Details about Eli Remolona

Homepage:	http://www.bis.org/author/eli_m_remolona.htm
Workplace:	Bangko Sentral Ng Pilipinas (Central Bank of the Philippines), (more information at EDIRC)

Access statistics for papers by Eli Remolona.

Last updated 2024-05-07. Update your information in the RePEc Author Service.

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Working Papers

2021

1. Original sin in corporate finance: New evidence from Asian bond issuers in onshore and offshore markets
   Working Papers, Business School - Economics, University of Glasgow View citations (2)
   Also in Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) (2018) View citations (1)
   See also Journal Article Original sin in corporate finance: New evidence from Asian bond issuers in onshore and offshore markets, Journal of International Money and Finance, Elsevier (2021) View citations (2) (2021)

2020

2. De jure benchmark bonds
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in BIS Working Papers, Bank for International Settlements (2019)
   See also Journal Article De jure Benchmark Bonds, International Journal of Central Banking, International Journal of Central Banking (2022) (2022)

2019

3. The Hoarding of International Reserves: It’s a neighborly day in Asia
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   See also Journal Article Hoarding of international reserves: It's a neighbourly day in Asia, Pacific Economic Review, Wiley Blackwell (2019) (2019)

2018

4. Do small bank deposits run more than large ones? Three event studies of contagion and financial inclusion
   BIS Working Papers, Bank for International Settlements View citations (7)

2016

5. How do global investors differentiate between sovereign risks? The new normal versus the old
   BIS Working Papers, Bank for International Settlements View citations (29)
   See also Journal Article How do global investors differentiate between sovereign risks? The new normal versus the old, Journal of International Money and Finance, Elsevier (2016) View citations (28) (2016)

2015

6. Expectations and risk premia at 8:30am: Macroeconomic announcements and the yield curve
   BIS Working Papers, Bank for International Settlements View citations (6)

2014

7. What Makes Systemic Risk Systemic? Contagion and Spillovers in the International Sovereign Debt Market
   Working Papers, Hong Kong Institute for Monetary Research View citations (6)

2012

8. Going Regional: How to Deepen ASEAN's Financial Markets
   ADB Economics Working Paper Series, Asian Development Bank View citations (5)
9. Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets
   Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) View citations (38)
   Also in Working Papers, Business School - Economics, University of Glasgow (2012) View citations (36)
   BIS Working Papers, Bank for International Settlements (2012) View citations (38)

2009

10. Contagion and Risk in the Amplification of Crisis: Evidence from Asian Names in the CDS Market
    EABER Working Papers, East Asian Bureau of Economic Research View citations (11)

2008

11. Managing expectations by words and deeds: Monetary policy in Asia and the Pacific
    Working Papers, BBVA Bank, Economic Research Department View citations (11)

2006

12. Learning by doing in market reform: Lessons from a regional bond fund
    HWWI Research Papers, Hamburg Institute of International Economics (HWWI) View citations (5)
    See also Chapter Learning by Doing in Market Reform: Lessons from a Regional Bond Fund, Chapters, Edward Elgar Publishing (2009) (2009)
13. The price impact of rating announcements: which announcements matter?
    BIS Working Papers, Bank for International Settlements View citations (59)

2005

14. Price discovery in a market under stress: the U.S. Treasury market in fall 1998
    Working Paper Series, Federal Reserve Bank of Chicago View citations (7)
15. The pricing of unexpected credit losses
    BIS Working Papers, Bank for International Settlements View citations (20)

2002

16. Changes in market functioning and central bank policy: an overview of the issues
    BIS Working Papers, Bank for International Settlements View citations (9)
    See also Chapter Changes in market functioning and central bank policy: an overview of the issues, BIS Papers chapters, Bank for International Settlements (2002) View citations (8) (2002)

2000

17. Information flows during the asian crisis: evidence from closed-end funds
    BIS Working Papers, Bank for International Settlements View citations (1)
    See also Chapter Information flows during the Asian crisis: evidence from closed-end funds, BIS Papers chapters, Bank for International Settlements (2001) View citations (7) (2001)
    Journal Article Information flows during the Asian crisis: Evidence from closed-end funds, Journal of International Money and Finance, Elsevier (2008) View citations (12) (2008)

