Eli M. Remolona

Bank for International Settlements (BIS) - Monetary and Economic Department

Chief Representative for Asia and the Pacific

IFC 2 Bldg, 78/F

Central

Hong Kong

Hong Kong

SCHOLARLY PAPERS

39

DOWNLOADS
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Top 3,523

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15,354

SSRN CITATIONS
Rank 2,613

SSRN RANKINGS

Top 2,613

in Total Papers Citations

107

CROSSREF CITATIONS

394

Scholarly Papers (39)

1.

What Moves the Bond Market?

Economic Policy Review, Vol. 3, No. 4, December 1997
Number of pages: 20 Posted: 24 Sep 2007
Michael J. Fleming and Eli M. Remolona
Federal Reserve Bank of New York and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 2,139 (10,141)
Citation 10

Abstract:

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bonds, U.S. Treasury Market

2.

The Credit Spread Puzzle

BIS Quarterly Review, December 2003
Number of pages: 14 Posted: 29 Apr 2012
Jeffery D. Amato and Eli M. Remolona
Goldman Sachs International and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 1,576 (16,460)
Citation 60

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3.

The International Financial Crisis and Policy Challenges in Asia and the Pacific

BIS Paper No. 52
Number of pages: 402 Posted: 24 Jul 2010
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS), Reserve Bank of New Zealand, Swiss National Bank, Bruegel, Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), European Banking Authority, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia University - Columbia Business School, Finance, Herbert Smith, affiliation not provided to SSRN, University of Wisconsin - Madison - Department of Economics, University of British Columbia (UBC) - Department of Economics, London School of Economics & Political Science (LSE) - Financial Markets Group, Board of Governors of the Federal Reserve System, Bank for International Settlements (BIS), affiliation not provided to SSRN, Bank of Japan - Institute of Monetary and Economic Studies, Bank of Thailand, Central Bank of Malaysia and Government of the Republic of the Philippines - Central Bank of the Philippines-Bangko Sentral ng Pilipinas
Downloads 1,229 (23,927)
Citation 1

Abstract:

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4.

The Price Impact of Rating Announcements: Which Announcements Matter?

BIS Working Paper No. 207
Number of pages: 31 Posted: 20 Sep 2007
Marian Micu, Eli M. Remolona and Philip D. Wooldridge
Swiss Re, Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 1,174 (25,569)
Citation 55

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Credit default swaps, credit ratings, event study, market reaction

5.

A Ratings-Based Approach to Measuring Sovereign Risk

International Journal of Finance and Economics, 2008, vol. 13, no. 1, pp. 26-39
Number of pages: 26 Posted: 15 Feb 2007 Last Revised: 21 May 2015
Eli M. Remolona, Michela Scatigna and Eliza Wu
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) and The University of Sydney - Business School
Downloads 1,080 (28,837)
Citation 7

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Sovereign credit ratings, country risk, expected loss, sovereign debt, emerging markets

6.

Risk in Carry Trades: A Look at Target Currencies in Asia and the Pacific

BIS Quarterly Review, December 2007
Number of pages: 10 Posted: 07 Jul 2012
Jacob Gyntelberg and Eli M. Remolona
European Banking Authority and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 918 (36,366)
Citation 1

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7.

The Pricing of Unexpected Credit Losses

BIS Working Paper No. 190
Number of pages: 46 Posted: 20 Sep 2007
Jeffery D. Amato and Eli M. Remolona
Goldman Sachs International and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 648 (57,922)
Citation 22

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credit spread puzzle, jump-at-default risk, Sharpe ratio, collateralised debt obligation

Price Formation and Liquidity in the U.S. Treasury Market: The Response to Public Information

Number of pages: 21 Posted: 09 Mar 1999
Michael J. Fleming and Eli M. Remolona
Federal Reserve Bank of New York and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 646 (57,409)
Citation 56

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Price Formation and Liquidity in the U.S. Treasury Market: The Response to Public Information

Posted: 09 Mar 1999
Michael J. Fleming and Eli M. Remolona
Federal Reserve Bank of New York and Bank for International Settlements (BIS) - Monetary and Economic Department

Abstract:

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9.

