Piti Disyatat

Puey Ungphakorn Institute for Economic Research, Bank of Thailand

Executive Director

273 Samsen Road

Bangkhunphrom, Bangkok 10200

Thailand

SCHOLARLY PAPERS

21

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5,853

CITATIONS
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SSRN RANKINGS

Top 1,165

in Total Papers Citations

323

Scholarly Papers (21)

1.

Global Imbalances and the Financial Crisis: Link or No Link?

BIS Working Paper No. 346
Number of pages: 43 Posted: 08 Jun 2011
Claudio E. V. Borio and Piti Disyatat
Bank for International Settlements (BIS) - Research and Policy Analysis and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 2,629 (4,473)
Citation 162

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global imbalances, saving glut, money, credit, capital flows, current account, interest rates, financial crisis

2.
Downloads 391 ( 31,732)
Citation 69

Unconventional Monetary Policies: An Appraisal

BIS Working Paper No. 292
Number of pages: 37 Posted: 26 Jan 2010
Claudio E. V. Borio and Piti Disyatat
Bank for International Settlements (BIS) - Research and Policy Analysis and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 391 (73,097)
Citation 88

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unconventional monetary policy, balance sheet policy, credit policy, quantitative easing, credit easing, monetary policy implementation, transmission mechanism, interest rates

3.

Capital Flows and the Current Account: Taking Financing (More) Seriously

BIS Working Paper No. 525
Number of pages: 50 Posted: 22 Oct 2015
Claudio E. V. Borio and Piti Disyatat
Bank for International Settlements (BIS) - Research and Policy Analysis and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 460 (60,687)
Citation 16

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capital flows, current account, global imbalances, financial integration, credit, finance, money

4.

Monetary Policy Implementation: Misconceptions and Their Consequences

BIS Working Paper No. 269
Number of pages: 28 Posted: 27 Jan 2009
Piti Disyatat
Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 393 (73,317)
Citation 33

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Monetary policy implementation, transmission mechanism, interest rates, money, liquidity effect, bank lending channel, sterilized intervention

5.

Rethinking Potential Output: Embedding Information About the Financial Cycle

BIS Working Paper No. 404
Number of pages: 35 Posted: 12 Apr 2013 Last Revised: 10 May 2014
Bank for International Settlements (BIS) - Research and Policy Analysis, Puey Ungphakorn Institute for Economic Research, Bank of Thailand and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 388 (74,434)
Citation 39

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Potential output, output gap, financial cycle, monetary policy, fiscal policy

6.

Monetary Policy, the Financial Cycle and Ultralow Interest Rates

Bank of Finland Research Discussion Paper No. 24/2016
Number of pages: 65 Posted: 15 Aug 2016 Last Revised: 13 Jan 2018
Bank of Finland, Bank for International Settlements (BIS) - Research and Policy Analysis, Puey Ungphakorn Institute for Economic Research, Bank of Thailand and Bank for International Settlements (BIS)
Downloads 261 (115,467)
Citation 2

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natural interest rate, financial cycle, monetary policy, credit, business cycle

7.

Inflation Targeting, Asset Prices and Financial Imbalances: Conceptualizing the Debate

BIS Working Paper No. 168
Number of pages: 39 Posted: 20 Sep 2007 Last Revised: 18 Oct 2013
Piti Disyatat
Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 235 (128,507)
Citation 24

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Inflation targeting, asset prices, financial imbalances, policy horizon

8.
Downloads 224 (134,681)
Citation 60

The Bank Lending Channel Revisited

BIS Working Paper No. 297
Number of pages: 37 Posted: 24 Mar 2010
Piti Disyatat
Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 224 (134,262)
Citation 60

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Monetary Policy, Bank Lending Channel, Bank Capital, Credit, Money

The Bank Lending Channel Revisited

Journal of Money, Credit and Banking, Vol. 43, Issue 4, pp. 711-734, June 2011
Posted: 16 Jul 2011
Piti Disyatat
Puey Ungphakorn Institute for Economic Research, Bank of Thailand

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monetary policy, bank lending channel, bank capital, credit, money

9.
Downloads 91 (162,615)
Citation 17

Central Bank Tools and Liquidity Shortages

Economic Policy Review, Forthcoming
Number of pages: 14 Posted: 31 Oct 2009
Stephen G. Cecchetti and Piti Disyatat
Brandeis International Business School and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 91 (280,563)
Citation 13

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10.

The Effectiveness of Foreign Exchange Intervention in Emerging Market Countries: Evidence from the Czech Koruna

BIS Working Paper No. 172
Number of pages: 20 Posted: 20 Sep 2007
Gabriele Galati and Piti Disyatat
De Nederlandsche Bank and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 170 (173,678)
Citation 54

Abstract:

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foreign exchange, central banks and their policies

11.

