis: Setting priorities for new statistics
    Journal of Banking Regulation, 2013, 14, (3-4), 306-317 View citations (47)
    See also Working Paper The Great Financial Crisis: setting priorities for new statistics, BIS Working Papers (2013) View citations (49) (2013)
33. Tipos, acervos y flujos:cómo entender los retos macroeconómicos globales
    Boletín, 2013, LIX, (1), 18-31

2012

34. Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?
    Journal of Financial Stability, 2012, 8, (4), 236-251 View citations (784)
    See also Working Paper Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?, BIS Working Papers (2008) View citations (414) (2008)
35. Systemic risk, macroprudential policy frameworks, monitoring financial systems and the evolution of capital adequacy
    Journal of Banking & Finance, 2012, 36, (12), 3125-3132 View citations (81)

2011

36. Anchoring Countercyclical Capital Buffers: The role of Credit Aggregates
    International Journal of Central Banking, 2011, 7, (4), 189-240 View citations (378)
    See also Working Paper Anchoring countercyclical capital buffers: the role of credit aggregates, BIS Working Papers (2011) View citations (382) (2011)
37. Global credit and domestic credit booms
    BIS Quarterly Review, 2011 View citations (109)
38. Implementing a Macroprudential Framework: Blending Boldness and Realism
    Capitalism and Society, 2011, 6, (1), 25 View citations (25)
39. La mise en oeuvre d’un cadre macroprudentiel: un juste équilibre entre audace et réalisme
    Revue d'Économie Financière, 2011, 101, (1), 157-174
    Also in Revue d'économie financière, 2011, N° 101, (1), 157-174 (2011) View citations (2)
40. Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward
    Annual Review of Financial Economics, 2011, 3, (1), 87-117 View citations (91)
    See also Working Paper Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward, BIS Working Papers (2011) View citations (91) (2011)

2010

41. Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance
    Asian Economic Policy Review, 2010, 5, (2), 198-216 View citations (27)
42. Ten propositions about liquidity crises
    CESifo Economic Studies, 2010, 56, (1), 70-95 View citations (16)
    See also Working Paper Ten propositions about liquidity crises, BIS Working Papers (2009) View citations (29) (2009)
43. UNCONVENTIONAL MONETARY POLICIES: AN APPRAISAL
    Manchester School, 2010, 78, (s1), 53-89 View citations (174)
    See also Chapter Unconventional monetary policies: a re-appraisal, Chapters, 2018, 398-444 (2018) View citations (13) (2018)
    Working Paper Unconventional monetary policies: a re-appraisal, BIS Working Papers (2016) View citations (99) (2016)

2009

44. Administración de reservas de divisas: tendencias y desafíos
    Boletín, 2009, LV, (2), 90-113
45. Assessing the risk of banking crises - revisited
    BIS Quarterly Review, 2009 View citations (460)
46. Evaluación del riesgo de crisis bancarias: una revisión
    Boletín, 2009, LV, (3), 139-153
47. Implementing the macroprudential approach to financial regulation and supervision
    Financial Stability Review, 2009, (13), 31-41 View citations (86)
    See also Chapter Implementing the Macroprudential Approach to Financial Regulation and Supervision, Chapters, 2011 (2011) View citations (1) (2011)
48. The systemic importance of financial institutions
    BIS Quarterly Review, 2009 View citations (87)

2008

49. Monetary operations and the financial turmoil
    BIS Quarterly Review, 2008 View citations (36)

2007

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

2006

51. Monetary and financial stability: Here to stay?
    Journal of Banking & Finance, 2006, 30, (12), 3407-3414 View citations (36)

2005

52. Monetary and Financial Stability: So Close and Yet So Far?
    National Institute Economic Review, 2005, 192, (1), 84-101 View citations (24)

2004

53. Accounting and prudential regulation: from uncomfortable bedfellows to perfect partners?
    Journal of Financial Stability, 2004, 1, (1), 111-135 View citations (19)
54. Assessing new perspectives on country risk
    BIS Quarterly Review, 2004 View citations (37)
55. Looking back at the international deflation record
    The North American Journal of Economics and Finance, 2004, 15, (3), 287-311 View citations (15)
56. Twin peaks in equity and housing prices?
    BIS Quarterly Review, 2004 View citations (69)

2003

57. Monetary Policy
    World Economics, 2003, 4, (2), 103-119
58. Towards a Macroprudential Framework for Financial Supervision and Regulation?
    CESifo Economic Studies, 2003, 49, (2), 181-215 View citations (128)
    See also Working Paper Towards a macroprudential framework for financial supervision and regulation?, BIS Working Papers (2003) View citations (126) (2003)
59. Whither monetary and financial stability: the implications of evolving policy regimes
    Proceedings - Economic Policy Symposium - Jackson Hole, 2003, 131-211 View citations (17)
    See also Working Paper Whither monetary and financial stability? the implications of evolving policy regimes, BIS Working Papers (2004) View citations (181) (2004)

