Piti Disyatat

Puey Ungphakorn Institute for Economic Research, Bank of Thailand

Executive Director

273 Samsen Road

Bangkhunphrom, Bangkok 10200

Thailand

SCHOLARLY PAPERS

25

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Top 7,855

in Total Papers Downloads

8,201

SSRN CITATIONS
Rank 2,436

SSRN RANKINGS

Top 2,436

in Total Papers Citations

219

CROSSREF CITATIONS

317

Scholarly Papers (25)

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 2,708 (6,833)
Citation 193

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

2.

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 816 (42,152)
Citation 1

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

3.
Downloads 811 ( 42,517)
Citation 58

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 429 (94,042)
Citation 66

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

Unconventional Monetary Policies: An Appraisal

BIS Working Paper No. 292
Number of pages: 37 Posted: 23 Nov 2009
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 380 (108,235)
Citation 21

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

Unconventional Monetary Policies: An Appraisal

The Manchester School, Vol. 78, Issue s1, pp. 53-89, September 2010
Number of pages: 37 Posted: 10 Aug 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 2 (896,068)

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4.

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 660 (55,842)
Citation 13

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

5.

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 535 (72,839)
Citation 36

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

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: 18 Nov 2021
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 474 (84,424)
Citation 5

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7.

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 399 (103,138)
Citation 17

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

8.

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 256 (165,543)
Citation 9

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Inflation targeting, asset prices, financial imbalances, policy horizon

9.
Downloads 248 (170,669)

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 248 (170,088)
Citation 51

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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

10.
Downloads 98 (170,669)
Citation 17

Central Bank Tools and Liquidity Shortages

Economic Policy Review, Forthcoming
Number of pages: 14 Posted: 31 Oct 2009
National Bureau of Economic Research (NBER)Brandeis International Business School and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 98 (365,929)
Citation 10

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11.

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 186 (222,908)
Citation 17

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foreign exchange, central banks and their policies

12.

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 163 (249,339)
Citation 8

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

13.

Global and Domestic Financial Cycles: Variations on a Theme

BIS Working Paper No. 864
Number of pages: 32 Posted: 15 May 2020
Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 139 (283,519)
Citation 2

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global financial cycle, financial cycle, business cycle, capital flows

14.

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 138 (285,055)
Citation 3

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

15.

Monetary Policy Hysteresis and the Financial Cycle

BIS Working Paper No. 817
Number of pages: 44 Posted: 08 Oct 2019
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) - Research and Policy Analysis and Puey Ungphakorn Institute for Economic Research, Bank of Thailand
Downloads 125 (307,236)
Citation 5

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monetary policy, financial cycle, money neutrality, hysteresis, natural rate of interest

16.

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 117 (322,158)

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

17.

Central Bank Swap Lines and Cross-Border Bank Flows

BIS Bulletin No 34
Number of pages: 9 Posted: 12 Feb 2021
Bank for International Settlements (BIS), Bank for International Settlements (BIS), Puey Ungphakorn Institute for Economic Research, Bank of Thailand, International Monetary Fund (IMF) - Monetary and Capital Markets Department, Bank for International Settlements (BIS) and Bank for International Settlements - Research and Policy Analysis
Downloads 89 (385,494)

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dollar funding, dollar liqudiity, central bank swap lines, cross border capital flows

18.

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 82 (404,922)

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

19.

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 66 (455,962)
Citation 1

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

20.

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: 18 Nov 2021
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 47 (532,094)
Citation 8

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21.

Losing traction? The real effects of monetary policy when interest rates are low

Number of pages: 35 Posted: 29 Mar 2022
U.S. Department of the Treasury - Office of the Comptroller of the Currency, 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 16 (724,440)

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Monetary policy, low interest rates, monetary transmission mechanism

22.

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 15 (732,889)
Citation 2

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

23.

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 9 (786,885)

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24.

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 4 (835,934)
Citation 1

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capital flow, credit, financial crisis, global imbalance, interest rate, saving glut

25.

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