BIS Working Papers

From Bank for International Settlements
Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

109: Optimal dynamic hedging using futures under a borrowing constraint

Akash Deep

108: The determinants of private sector credit in industrialised countries: do property prices matter?

Boris Hofmann

107: Bank runs, welfare and policy implications

Zhu Haibin

106: Bank runs without self-fulfilling prophecies

Zhu Haibin

105: Macroeconomic news and the euro/dollar exchange rate

Gabriele Galati and Corrinne Ho

104: The changing shape of fixed income markets

the Study group on fixed income Markets

103: The costs and benefits of moral suasion: Evidence from the rescue of long-term capital management

C. Furfine

102: Allocating bank regulatory powers: lender of last resort, deposit insurance and supervision

Charles Kahn and Joao Santos

101: Can liquidity risk be subsumed in credit risk? A case study from Brady bond prices

Henri Pagès

100: The impact of the euro on Europe's financial markets

Gabriele Galati and Kostas Tsatsaronis

99: The interbank market during a crisis

C. Furfine

98: Money and inflation in the Euro Area: A case for monetary indicators?

Lars Svensson and Stefan Gerlach

97: Information flows during the asian crisis: evidence from closed-end funds

Eli Remolona and Benjamin Cohen

96: The real-time predictive content of money for output

Norman Swanson and Jeffery Amato

95: The impact of corporate risk management on monetary policy transmission: some empirical evidence

Ingo Fender

94: Corporate hedging: the impact of financial derivatives on the broad credit channel of monetary policy

Ingo Fender

93: Trading volumes, volatility and spreads in foreign exchange markets: evidence from emerging market countries

Gabriele Galati

92: Recent initiatives to improve the regulation and supervision of private capital flows

William White

91: Measuring potential vulnerabilities in emerging market economies

Marc Klau and John Hawkins

90: Bank capital regulation in contemporary banking theory: a review of the literature

Joao Santos

89: Forecast-based monetary policy

Thomas Laubach and Jeffery Amato

88: Evidence on the response of US banks to changes in capital requirements

C. Furfine

87: Monetary policy in an estimated optimisation-based model with sticky prices and wages

Thomas Laubach and Jeffery Amato

86: Information, liquidity and risk in the international interbank market: implicit guarantees and private credit market failure

Henri Bernard and Joseph Bisignano

85: A defence of the expectations theory as a model of us long-term interest rates

Gregory Sutton

84: What have we learned from recent financial crises and policy responses?

William White

83: Switching from single to multiple bank lending relationships: determinants and implications

Joao Santos and Luísa Farinha

82: Sacrifice ratios and the conduct of monetary policy in conditions of low inflation

William Wascher and Palle Andersen

81: Interbank interest rates and the risk premium

Henri Pagès

80: A note on alternative measures of real bond rates

Palle Andersen

79: Pass-through of exchange rates and import prices to domestic inflation in some industrialised economies

Jonathan McCarthy

78: Banking and commerce: a liquidity approach

Joao Santos and Joseph Haubrich

77: Perceived central bank intervention and market expectations: an empirical study of the yen/dollar exchange rate, 1993 - 96

Will Melick and Gabriele Galati

76: The price of risk at year-end: evidence from interbank lending

C. Furfine

75: A note on the Gordon growth model with nonstationary dividend growth

Henri Pagès

74: The Dollar - Mark axis

Gabriele Galati

73: The Taylor rule and interest rates in the EMU area: a note

Gert Schnabel and Stefan Gerlach

72: Reserve currency allocation: an alternative methodology

Srichander Ramaswamy

71: The term structure of announcement effects

Michael Fleming and Eli Remolona

70: Interbank exposures: quantifying the risk of contagion

C. Furfine

69: Credit channels and consumption in Europe: empirical evidence

Gabe de Bondt

68: The evolution and determinants of emerging markets credit spreads in the 1990s

Steven Kamin and K von Kleist

67: The cyclical sensitivity of seasonality in US employment

Spencer Krane and William Wascher

66: Evolving international financial markets: some implications for Central Banks

William White

65: Higher profits and lower capital prices: is factor allocation optimal?

E. Yndgaard, Palle Andersen and Marc Klau

64: Precarious credit equilibria: reflections on the Asian financial crisis

Joseph Bisignano

63: Microeconomic inventory adjustment and aggregate dynamics

Jonathan McCarthy and Egon Zakrajšek

62: The pricing of bank lending and borrowing: evidence from the federal funds market

C. Furfine

61: Foreign direct investment and employment in the industrial countries

Palle Andersen and P. Hainaut

60: Output gap uncertainty: does it matter for the Taylor rule?

Frank Smets