BIS Working Papers

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59: Portfolio selection using fuzzy decision theory

Srichander Ramaswamy

58: The importance of bank seniority for relationship lending

Joao Santos and Stanley Longhofer

57: One-step prediction of financial time series

Srichander Ramaswamy

56: Commercial banks in the securities business: A review

Joao Santos

55: Spread overreaction in international bond markets

Gregory Sutton

54: The coming transformation of continental european banking?

William White

53: Exchange rate regimes and inflation and output in Sub-Saharan countries

Marc Klau

52: Inflation and disinflation in Iceland

Már Guðmundsson and Palle Andersen

51: Forecast errors and financial developments

Palle Andersen

50: The euro and the dollar

Robert McCauley

49: Why does the yield curve predict economic activity? Dissecting the evidence for Germany and the United States

Kostas Tsatsaronis and Frank Smets

48: Some multi-country evidence on the effects of real exchange rates on output

Steven Kamin and Marc Klau

47: Financial asset prices and monetary policy: theory and evidence

Frank Smets

46: Global asset allocation in fixed income markets

Srichander Ramaswamy

45: A multi-country comparison of the linkages between inflation and exchange rate competitiveness

Steven Kamin

44: Is there excess comovement of bond yields between countries?

Gregory Sutton

43: Exchange rate regimes and the expectations hypothesis of the term structure

Stefan Gerlach and Frank Smets

42: Measuring monetary policy shocks in France, Germany and Italy: The role of the exchange rate

Frank Smets

41: The Euro and European financial markets

Robert McCauley and William White

40: Monetary policy operating procedures in industrial countries

Claudio Borio

39: Banking system failures in developing and transition countries: Diagnosis and predictions

Patrick Honohan

38: International agreements in the area of banking and finance: accomplishments and outstanding issues

William White

37: Does the term structure predict recessions? The international evidence

Henri Bernard and Stefan Gerlach

36: Estimation of speculative attack models: Mexico yet again

Will Melick

35: Varieties of monetary operating procedures: balancing monetary objectives with market efficiency

Joseph Bisignano

34: Monetary policy and the behaviour of interest rates: are long rates excessively volatile?

Stefan Gerlach

33: Derivatives and asset price volatility: a test using variance ratios

Benjamin Cohen

32: The anatomy of the bond market turbulence of 1994

Claudio Borio and Robert McCauley

31: Testing the quantity theory using long-run averaged cross-country data

Stefan Gerlach

30: Money demand stability and currency substitution in six European countries (1980-1992)

Renato Filosa

29: The information content of the term structure: evidence for Germany

Stefan Gerlach

28: The term structure of Euro-rates: some evidence in support of the expectations hypothesis

Stefan Gerlach and Frank Smets

27: The response of short-term bank lending rates to policy rates: a cross-country perspective

Claudio Borio and Wilhelm Fritz

26: The monetary transmission mechanism: Evidence from the G-7 countries

Stefan Gerlach and Frank Smets

25: A survey of non-financial sector balance sheets in industialised countries: implications for the monetary policy transmission mechanism

J Kneeshaw

24: The structure of credit to the non-goverment sector and the transmission mechanism of monetary policy: a cross-country comparison

Claudio Borio

23: The changing borders of banking: trends and implications

Claudio Borio and Renato Filosa

22: Contagious speculative attacks

Stefan Gerlach and Frank Smets

21: German unification and the demand for German M3

Stefan Gerlach

20: Household saving and real house prices: an international perspective

Palle Andersen and Neale Kennedy

19: 'All the money in europe?' An investigation of the economic properties of EC-wide extended monetary aggregates

Carlo Monticelli

18: European integration and the demand for broad money

Carlo Monticelli and Marc-Olivier Strauss-Kahn

17: Energy shocks and the demand for energy

Palle Andersen and Henri Bernard

16: Labour market developments in developing countries

Palle Andersen

15: Financial arrangements, 'soft' budget constraints and inflation: lessons from the Yugoslav experience

Claudio Borio

14: The steady-state budget constraint and the integration of european financial markets: an arithmetical exercise

José Ramalho

13: Manufacturing sector resiliency to energy booms: Empirical evidence from Norway, the Netherlands and the United Kingdom

Michael Hutchison

12: Profit shares, investment and output capacity

Palle Andersen

11: The external balance of the smaller industrial countries: international developments and national policies since 1968

Jonathan Hoffman

10: The measurement of effective exchange rates

Elmar Koch

9: Real wages, inflation and unemployment

Palle Andersen

8: The productivity slowdown and its policy implications

Palle Andersen

7: The evolution of the external debt and balance of payments of eastern europe and the USSR since 1970

Richard Allen

6: A survey of the international use of yen

Hiroo Taguchi

5: Intermediation and pure liquidity creation in banking systems

William Allen

4: Factors determining exchange rates: the roles of relative price levels, balances of payments, interest rates and risk

Peter Isard

3: Exchange rates and balance-of-payments adjustment - General principles and some recent examples

William Allen

2: International currency substitution and the apparent instability of velocity in some western European economies and in the United States

Bruce Brittain

1: Determinants of Market Condtions in the Euro-Currency Market - Why a 'Borrowers' Market'

Kengo Inoue