Patrick McGuire

Bank for International Settlements (BIS)

CH-4002 Basel, Basel-Stadt

Switzerland

SCHOLARLY PAPERS

44

DOWNLOADS
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Top 3,864

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10,312

SSRN CITATIONS
Rank 1,226

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Top 1,226

in Total Papers Citations

137

CROSSREF CITATIONS

693

Scholarly Papers (44)

1.

Dollar Appreciation in 2008: Safe Haven, Carry Trades, Dollar Shortage and Overhedging

BIS Quarterly Review December 2009
Number of pages: 9 Posted: 07 Aug 2012
Robert N. McCauley and Patrick McGuire
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 1,637 (10,517)
Citation 2

Abstract:

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The Failure of Covered Interest Parity: FX Hedging Demand and Costly Balance Sheets

BIS Working Papers No. 590
Number of pages: 63 Posted: 02 Feb 2017 Last Revised: 23 Nov 2018
Bank for International Settlements (BIS) - Research and Policy Analysis, Barclays Investment Bank, Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 601 (44,701)
Citation 25

Abstract:

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Covered interest parity, FX swaps, currency basis, limits to arbitrage, US dollar funding, currency hedging, preferred habitat investors, term structure

The Failure of Covered Interest Parity: FX Hedging Demand and Costly Balance Sheets

BIS Working Paper No. 590
Number of pages: 64 Posted: 28 Oct 2016
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 134 (221,553)

Abstract:

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Covered interest parity, FX swaps, currency basis, limits to arbitrage, US dollar funding, currency hedging

3.

Covered Interest Parity Lost: Understanding the Cross-Currency Basis

BIS Quarterly Review September 2016
Number of pages: 20 Posted: 05 Oct 2016
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 618 (43,661)
Citation 7

Abstract:

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4.

Evidence of Carry Trade Activity

BIS Quarterly Review, September 2007
Number of pages: 15 Posted: 28 Jun 2012 Last Revised: 29 Sep 2013
Alexandra Heath, Gabriele Galati and Patrick McGuire
Reserve Bank of Australia - Economic Research, De Nederlandsche Bank and Bank for International Settlements (BIS)
Downloads 597 (45,715)
Citation 3

Abstract:

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carry trade, BIS banking statistics

5.

The Architecture of Global Banking: From International to Multinational?

BIS Quarterly Review, March 2010
Number of pages: 13 Posted: 09 Aug 2012
Robert N. McCauley, Patrick McGuire and Goetz von Peter
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 516 (55,065)
Citation 8

Abstract:

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6.

Estimating Hedge Fund Leverage

BIS Working Paper No. 260
Number of pages: 41 Posted: 27 Jan 2009
Patrick McGuire and Kostas Tsatsaronis
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 472 (61,548)
Citation 17

Abstract:

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hedge funds, systemic risk, leverage, style analysis

7.

Common Factors in Emerging Market Spreads

BIS Quarterly Review, December 2003
Number of pages: 14 Posted: 30 Apr 2012
Patrick McGuire and Martijn Schrijvers
Bank for International Settlements (BIS) and Independent
Downloads 419 (71,172)
Citation 1

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8.

The US Dollar Shortage in Global Banking and the International Policy Response

BIS Working Paper No. 291
Number of pages: 32 Posted: 21 Oct 2009
Patrick McGuire and Goetz von Peter
Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 397 (75,856)
Citation 67

Abstract:

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international banking, financial crises, funding risk, US dollar shortage, central bank swap lines

9.

Interpreting TARGET2 Balances

BIS Working Paper No. 393
Number of pages: 23 Posted: 05 Jan 2013
Brandeis International Business School, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 355 (86,592)
Citation 2

Abstract:

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payment system, financial crisis, monetary policy, international lending

10.

Bank Structure, Funding Risk and the Transmission of Shocks Across Countries: Concepts and Measurement

BIS Quarterly Review, September 2010
Number of pages: 17 Posted: 20 Aug 2012
Ingo Fender and Patrick McGuire
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 332 (93,106)
Citation 2

Abstract:

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11.

Systemic Risk in Global Banking: What Can Available Data Tell Us and What More Data are Needed?

BIS Working Paper No. 376
Number of pages: 26 Posted: 12 Apr 2012
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
International Monetary Fund (IMF), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 289 (108,372)
Citation 5

Abstract:

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systemic risks, banking system, international, contagion, vulnerabilities

12.

Global Credit and Domestic Credit Booms

BIS Quarterly Review, September 2011
Number of pages: 15 Posted: 03 Sep 2012 Last Revised: 29 Sep 2013
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 274 (114,665)
Citation 4

Abstract:

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13.