The Term Structure of Announcement Effects

BIS Working Paper No. 71
Number of pages: 36 Posted: 13 Dec 2005
Michael J. Fleming and Eli M. Remolona
Federal Reserve Bank of New York and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 600 (63,915)
Citation 39

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Announcements, Term structure, Expectations

10.

Interpreting Sovereign Spreads

BIS Quarterly Review, March 2007
Number of pages: 13 Posted: 19 Jun 2012
Eli M. Remolona, Michela Scatigna and Eliza Wu
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) and The University of Sydney - Business School
Downloads 545 (72,132)
Citation 1

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11.

Market Returns and Mutual Fund Flows

Economic Policy Review, Vol. 3, No. 2, July 1997
Number of pages: 20 Posted: 19 Nov 2007
Eli M. Remolona, Paul Kleiman and Debbie Gruenstein Bocain
Bank for International Settlements (BIS) - Monetary and Economic Department, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 478 (84,697)
Citation 2

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instrumental variables, returns, flows

Local Currency Bond Markets and the Asian Bond Fund 2 Initiative

BIS Paper No. 63f
Number of pages: 27 Posted: 15 Feb 2012 Last Revised: 05 Oct 2013
Eric Chan, Michael K.F. Chui, Frank Packer and Eli M. Remolona
affiliation not provided to SSRN, Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 193 (218,491)

Abstract:

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Bond markets, yield curve, derivatives, market liquidity

13.

Securitisation in Asia and the Pacific: Implications for Liquidity and Credit Risks

BIS Quarterly Review, June 2006
Number of pages: 12 Posted: 08 Jun 2012
Jacob Gyntelberg and Eli M. Remolona
European Banking Authority and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 417 (99,331)
Citation 1

Abstract:

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Securitisation, Asia, liquidity, credit risk

14.

Corporate Bond Markets in Asia

BIS Quarterly Review, December 2005
Number of pages: 11 Posted: 31 May 2012
Jacob Gyntelberg, Guonan Ma and Eli M. Remolona
European Banking Authority, Bruegel and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 414 (100,199)
Citation 1

Abstract:

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Corporate bond marrket, Asia

15.

Uncovering Inflation Expectations and Risk Premiums from Internationally Integrated Financial Markets

Number of pages: 39 Posted: 18 Nov 1999
Ben S. C. Fung, Scott Mitnick and Eli M. Remolona
Bank of Canada, Independent and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 293 (146,255)
Citation 8

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16.

Why Do Firms Issue Abroad? Lessons from Onshore and Offshore Corporate Bond Finance in Asian Emerging Markets

BIS Working Paper No. 401
Number of pages: 51 Posted: 12 Apr 2013
Paul Mizen, Frank Packer, Eli M. Remolona and Serafeim Tsoukas
University of Nottingham, Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department and University of Glasgow
Downloads 278 (154,278)

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bond financing, offshore markets, derivatives, capital structure, emerging markets, market depth, Asian bond markets

17.

Price Discovery in a Market Under Stress: The U.S. Treasury Market in Fall 1998

EFA 2003 Annual Conference Paper No. 558, FRB Chicago Working Paper No. 2005-06
Number of pages: 49 Posted: 06 Aug 2003
Craig Furfine and Eli M. Remolona
Kellogg School of Management - Department of Finance and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 268 (160,150)
Citation 5

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price discovery, liquidity, depth, market makers, treasury

18.

Information Flows During the Asian Crisis: Evidence from Closed-End Funds

EFMA 2001 Lugano Meetings, BIS Working Paper No. 97
Number of pages: 58 Posted: 13 Dec 2005
Benjamin H. Cohen and Eli M. Remolona
Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 256 (167,669)
Citation 2

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A Three-Factor Econometric Model of the U.S. Term Structure

FRB of New York Staff Report No. 19
Number of pages: 54 Posted: 17 Nov 2006
Eli M. Remolona
Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 245 (174,349)

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term structure, pricing kernel, affine yields, mean reversion, time-varying mean, Kalman filter

A Three-Factor Econometric Model of the U.S. Term Structure

Federal Reserve Bank of New York Staff Report No. 19
Posted: 22 Feb 1998
Frank F. Gong and Eli M. Remolona
Bank of America - Bank of America, Hong Kong and Bank for International Settlements (BIS) - Monetary and Economic Department

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20.

