José María Serena

Bank for International Settlements (BIS)

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

  • Bank for International Settlements (BIS)

SCHOLARLY PAPERS

21

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SSRN CITATIONS
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Top 3,538

in Total Papers Citations

141

CROSSREF CITATIONS

332

Scholarly Papers (21)

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1.

Sovereign External Assets and the Resilience of Global Imbalances

Banco de Espana Working Paper No. 0834
Number of pages: 32 Posted: 06 Feb 2009
Enrique Alberola and José María Serena
Bank of Spain- International Dept and Bank for International Settlements (BIS)
Downloads 341 (153,124)
Citation 34

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international reserves, sovereign wealth funds, global imbalances, exchange rates

2.

Does Exchange Rate Depreciation Have Contractionary Effects on Firm-Level Investment?

Downloads 278 (189,768)
Citation 6

Does Exchange Rate Depreciation Have Contractionary Effects on Firm-Level Investment?

BIS Working Paper No. 624
Number of pages: 36 Posted: 29 Apr 2017
José María Serena and Ricardo Sousa
Bank for International Settlements (BIS) and Independent
Downloads 226 (231,958)

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investment, exchange rate, balance sheet, bonds, firm-level data, debt

Does Exchange Rate Depreciation Have Contractionary Effects on Firm-Level Investment?

European Stability Mechanism Working Paper No. 26; ISBN 978-92-95085-47-3
Number of pages: 43 Posted: 13 Mar 2018
José María Serena and Ricardo Sousa
Bank for International Settlements (BIS) and European Stability Mechanism
Downloads 52 (663,161)
Citation 11

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investment, exchange rate, balance sheet, bonds, firm-level data, debt

3.

Believing in Bail-In? Market Discipline and the Pricing of Bail-In Bonds

BIS Working Paper No. 831
Number of pages: 36 Posted: 18 Dec 2019
Ulf Lewrick, José María Serena and Grant Turner
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) and Reserve Bank of Australia
Downloads 185 (279,383)
Citation 2

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too big to fail, banking regulation, TLAC, financial stability

4.

How Firms Borrow in International Bond Markets: Securities Regulation and Market Segmentation

Banco de Espana Working Paper No. 1603
Number of pages: 64 Posted: 03 Feb 2016
Alberto Fuertes and José María Serena
Banco de España and Bank for International Settlements (BIS)
Downloads 184 (280,689)
Citation 63

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bond markets, securities regulation, debt choice, Rule 144, Eurobond, Global bond

5.

Macroeconomic Policy in Brazil: Inflation Targeting, Public Debt Structure and Credit Policies

Banco de Espana Occasional Paper No. 1405
Number of pages: 34 Posted: 09 Oct 2014
Fernando López Vicente and José María Serena
Banco de España and Bank for International Settlements (BIS)
Downloads 161 (315,052)

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public debt, central banking, credit policies, Brazil.

6.

Domestic Financial Markets and Offshore Bond Financing

BIS Quarterly Review September 2016
Number of pages: 17 Posted: 05 Oct 2016
José María Serena and Ramon Moreno
Bank for International Settlements (BIS) and Self employed
Downloads 151 (332,372)
Citation 1

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7.

Global Financial Integration, Monetary Policy and Reserve Accumulation: Assessing the Limits in Emerging Economies

Banco de España Research Paper No. WP-0706
Number of pages: 39 Posted: 03 Apr 2007
Enrique Alberola and José María Serena
Bank of Spain- International Dept and Bank for International Settlements (BIS)
Downloads 145 (343,431)
Citation 50

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international reserves, monetary policy, central banks, sterilization, internal costs

8.

International Reserves and Gross Capital Flows - Dynamics During Financial Stress

Banco de Espana Working Paper No. 1211
Number of pages: 36 Posted: 22 Feb 2012
Enrique Alberola, Aitor Erce and José María Serena
Bank of Spain- International Dept, UPNA and Bank for International Settlements (BIS)
Downloads 140 (353,134)
Citation 61

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gross capital flows, international reserves, systemic crises, capital retrenchment

9.

The Impact of the Global Economic and Financial Crisis on Central Eastern and Southeastern Europe (CESEE) and Latin America

Banco de Espana Occasional Paper No. 1002
Number of pages: 55 Posted: 08 Jul 2010
Sonsoles Gallego Herrero, Sandor Gardo, Reiner Martin, Luis Molina and José María Serena
Banco de España, Oesterreichische Nationalbank (OeNB), National Bank of Slovakia, Banco de España and Bank for International Settlements (BIS)
Downloads 136 (361,233)
Citation 4

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Financial crisis, Central, Eastern and Southeastern Europe, Latin America

10.

Private Equity Buyouts and Firm Exports: Evidence from UK Firms

BIS Working Papers No 961
Number of pages: 70 Posted: 10 May 2021 Last Revised: 17 Aug 2021
Paul Lavery, José María Serena, Marina‐Eliza Spaliara and Serafeim Tsoukas
Adam Smith Business School, University of Glasgow, Bank for International Settlements (BIS), University of Glasgow - Adam Smith Business School and University of Glasgow - Adam Smith Business School
Downloads 117 (404,398)
Citation 1

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Private equity buyouts; exporting; financial constraints; transactions

11.