Monetary Policy, the Financial Cycle and Ultra-Low Interest Rates

BIS Working Paper No. 569
Number of pages: 66 Posted: 20 Jul 2016
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) - Research and Policy Analysis, Puey Ungphakorn Institute for Economic Research, Bank of Thailand and Bank for International Settlements (BIS)
Downloads 147 (196,295)
Citation 27

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natural interest rate, financial cycle, monetary policy, credit, business cycle

12.

Why So Low for So Long? A Long-Term View of Real Interest Rates

BIS Working Paper No. 685
Number of pages: 73 Posted: 20 Dec 2017
Bank for International Settlements (BIS) - Research and Policy Analysis, Puey Ungphakorn Institute for Economic Research, Bank of Thailand, Bank of Finland and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 146 (197,434)
Citation 7

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real interest rate, natural interest rate, saving, investment, inflation, monetary policy

13.

Monetary Policy in the Grip of a Pincer Movement

BIS Working Paper No. 706
Number of pages: 39 Posted: 05 Mar 2018
Bank for International Settlements (BIS) - Research and Policy Analysis, Puey Ungphakorn Institute for Economic Research, Bank of Thailand, Bank of Finland and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 108 (248,399)

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monetary policy, financial stability, financial cycle, natural interest rate, inflation

14.

Monetary Policy and Financial Spillovers: Losing Traction?

BIS Working Paper No. 518
Number of pages: 44 Posted: 08 Oct 2015
Piti Disyatat and Phurichai Rungcharoenkitkul
Puey Ungphakorn Institute for Economic Research, Bank of Thailand and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 61 (349,408)
Citation 3

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Monetary policy, financial spillovers, contagion, interest rates, trilemma, bond risk premium, capital flows

15.

Financial Globalisation and Monetary Independence

BIS Paper No. 88h
Number of pages: 13 Posted: 02 Nov 2016
Piti Disyatat and Phurichai Rungcharoenkitkul
Puey Ungphakorn Institute for Economic Research, Bank of Thailand and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 57 (361,214)
Citation 1

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Monetary policy, financial spillovers, contagion, interest rates, trilemma, bond risk premium, capital flows

16.

Why so Low for so Long? A Long-Term View of Real Interest Rates

Bank of Finland Research Discussion Paper No. 36/2017
Number of pages: 75 Posted: 27 Dec 2017 Last Revised: 11 Jan 2018
Bank for International Settlements (BIS) - Monetary and Economic Department, Puey Ungphakorn Institute for Economic Research, Bank of Thailand, Bank of Finland and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 40 (419,105)

Abstract:

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real interest rate, natural interest rate, saving, investment, inflation, monetary policy

17.

What Anchors for the Natural Rate of Interest?

BIS Working Paper No. 777
Number of pages: 54 Posted: 01 Apr 2019
Bank for International Settlements (BIS) - Research and Policy Analysis, Puey Ungphakorn Institute for Economic Research, Bank of Thailand and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 37 (431,188)

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Real Interest Rate, Natural Interest Rate, Saving, Investment, Inflation, Monetary Policy, Safe Asset Shortage Hypothesis

18.

Comments on 'The Global Impact of Risk-Off Shocks'

BIS Paper No. 102b
Number of pages: 4 Posted: 22 May 2019
Piti Disyatat
Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 8 (586,868)

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19.

Dissecting Thailand’s International Trade: Evidence from 88 Million Export and Import Entries

Asian Development Review 36:1 March 2019
Number of pages: 34 Posted: 27 Mar 2019
Bank of Thailand, Puey Ungphakorn Institute for Economic Research, Bank of Thailand and University of California, San Diego - School of Global Policy and Strategy
Downloads 4 (613,096)
Citation 2

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export firms, export-oriented industrialization, international trade, Thailand

20.

Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance

Asian Economic Policy Review, Vol. 5, No. 2, pp. 198-216, 2010
Number of pages: 19 Posted: 03 Jan 2011
Claudio E. V. Borio and Piti Disyatat
Bank for International Settlements (BIS) - Research and Policy Analysis and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 3 (621,025)
Citation 2
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capital flow, credit, financial crisis, global imbalance, interest rate, saving glut

21.

Currency Crises and the Real Economy: The Role of Banks

European Economic Review, Vol. 48, No. 1, pp. 75-90, February 2004
Posted: 12 Aug 2009
Piti Disyatat
Puey Ungphakorn Institute for Economic Research, Bank of Thailand

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Currency crisis, Banking crisis, Foreign currency debt, Balance sheet