The Changing Shape of Fixed Income Markets

BIS Working Paper No. 104
Number of pages: 51 Posted: 13 Dec 2005
Eli M. Remolona and Philip D. Wooldridge
Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 210 (202,435)
Citation 1

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Price Formation and Liquidity in the U.S. Treasury Market: Evidence from Intraday Patterns Around Announcements

FRB of New York Staff Report No. 27
Number of pages: 55 Posted: 11 Nov 2006
Michael J. Fleming and Eli M. Remolona
Federal Reserve Bank of New York and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 196 (215,547)
Citation 18

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Price Formation and Liquidity in the U.S. Treasury Market: Evidence from Intraday Patterns Around Announcements

Federal Reserve Bank of New York Staff Reports Number 27
Posted: 14 Jan 1998
Michael J. Fleming and Eli M. Remolona
Federal Reserve Bank of New York and Bank for International Settlements (BIS) - Monetary and Economic Department

Abstract:

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22.

What Was the Market's View of U.K. Monetary Policy? Estimating Inflation Risk and Expected Inflation with Indexed Bonds

FRB of New York Staff Report No. 57
Number of pages: 45 Posted: 15 Oct 2006
Bank for International Settlements (BIS) - Monetary and Economic Department, University of YorkCardiff Business School and Bank of America - Bank of America, Hong Kong
Downloads 183 (228,924)
Citation 17

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inflation risk, expected inflation, indexed bonds, affine yields and monetary policy

23.

Going Regional: How to Deepen ASEAN’s Financial Markets

Asian Development Bank Economics Working Paper Series No. 300
Number of pages: 53 Posted: 03 Apr 2012
Maria Socorro Gochoco‐Bautista and Eli M. Remolona
University of the Philippines, School of Economics and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 165 (249,909)
Citation 5

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asean, capital controls, capital flows, cross border capital flows, capital markets, international capital, regional cooperation, financial markets, financial market development, financial systems, bonds, bond markets, corporate bonds, banking systems

24.

Credit Derivatives and Structured Credit: The Nascent Markets of Asia and the Pacific

BIS Quarterly Review, June 2008
Number of pages: 9 Posted: 15 Jul 2012
Eli M. Remolona and Ilhyock Shim
Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 161 (255,216)

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25.

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 143 (280,758)

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hedge funds, leverage, style analysis

Expectations and Risk Premia at 8:30am: Macroeconomic Announcements and the Yield Curve

BIS Working Paper No. 527
Number of pages: 54 Posted: 16 Nov 2015
Peter Hördahl, Eli M. Remolona and Giorgio Valente
Bank for International Settlements (BIS) - BIS Representative Office for Asia and the Pacific, Bank for International Settlements (BIS) - Monetary and Economic Department and Hong Kong Institute for Monetary and Financial Research (HKIMR)
Downloads 69 (456,760)

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Bond excess returns, term structure of interest rates, affine models, macroeconomic announcements

Expectations and Risk Premia at 8:30am: Macroeconomic Announcements and the Yield Curve

Asian Finance Association (AsianFA) 2016 Conference
Number of pages: 70 Posted: 03 Feb 2016
Peter Hördahl, Eli M. Remolona and Giorgio Valente
Bank for International Settlements (BIS) - BIS Representative Office for Asia and the Pacific, Bank for International Settlements (BIS) - Monetary and Economic Department and Hong Kong Institute for Monetary and Financial Research (HKIMR)
Downloads 63 (478,913)
Citation 6

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bond excess returns, term structure of interest rates, affine models, macroeconomic announcements

27.

The Rise of Regional Banking in Asia and the Pacific

BIS Quarterly Review September 2015
Number of pages: 16 Posted: 18 Sep 2015
Eli M. Remolona and Ilhyock Shim
Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 123 (314,824)

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28.

The Price Impact of Rating Announcements: Evidence from the Credit Default Swap Market

BIS Quarterly Review, June 2004
Number of pages: 12 Posted: 07 May 2012 Last Revised: 29 Sep 2013
Marian Micu, Eli M. Remolona and Philip D. Wooldridge
Swiss Re, Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 97 (369,943)
Citation 2

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29.

Opening Markets Through a Regional Bond Fund: Lessons from ABF2

BIS Quarterly Review, June 2005
Number of pages: 12 Posted: 24 May 2012 Last Revised: 29 Sep 2013
Guonan Ma and Eli M. Remolona
Bruegel and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 95 (374,735)
Citation 2

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30.