Toward a Global Risk Map

BIS Working Paper No. 309
Number of pages: 27 Posted: 28 Jun 2010
Stephen G. Cecchetti, Ingo Fender and Patrick McGuire
Brandeis International Business School, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 267 (118,280)
Citation 21

Abstract:

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Risk Map, International Banking, Financial Crises, Yen Carry Trade, Funding Risk

14.

The US Dollar Shortage in Global Banking

BIS Quarterly Review, March 2009
Number of pages: 17 Posted: 26 Jul 2012
Bank for International Settlements (BIS), Bank for International Settlements - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 231 (136,498)
Citation 1

Abstract:

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15.

Assessing Global Liquidity

BIS Quarterly Review, December 2011
Number of pages: 15 Posted: 07 Sep 2012
Dietrich Domanski, Ingo Fender and Patrick McGuire
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 227 (138,831)

Abstract:

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16.

Global Monitoring with the BIS International Banking Statistics

BIS Working Paper No. 244
Number of pages: 29 Posted: 16 Apr 2008
Patrick McGuire and Nikola A. Tarashev
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 221 (142,490)
Citation 26

Abstract:

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international banking, foreign exposures, offshore centres, stress testing, petrodollars, Asian surplus

17.

Twin Peaks in Equity and Housing Prices?

BIS Quarterly Review, March 2004
Number of pages: 16 Posted: 19 Oct 2009 Last Revised: 09 Mar 2012
Claudio E. V. Borio and Patrick McGuire
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 219 (143,736)
Citation 3

Abstract:

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housing prices, asset bubbles

18.

Dollar Credit to Emerging Market Economies

BIS Quarterly Review December 2015
Number of pages: 15 Posted: 08 Dec 2015
Robert N. McCauley, Patrick McGuire and Vladyslav Sushko
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 208 (150,909)
Citation 3

Abstract:

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19.

Foreign Banks and Credit Conditions in EMEs

BIS Paper No. 91d
Number of pages: 23 Posted: 29 Apr 2017
Torsten Ehlers and Patrick McGuire
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 198 (158,076)
Citation 2

Abstract:

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International banking, foreign banks, Global Financial Crisis, BIS international banking statistics

20.

Rapid Credit Growth and International Credit: Challenges for Asia

BIS Working Paper No. 377
Number of pages: 28 Posted: 19 Apr 2012
Stefan Avdjiev, Robert N. McCauley and Patrick McGuire
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 195 (160,341)
Citation 6

Abstract:

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international credit, credit booms, cross-border lending, emerging markets

21.

European Banks' US Dollar Funding Pressures

BIS Quarterly Review, June 2010
Number of pages: 8 Posted: 16 Aug 2012
Ingo Fender and Patrick McGuire
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 193 (161,821)

Abstract:

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22.

Bank Health and Lending to Emerging Markets

BIS Quarterly Review, December 2008
Number of pages: 14 Posted: 23 Jul 2012 Last Revised: 29 Sep 2013
Patrick McGuire and Nikola A. Tarashev
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 185 (168,149)
Citation 1

Abstract:

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Emerging markets, international banking, financial crisis, foreign bank participation

23.

FX Swaps and Forwards: Missing Global Debt?

BIS Quarterly Review September 2017
Number of pages: 18 Posted: 26 Sep 2017
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 176 (175,870)
Citation 4

Abstract:

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24.

Global Dollar Credit: Links to US Monetary Policy and Leverage

BIS Working Paper No. 483
Number of pages: 36 Posted: 22 Jan 2015
Robert N. McCauley, Patrick McGuire and Vladyslav Sushko
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 157 (193,924)
Citation 3

Abstract:

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US dollar, offshore credit, interest rate differentials, leverage, bond fund flows, policy rates, term premium, unconventional monetary policy

Bank Ties and Bond Market Access: Evidence on Investment-Cash Flow Sensitivity in Japan

BIS Working Paper No. 151
Number of pages: 52 Posted: 20 Sep 2007
Patrick McGuire
Bank for International Settlements (BIS)
Downloads 124 (235,358)
Citation 2

Abstract:

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Bank Ties and Bond Market Access: Evidence on Investment-Cash Flow Sensitivity in Japan

NBER Working Paper No. w9644
Number of pages: 59 Posted: 26 Apr 2003
Patrick McGuire
Bank for International Settlements (BIS)
Downloads 29 (499,913)

Abstract:

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Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed?