1999

18. The term structure of announcement effects
    Staff Reports, Federal Reserve Bank of New York View citations (26)
    Also in BIS Working Papers, Bank for International Settlements (1999) View citations (44)
19. Uncovering Inflation Expectations and Risk Premiums From Internationally Integrated Financial Markets
    Staff Working Papers, Bank of Canada View citations (12)

1998

20. Asia's Financial Crisis: Lessons and Policy Responses
    Working Papers, Economisch Institut voor het Midden en Kleinbedrijf- View citations (14)
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (1998) View citations (7)
21. What was the Market's View of UK Monetary Policy? Estimating Inflation Risk and Expected Inflation with Indexed Bonds
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in Staff Reports, Federal Reserve Bank of New York (1998) View citations (8)

1997

22. A three-factor econometric model of the U.S. term structure
    Staff Reports, Federal Reserve Bank of New York View citations (9)
    Also in Research Paper, Federal Reserve Bank of New York (1997) View citations (4)
23. Price formation and liquidity in the U.S. Treasury market: evidence from intraday patterns around announcements
    Staff Reports, Federal Reserve Bank of New York View citations (11)
24. What moves the bond market?
    Research Paper, Federal Reserve Bank of New York View citations (205)
    See also Journal Article What moves the bond market?, Economic Policy Review, Federal Reserve Bank of New York (1997) View citations (130) (1997)

1996

25. Inflation risk in the U.S. yield curve: the usefulness of indexed bonds
    Research Paper, Federal Reserve Bank of New York View citations (10)
26. Price formation and liquidity in the U.S. treasuries market: evidence from intraday patterns around announcements
    Research Paper, Federal Reserve Bank of New York View citations (6)
27. Two factors along the yield curve
    Research Paper, Federal Reserve Bank of New York View citations (2)
    See also Journal Article Two Factors along the Yield Curve, The Manchester School of Economic & Social Studies, University of Manchester (1997) View citations (12) (1997)

1995

28. The short end of the forward convergence curve and asymmetric cat's tail convergence
    Research Paper, Federal Reserve Bank of New York View citations (5)

1993

29. Finance companies, bank competition and niche markets
    Research Paper, Federal Reserve Bank of New York View citations (3)
    See also Journal Article Finance companies, bank competition, and niche markets, Quarterly Review, Federal Reserve Bank of New York (1992) View citations (8) (1992)

1991

30. Global stock markets and links in real activity
    Research Paper, Federal Reserve Bank of New York View citations (1)

1990

31. Understanding international differences in leverage trends
    Research Paper, Federal Reserve Bank of New York View citations (7)
    See also Journal Article Understanding international differences in leverage trends, Quarterly Review, Federal Reserve Bank of New York (1990) View citations (6) (1990)
    Book Understanding international differences in leverage trends, Monograph, Federal Reserve Bank of New York (1990) View citations (7) (1990)
32. Why international trends in leverage have been so different
    Research Paper, Federal Reserve Bank of New York

1989

33. Risk, capital markets, and the large public enterprise
    Research Paper, Federal Reserve Bank of New York
34. Voluntary conversions of LDC debt
    Research Paper, Federal Reserve Bank of New York View citations (2)
    See also Chapter Voluntary Conversions of LDC Debt, Palgrave Macmillan Books, Palgrave Macmillan (1990) (1990)

1986

35. Loan swaps and the LDC debt problem
    Research Paper, Federal Reserve Bank of New York

1985

36. Financing the Budget Deficit in the Philippines
    Working Papers, Philippine Institute for Development Studies View citations (2)

1983

37. Specifying Seigniorage for Time Consistency
    UP School of Economics Discussion Papers, University of the Philippines School of Economics

1979

38. A Simple Model of Squatters
    UP School of Economics Discussion Papers, University of the Philippines School of Economics
    See also Journal Article A Simple Model of Squatters, Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society (1984) (1984)

1976

39. Intraurban Location as a Clue to Conditions in the Informal Sector
    UP School of Economics Discussion Papers, University of the Philippines School of Economics