Changes in Market Functioning and Central Bank Policy: An Overview of the Issues

BIS Working Paper No. 120
Number of pages: 34 Posted: 13 Dec 2005
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 88 (393,024)
Citation 2

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31.

Managing Expectations by Words and Deeds: Monetary Policy in Asia and the Pacific

BBVA Working Papers No. 0805 , BIS Working Papers No. 47
Number of pages: 35 Posted: 20 Aug 2009
Alicia García-Herrero and Eli M. Remolona
Bruegel and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 69 (451,002)
Citation 4

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32.

The Anatomy of Sovereign Credit Contagion

Number of pages: 44 Posted: 14 Jul 2015
Elena Kalotychou, Eli M. Remolona and Eliza Wu
Cass Business School, City, University of London, Bank for International Settlements (BIS) - Monetary and Economic Department and The University of Sydney - Business School
Downloads 67 (457,903)

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sovereign risk, credit event, contagion, spillover, credit default swap, debt crisis, global factor

33.

Do Small Bank Deposits Run More than Large Ones? Three Event Studies of Contagion and Financial Inclusion

BIS Working Paper No. 724
Number of pages: 32 Posted: 22 May 2018
Dante Canlas, Johnny Noe RAVALO and Eli M. Remolona
University of the Philippines, Government of the Republic of the Philippines - Central Bank of the Philippines-Bangko Sentral ng Pilipinas and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 61 (479,877)
Citation 1

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Financial inclusion, financial stability, contagion, bank run, event study, selection bias

34.

ADB Forum on the Use of Capital Controls

Asian Development Review, Vol. 29, No. 1, pp. 82-88, 2012
Number of pages: 47 Posted: 12 Jul 2012
Georgetown University, University of the Philippines, School of Economics, Asian Development Bank, University of California, Santa Cruz - Department of Economics, Thailand Development Research Institute, Bank for International Settlements (BIS) - Monetary and Economic Department and Asian Development Bank Institute
Downloads 60 (483,754)
Citation 3

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agriculture, wages, migrants, income, urban migrants, rural–urban migration, rural households, urban–rural divide, employment quality, education quality, urbanization, industrialization, effect of migration, special economic zones, foreign direct investment, productivity growth, nonfarm employment

35.

Reaching for Yield: Selected Issues for Reserve Managers

BIS Quarterly Review, September 2003
Number of pages: 10 Posted: 27 Apr 2012 Last Revised: 29 Sep 2013
Eli M. Remolona and Martijn Schrijvers
Bank for International Settlements (BIS) - Monetary and Economic Department and Independent
Downloads 38 (583,502)

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36.

How Do Global Investors Differentiate between Sovereign Risks? The New Normal versus the Old

BIS Working Paper No. 541
Number of pages: 23 Posted: 26 Jan 2016
Marlene Amstad, Marlene Amstad, Eli M. Remolona and Jimmy Shek
Harvard Kennedy SchoolThe Chinese University of Hong Kong, Shenzhen, Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS)
Downloads 35 (600,244)
Citation 1

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Emerging market, CDS, sovereign risk, risk factor, new normal, taper tantrum

37.

Common Lenders in Emerging Asia: Their Changing Roles in Three Crises

BIS Quarterly Review, March 2018
Number of pages: 12 Posted: 13 Mar 2018
Catherine Casanova and Eli M. Remolona
SNB and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 34 (605,969)
Citation 1

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38.

The Dynamic Pricing of Sovereign Risk in Emerging Markets: Fundamentals and Risk Aversion

Journal of Fixed Income, Vol. Spring, 2008, https://doi.org/10.3905/jfi.2008.705542
Posted: 22 May 2019
Eli M. Remolona, Michela Scatigna and Eliza Wu
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) and The University of Sydney - Business School

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sovereign risk, default risk premia, risk aversion, credit default swaps, emerging market debt

39.

What Was the Market's View of UK Monetary Policy? Estimating Inflation Risk and Expected Inflation with Indexed Bonds

CEPR Discussion Paper No. 2022
Posted: 31 Dec 1998
Bank of America - Bank of America, Hong Kong, University of YorkCardiff Business School and Bank for International Settlements (BIS) - Monetary and Economic Department

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