IMF Working Paper No. 11/222
Number of pages: 27 Posted: 28 Sep 2011
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
International Monetary Fund (IMF), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 136 (218,851)

Abstract:

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Bank credit, Banking systems, Credit risk, Data collection, Financial risk, International banking, International financial system

Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed?

NBER Working Paper No. w18531
Number of pages: 27 Posted: 11 Nov 2012
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
International Monetary Fund (IMF), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 3 (678,558)

Abstract:

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27.
Downloads 110 (255,825)
Citation 3

Financial Deglobalisation in Banking?

BIS Working Paper No. 650
Number of pages: 31 Posted: 03 Jul 2017
Bank for International Settlements (BIS), Trinity College (Dublin), Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 110 (257,124)
Citation 3

Abstract:

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Financial globalisation, international banking, consolidation, ownership

Financial Deglobalisation in Banking?

Journal of International Money and Finance, Vol. 94, June 2019 DOI/10.1016/j.jimonfin.2019.01.011
Posted: 09 Apr 2019
Bank for International Settlements (BIS), Trinity College (Dublin), Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis

Abstract:

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Financial globalisation; International banking; Consolidation; Bank nationality; Ownership

28.

Time Varying Exposures and Leverage in Hedge Funds

BIS Quarterly Review, March 2005
Number of pages: 14 Posted: 19 Oct 2009 Last Revised: 09 Mar 2012
Patrick McGuire, Eli M. Remolona and Kostas Tsatsaronis
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 103 (267,695)

Abstract:

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hedge funds, leverage, style analysis

29.

The BIS Consolidated Banking Statistics: Structure, Uses and Recent Enhancements

BIS Quarterly Review, September 2005
Number of pages: 14 Posted: 26 May 2012 Last Revised: 29 Sep 2013
Patrick McGuire and Philip D. Wooldridge
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 85 (303,074)
Citation 1

Abstract:

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International banking, BIS banking statistics, country risk, transfer risk

30.

Tracking International Bank Flows

BIS Quarterly Review, December 2006
Number of pages: 14 Posted: 14 Jun 2012 Last Revised: 29 Sep 2013
Patrick McGuire and Nikola A. Tarashev
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 65 (352,866)

Abstract:

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International banking, international capital flows, global imbalances

31.
Downloads 61 (361,614)
Citation 5

Supply- and Demand-Side Factors in Global Banking

BIS Working Paper No. 639
Number of pages: 45 Posted: 07 Jun 2017
Mary Amiti, Patrick McGuire and David E. Weinstein
Federal Reserve Bank of New York, Bank for International Settlements (BIS) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 41 (442,160)

Abstract:

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international banking, global financial crisis, supply vs demand shocks, BIS consolidated banking statistics

Supply- and Demand-Side Factors in Global Banking

FRB of NY Staff Report No. 818
Number of pages: 32 Posted: 21 Jun 2017
Mary Amiti, Patrick McGuire and David E. Weinstein
Federal Reserve Bank of New York, Bank for International Settlements (BIS) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 12 (611,295)

Abstract:

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international banking, global financial crisis, supply shocks versus demand shocks, BIS consolidated banking statistics

Supply- and Demand-Side Factors in Global Banking

NBER Working Paper No. w23536
Number of pages: 32 Posted: 26 Jun 2017
Mary Amiti, Patrick McGuire and David E. Weinstein
Federal Reserve Bank of New York, Bank for International Settlements (BIS) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 8 (640,090)

Abstract:

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Supply- and Demand-Side Factors in Global Banking

CEPR Discussion Paper No. DP12091
Number of pages: 34 Posted: 19 Jun 2017
Mary Amiti, Patrick McGuire and David E. Weinstein
Federal Reserve Bank of New York, Bank for International Settlements (BIS) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 0
Citation 1
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Supply- and Demand-Side Factors in Global Banking

BIS Working Papers No 639
Posted: 31 May 2017
Mary Amiti, Patrick McGuire and David E. Weinstein
Federal Reserve Bank of New York, Bank for International Settlements (BIS) and Columbia University - Graduate School of Arts and Sciences - Department of Economics

Abstract:

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International banking, global financial crisis, supply vs demand shocks, BIS consolidated banking statistics

Supply- and Demand-Side Factors in Global Banking

Posted: 01 Jun 2017
Mary Amiti, Patrick McGuire and David E. Weinstein
Federal Reserve Bank of New York, Bank for International Settlements (BIS) and Columbia University - Graduate School of Arts and Sciences - Department of Economics

Abstract:

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International Banking, Global Financial Crisis, Supply vs Demand Shocks, BIS Consolidated Banking Statistics

32.