Journal Articles

2022

1. De jure Benchmark Bonds
   International Journal of Central Banking, 2022, 18, (3), 89-124
   See also Working Paper De jure benchmark bonds, CAMA Working Papers (2020) (2020)

2021

2. Original sin in corporate finance: New evidence from Asian bond issuers in onshore and offshore markets
   Journal of International Money and Finance, 2021, 119, (C) View citations (2)
   See also Working Paper Original sin in corporate finance: New evidence from Asian bond issuers in onshore and offshore markets, Working Papers (2021) View citations (2) (2021)

2020

3. Expectations and Risk Premia at 8:30 a.m.: Deciphering the Responses of Bond Yields to Macroeconomic Announcements
   Journal of Business & Economic Statistics, 2020, 38, (1), 27-42 View citations (5)

2019

4. Hoarding of international reserves: It's a neighbourly day in Asia
   Pacific Economic Review, 2019, 24, (2), 208-240
   See also Working Paper The Hoarding of International Reserves: It’s a neighborly day in Asia, GRU Working Paper Series (2019) (2019)
5. The monkey in the mirror and other tales of central bank forward guidance
   Philippine Review of Economics, 2019, 56, (1 and 2), 16-27

2018

6. Common lenders in emerging Asia: their changing roles in three crises
   BIS Quarterly Review, 2018 View citations (2)

2016

7. How do global investors differentiate between sovereign risks? The new normal versus the old
   Journal of International Money and Finance, 2016, 66, (C), 32-48 View citations (28)
   See also Working Paper How do global investors differentiate between sovereign risks? The new normal versus the old, BIS Working Papers (2016) View citations (29) (2016)
8. The anatomy of sovereign risk contagion
   Journal of International Money and Finance, 2016, 69, (C), 264-286 View citations (12)

2015

9. The rise of regional banking in Asia and the Pacific
   BIS Quarterly Review, 2015 View citations (16)

2012

10. ATTRACTING FOREIGN PARTICIPATION IN ASIAN LOCAL CURRENCY BOND MARKETS: THE CASE OF THE ASIAN BOND FUND 2 INITIATIVE
    Pacific Economic Review, 2012, 17, (3), 415-433 View citations (13)
11. Comments on "Effectiveness of Capital Controls: Evidence from Thailand – Juthathip Jongwanich and Archanun Kohpaiboon"
    Asian Development Review (ADR), 2012, 29, (02), 94-95
12. Managing the Risk from Capital Flows
    Asian Development Review, 2012, 29, (1), 108-110
13. Panel Presentations
    Asian Development Review (ADR), 2012, 29, (01), 102-122
14. Prospects for Monetary Cooperation and Integration in East Asia – By Ulrich Volz
    Asian-Pacific Economic Literature, 2012, 26, (1), 102-103

2010

15. Contagion and risk premia in the amplification of crisis: Evidence from Asian names in the global CDS market
    Journal of Asian Economics, 2010, 21, (3), 314-326 View citations (21)
    See also Chapter Contagion and risk premia in the amplification of crisis: evidence from Asian names in the global CDS market, BIS Papers chapters, 2010, 52, 318-339 (2010) View citations (25) (2010)

2008

16. A ratings-based approach to measuring sovereign risk
    International Journal of Finance & Economics, 2008, 13, (1), 26-39 View citations (25)
17. Credit derivatives an structured creit: the nascant markets of Asia and the Pacific
    BIS Quarterly Review, 2008 View citations (14)
18. Information flows during the Asian crisis: Evidence from closed-end funds
    Journal of International Money and Finance, 2008, 27, (4), 636-653 View citations (12)
    See also Working Paper Information flows during the asian crisis: evidence from closed-end funds, BIS Working Papers (2000) View citations (1) (2000)
    Chapter Information flows during the Asian crisis: evidence from closed-end funds, BIS Papers chapters, 2001, 02, 30-75 (2001) View citations (7) (2001)

2007

19. Interpreting sovereign spreads
    BIS Quarterly Review, 2007 View citations (35)
20. Risk in carry trades: a look at target currencies in Asia and the Pacific
    BIS Quarterly Review, 2007 View citations (44)

2006

21. Securitisation in Asia and the Pacific: implications for liquidity and credit risks
    BIS Quarterly Review, 2006 View citations (14)