2002

60. Assessing the risk of banking crises
    BIS Quarterly Review, 2002 View citations (226)

2001

61. To provision or not to provision
    BIS Quarterly Review, 2001 View citations (35)

2000

62. Market liquidity and stress: selected issues and policy implications
    BIS Quarterly Review, 2000 View citations (40)

1986

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

Books

2023

1. The two-regime view of inflation
   BIS Papers, Bank for International Settlements View citations (9)

2022

2. Historical monetary and financial statistics for policymakers: towards a unified framework
   BIS Papers, Bank for International Settlements View citations (1)

2020

3. Populism, Economic Policies and Central Banking
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (2)

2008

4. FX reserve management: elements of a framework
   BIS Papers, Bank for International Settlements View citations (2)
5. FX reserve management: trends and challenges
   BIS Papers, Bank for International Settlements View citations (8)

Edited books

2023

1. Macro-financial Stability Policy in a Globalised World: Lessons from International Experience:Selected Papers from the Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd.

2020

2. Promoting Global Monetary and Financial Stability
   Cambridge Books, Cambridge University Press

2011

3. The Past and Future of Central Bank Cooperation
   Cambridge Books, Cambridge University Press View citations (2)

2008

4. The Past and Future of Central Bank Cooperation
   Cambridge Books, Cambridge University Press View citations (14)

2004

5. Market Discipline Across Countries and Industries, vol 1
   MIT Press Books, The MIT Press View citations (8)

Chapters

2024

1. Fiscal policy and financial stability: revisiting the nexus
   Chapter 9 in Fiscal Policy in a Turbulent Era, 2024, pp 139-153

2023

2. Macro-Financial Stability Frameworks: Experience and Challenges
   Chapter 3 in MACRO-FINANCIAL STABILITY POLICY IN A GLOBALISED WORLD: LESSONS FROM INTERNATIONAL EXPERIENCE Selected Papers from the Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference, 2023, pp 2-49 View citations (1)
   See also Working Paper Macro-financial stability frameworks: experience and challenges, Bank for International Settlements (2022) View citations (2) (2022)
3. Measuring the past to better understand the present and chart the future: the central bank network on historical monetary and financial statistics
   A chapter in Post-pandemic landscape for central bank statistics, 2023, vol. 58

2019

4. Macroprudential frameworks: experience, prospects and a way forward
   A chapter in Are post-crisis statistical initiatives completed?, 2019, vol. 49 View citations (4)
5. 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 View citations (7)
   See also Working Paper Monetary policy in the grip of a pincer movement, Bank for International Settlements (2018) View citations (16) (2018)

2018

6. Unconventional monetary policies: a re-appraisal
   Chapter 20 in Research Handbook on Central Banking, 2018, pp 398-444 View citations (13)
   See also Working Paper Unconventional monetary policies: a re-appraisal, Bank for International Settlements (2016) View citations (99) (2016)
   Journal Article UNCONVENTIONAL MONETARY POLICIES: AN APPRAISAL, University of Manchester (2010) View citations (174) (2010)

2017

7. 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 View citations (55)
   See also Working Paper Is monetary policy less effective when interest rates are persistently low?, Bank for International Settlements (2017) View citations (57) (2017)

2014

8. 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 View citations (4)
9. 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 View citations (417)

2013

10. 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 View citations (3)
11. 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

2011

12. Financial Instability and Macroeconomics: Bridging the Gulf
    Chapter 17 in The International Financial Crisis Have the Rules of Finance Changed?, 2011, pp 237-268 View citations (5)
13. Implementing the Macroprudential Approach to Financial Regulation and Supervision
    Chapter 7 in The Financial Crisis and the Regulation of Finance, 2011 View citations (1)
    See also Journal Article Implementing the macroprudential approach to financial regulation and supervision, Banque de France (2009) View citations (86) (2009)
14. 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
15. 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 View citations (13)
    See also Working Paper Towards an Operational Framework for Financial Stability: "Fuzzy" Measurement and its Consequences, Central Bank of Chile (2009) View citations (164) (2009)

2007

16. 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 View citations (22)
    See also Working Paper Change and constancy in the financial system: implications for financial distress and policy, Bank for International Settlements (2007) View citations (25) (2007)

2004

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

2003

18. 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 View citations (97)
    See also Working Paper A tale of two perspectives: old or new challenges for monetary policy?, Bank for International Settlements (2003) View citations (94) (2003)

2001

19. 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 View citations (9)
20. 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 View citations (558)

1996

21. Disscusion of 'Regulatory Policy Issues in Australia'
    A chapter in The Future of the Financial System, 1996