Enhanced Data to Analyse International Banking

BIS Quarterly Review September 2015
Number of pages: 16 Posted: 18 Sep 2015
Stefan Avdjiev, Patrick McGuire and Philip D. Wooldridge
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 61 (364,610)
Citation 2

Abstract:

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33.

Bank Ties and Firm Performance in Japan: Some Evidence Since FY2002

BIS Working Paper No. 272
Number of pages: 50 Posted: 29 Jul 2009
Patrick McGuire
Bank for International Settlements (BIS)
Downloads 60 (367,551)
Citation 1

Abstract:

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Cross-Shareholding, Main Bank, Japanese Banks, Firm Performance

34.

Non-US Banks' Claims on the Federal Reserve

BIS Quarterly Review March 2014
Number of pages: 10 Posted: 23 Jun 2014
Robert N. McCauley and Patrick McGuire
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 59 (370,566)
Citation 1

Abstract:

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35.

The 2011 FDIC Assessment on Banks Managed Liabilities: Interest Rate and Balance-Sheet Responses

BIS Working Paper No. 413
Number of pages: 32 Posted: 20 Jun 2013
Lawrence Kreicher, Robert N. McCauley and Patrick McGuire
Dartmouth College, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 59 (370,566)

Abstract:

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deposit insurance, reserve balances, money markets, federal funds, repo, eurodollars, wholesale funding, flow of funds, large-scale asset purchases, Dodd-Frank

36.

The Resilience of Banks' International Operations

BIS Quarterly Review March 2016
Number of pages: 14 Posted: 09 Mar 2016
Patrick McGuire and Goetz von Peter
Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 58 (373,631)
Citation 1

Abstract:

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37.

International Prudential Policy Spillovers: A Global Perspective

BIS Working Paper No. 589
Number of pages: 28 Posted: 28 Oct 2016
Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 47 (410,354)
Citation 1

Abstract:

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International banking, macroprudential measures, spillovers

38.

A Shift in London's Eurodollar Market

BIS Quarterly Review, September 2004
Number of pages: 12 Posted: 12 May 2012 Last Revised: 29 Sep 2013
Patrick McGuire
Bank for International Settlements (BIS)
Downloads 39 (441,429)

Abstract:

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International banking, international banking centres

Transmission of Monetary Policy Through Global Banks: Whose Policy Matters?

BIS Working Paper No. 737
Number of pages: 43 Posted: 23 Aug 2018
Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 26 (517,595)
Citation 3

Abstract:

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International banking, dollar lending, global funding currency, monetary policy transmission, international spillovers

Transmission of Monetary Policy Through Global Banks: Whose Policy Matters?

Journal of International Money and Finance, Vol 89, December 2018 DOI/10.1016/j.jimonfin.2018.08.013
Posted: 09 Apr 2019
Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis

Abstract:

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International banking; Currencies; Monetary policy transmission; International spillovers

40.

The Social Value of Policy Signals

BIS Working Paper No. 386
Number of pages: 37 Posted: 02 Oct 2012
Stefan Avdjiev, Patrick McGuire and Nikola A. Tarashev
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 24 (513,968)

Abstract:

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optimal disclosure, endogenous public signal, strategic complementarity, private information

41.

International Banking Activity Amidst the Turmoil

BIS Quarterly Review, June 2008
Number of pages: 13 Posted: 13 Jul 2012 Last Revised: 29 Sep 2013
Patrick McGuire and Goetz von Peter
Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 24 (513,968)

Abstract:

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Financial crisis, funding risk, international banking

42.

International Banking with the Euro

BIS Quarterly Review, December 2007
Number of pages: 15 Posted: 04 Jul 2012 Last Revised: 29 Sep 2013
Patrick McGuire and Nikola A. Tarashev
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 21 (531,628)
Citation 1

Abstract:

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International banking, introduction of the euro, banking integration, euro lending

43.

International Financial Flows and the Global Financial Cycle

IMF Economic Review (2018). DOI/10.1057/s41308-018-0072-6
Posted: 09 Apr 2019
Patrick McGuire, Mary Amiti and David E. Weinstein
Bank for International Settlements (BIS), Federal Reserve Bank of New York and Columbia University - Graduate School of Arts and Sciences - Department of Economics

Abstract:

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44.

After the Global Financial Crisis: From International to Multinational Banking?

Journal of Economics and Business, Vol. 64, No. 1, February 2012
Posted: 26 May 2013
Goetz von Peter, Robert N. McCauley and Patrick McGuire
Bank for International Settlements - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)

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Multinational banking, Global banks, Local operations, Regulatory reform, Basel III, Liquidity regulation