2005

22. Corporate bond markets in Asia
    BIS Quarterly Review, 2005 View citations (29)
23. Opening markets through a regional bond fund: lessons from ABF2
    BIS Quarterly Review, 2005 View citations (32)
24. Time-varying exposures and leverage in hedge funds
    BIS Quarterly Review, 2005 View citations (12)

2004

25. The price impact of rating announcements: evidence from the credit default swap market
    BIS Quarterly Review, 2004 View citations (35)

2003

26. Reaching for yield: selected issues for reserve managers
    BIS Quarterly Review, 2003 View citations (2)
27. The credit spread puzzle
    BIS Quarterly Review, 2003 View citations (92)
28. The euro interest rate swap market
    BIS Quarterly Review, 2003 View citations (21)

2002

29. What's behind the liquidity spread? On-the-run and off-the-run US Treasuries in autumn 1998
    BIS Quarterly Review, 2002 View citations (9)

2000

30. Size and liquidity of government bond markets
    BIS Quarterly Review, 2000 View citations (54)

1999

31. Price Formation and Liquidity in the U.S. Treasury Market: The Response to Public Information
    Journal of Finance, 1999, 54, (5), 1901-1915 View citations (347)

1997

32. Market returns and mutual fund flows
    Economic Policy Review, 1997, 3, (Jul), 33-52 View citations (34)
33. Two Factors along the Yield Curve
    The Manchester School of Economic & Social Studies, 1997, 65, 1-31 View citations (12)
    See also Working Paper Two factors along the yield curve, Research Paper (1996) View citations (2) (1996)
34. What moves the bond market?
    Economic Policy Review, 1997, 3, (Dec), 31-50 View citations (130)
    See also Working Paper What moves the bond market?, Research Paper (1997) View citations (205) (1997)

1996

35. Risk management by structured derivative product companies
    Economic Policy Review, 1996, 2, (Apr), 17-37 View citations (5)

1992

36. Corporate refinancing in the 1990s
    Quarterly Review, 1992, 17, (Win), 1-27
37. Finance companies, bank competition, and niche markets
    Quarterly Review, 1992, 17, (Sum), 25-38 View citations (8)
    See also Working Paper Finance companies, bank competition and niche markets, Research Paper (1993) View citations (3) (1993)
38. The recent growth of financial derivative markets
    Quarterly Review, 1992, 17, (Win), 28-43 View citations (6)

1991

39. Do international reactions of stock and bond markets reflect macroeconomic fundamentals?
    Quarterly Review, 1991, 16, (Aut), 1-13 View citations (2)

1990

40. Understanding international differences in leverage trends
    Quarterly Review, 1990, 15, (Spr), 31-42 View citations (6)
    See also Working Paper Understanding international differences in leverage trends, Research Paper (1990) View citations (7) (1990)
    Book Understanding international differences in leverage trends, Monograph, 1990 (1990) View citations (7) (1990)

1987

41. The pricing and hedging of market index deposits
    Quarterly Review, 1987, 12, (Sum), 9-20 View citations (2)

1986

42. Financial Reforms and the Balance-of-Payments Crisis: The Case of the Philippines: 1980-83
    Philippine Review of Economics, 1986, 23, (1&2), 101-141 View citations (4)
43. Foreign debt, balance of payments, and the economic crisis of the Philippines in 1983-1984
    World Development, 1986, 14, (8), 993-1018 View citations (3)

1984

44. A Simple Model of Squatters
    Philippine Review of Economics, 1984, 21, (1&2), 101-111
    See also Working Paper A Simple Model of Squatters, UP School of Economics Discussion Papers (1979) (1979)

1983

45. A Pitfall in the Welfare Cost of Inflationary Finance
    Philippine Review of Economics, 1983, 20, (2), 205-213

1981

46. Two Empirical Notes on the Urban Economy
    Philippine Review of Economics, 1981, 18, (1&2), 87-93

1977

47. Intraurban Location as a Clue To Condition of Urban Dualism
    Philippine Review of Economics, 1977, 14, (1), 75-85

Books

2016

1. A spare tire for capital markets: Fostering corporate bond markets in Asia
   BIS Papers, Bank for International Settlements View citations (3)

1990

2. How Secondary Capital Market Work in the United States
   Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre
3. Understanding international differences in leverage trends
   Monograph, Federal Reserve Bank of New York View citations (7)
   See also Journal Article Understanding international differences in leverage trends, Quarterly Review, Federal Reserve Bank of New York (1990) View citations (6) (1990)
   Working Paper Understanding international differences in leverage trends, Research Paper, Federal Reserve Bank of New York (1990) View citations (7) (1990)

Chapters

2019

1. The rise of benchmark bonds in emerging Asia
   A chapter in Asia-Pacific fixed income markets: evolving structure, participation and pricing, 2019, vol. 102, pp 67-79

2014

2. Capital structure and the issuance of corporate bonds in emerging Asia
   Chapter 13 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 510-540
3. Infrastructure and Corporate Bond Markets in Asia
   A chapter in Financial Flows and Infrastructure Financing, 2014 View citations (17)

2012

4. Local currency bond markets and the Asian Bond Fund 2 Initiative
   A chapter in Weathering financial crises: bond markets in Asia and the Pacific, 2012, vol. 63, pp 35-61 View citations (16)

2011

5. Discussion of The Australian Financial System in the 2000s: Dodging the Bullet
   A chapter in The Australian Economy in the 2000s, 2011

2010

6. Contagion and risk premia in the amplification of crisis: evidence from Asian names in the global CDS market
   A chapter in The international financial crisis and policy challenges in Asia and the Pacific, 2010, vol. 52, pp 318-339 View citations (25)
   See also Journal Article Contagion and risk premia in the amplification of crisis: Evidence from Asian names in the global CDS market, Elsevier (2010) View citations (21) (2010)

2009

7. Introduction for "Household debt: implications for monetary policy and financial stability"
   A chapter in Household debt: implications for monetary policy and financial stability, 2009, vol. 46, pp 1-3 View citations (3)
8. Learning by Doing in Market Reform: Lessons from a Regional Bond Fund
   Chapter 4 in Towards Monetary and Financial Integration in East Asia, 2009
   See also Working Paper Learning by doing in market reform: Lessons from a regional bond fund, Hamburg Institute of International Economics (HWWI) (2006) View citations (5) (2006)

2008

9. The Unfolding Turmoil of 2007–2008: Lessons and Responses
   A chapter in Lessons from the Financial Turmoil of 2007 and 2008, 2008 View citations (3)

2006

10. Cross-Border Banking in Asia: Basel II and Other Prudential Issues
    Chapter 8 in Cross-Border Banking Regulatory Challenges, 2006, pp 87-107 View citations (2)
11. Developing corporate bond markets in Asia
    A chapter in Developing corporate bond markets in Asia, 2006, vol. 26, pp 13-21 View citations (14)
12. Developing corporate bond markets in Asia: a synopsis of the Kunming discussions
    A chapter in Developing corporate bond markets in Asia, 2006, vol. 26, pp 1-6 View citations (4)

2002

13. Changes in market functioning and central bank policy: an overview of the issues
    A chapter in Market functioning and central bank policy, 2002, vol. 12, pp 1-24 View citations (8)
    See also Working Paper Changes in market functioning and central bank policy: an overview of the issues, Bank for International Settlements (2002) View citations (9) (2002)

2001

14. Information flows during the Asian crisis: evidence from closed-end funds
    A chapter in Market liquidity: proceedings of a workshop held at the BIS, 2001, vol. 02, pp 30-75 View citations (7)
    See also Journal Article Information flows during the Asian crisis: Evidence from closed-end funds, Elsevier (2008) View citations (12) (2008)
    Working Paper Information flows during the asian crisis: evidence from closed-end funds, Bank for International Settlements (2000) View citations (1) (2000)

1999

15. Inflation Expectations and Risks in a Two-Country Affine-Yield Model
    A chapter in Market Liquidity: Research Findings and Selected Policy Implications, 1999, vol. 11, pp 1-23

1990

16. Voluntary Conversions of LDC Debt
    Palgrave Macmillan
    See also Working Paper Voluntary conversions of LDC debt, Federal Reserve Bank of New York (1989) View citations (2) (1989)