What Drives Bank-Intermediated Trade Finance? Evidence from Cross-Country Analysis

Banco de Espana Working Paper No. 1524
Number of pages: 26 Posted: 17 Sep 2015
José María Serena and Garima Vasishtha
Bank for International Settlements (BIS) and International Monetary Fund
Downloads 90 (484,508)
Citation 2

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bank-intermediated trade finance, trade flows, global financial crisis

12.

Firms' Credit Risk and the Onshore Transmission of the Global Financial Cycle

BIS Working Paper No. 712
Number of pages: 71 Posted: 06 Apr 2018
José María Serena and Ramon Moreno
Bank for International Settlements (BIS) and Self employed
Downloads 80 (520,470)

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international bonds, credit risk, global risk appetite, firm-level data

13.

Dollar Borrowing, Firm-Characteristics, and FX-Hedged Funding Opportunities

Downloads 79 (524,318)
Citation 47

Dollar Borrowing, Firm-Characteristics, and FX-Hedged Funding Opportunities

Banco de Espana Working Paper No. 2005 (2020)
Number of pages: 39 Posted: 05 Mar 2020
Leonardo Gambacorta, Sergio Mayordomo and José María Serena
Bank for International Settlements (BIS), Banco de España and Bank for International Settlements (BIS)
Downloads 49 (681,273)
Citation 45

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covered interest rate parity, credit spread, debt issuance, dollar convenience yield, foreign exchange rate hedge, limits of arbitrage

Dollar Borrowing, Firm-Characteristics, and FX-Hedged Funding Opportunities

BIS Working Paper No. 843
Number of pages: 40 Posted: 09 Mar 2020
Leonardo Gambacorta, Sergio Mayordomo and José María Serena
Bank for International Settlements (BIS), Banco de España and Bank for International Settlements (BIS)
Downloads 30 (821,261)

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covered interest rate parity, credit spread, debt issuance, dollar convenience yield, foreign exchange rate hedge, limits of arbitrage

Dollar Borrowing, Firm-Characteristics, and FX-Hedged Funding Opportunities

CEPR Discussion Paper No. DP14419
Number of pages: 39 Posted: 03 Mar 2020
Leonardo Gambacorta, Sergio Mayordomo and José María Serena
Bank for International Settlements (BIS), Banco de España and Bank for International Settlements (BIS)
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Covered interest rate parity, credit spread, debt issuance, dollar convenience yield, foreign exchange rate hedge, Limits of arbitrage

14.

Changes in Funding Patterns by Latin American Banking Systems: How Large? How Risky?

Downloads 70 (561,321)
Citation 51

Changes in Funding Patterns by Latin American Banking Systems: How Large? How Risky?

Banco de Espana Working Paper No. 1521
Number of pages: 47 Posted: 27 Jul 2015
Liliana Rojas-Suarez and José María Serena
Center for Global Development and Bank for International Settlements (BIS)
Downloads 38 (757,206)

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emerging economies´ banks, locally supervised institutions, international debt, wholesale funding, Latin America and financial fragilities

Changes in Funding Patterns by Latin American Banking Systems: How Large? How Risky?

Center for Global Development Working Paper No. 420
Number of pages: 48 Posted: 02 Dec 2015
Liliana Rojas-Suarez and José María Serena
Center for Global Development and Bank for International Settlements (BIS)
Downloads 32 (804,335)
Citation 52

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emerging economies’ banks, locally supervised institutions, international debt, wholesale funding, Latin America, financial fragilities

15.

Private equity buyouts and exports: The impact of Brexit on UK firms

British Journal of Management, forthcoming
Number of pages: 47 Posted: 09 Feb 2023
Paul Lavery, José María Serena, Marina‐Eliza Spaliara and Serafeim Tsoukas
Adam Smith Business School, University of Glasgow, Bank for International Settlements (BIS), University of Glasgow - Adam Smith Business School and University of Glasgow - Adam Smith Business School
Downloads 60 (607,469)

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private equity buyouts, exporting, Brexit, transactions

16.

International Bank Lending and Corporate Debt Structure

BIS Working Paper No. 857
Number of pages: 57 Posted: 17 Apr 2020
José María Serena and Serafeim Tsoukas
Bank for International Settlements (BIS) and University of Glasgow - Adam Smith Business School
Downloads 59 (612,568)
Citation 2

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credit lines, term loans, bank capital requirements, firm-level data, non-bank financial intermediaries

17.

Integración Financiera Y Modelos De Financiación De Los Bancos Globales (Financial Integration and Global Banks Funding Models)

Banco de Espana Occasional Paper No. 1401
Number of pages: 46 Posted: 29 May 2014
José María Serena and Eva Valdeolivas
Bank for International Settlements (BIS) and Ernst & Young
Downloads 59 (612,568)

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financial integration, global banks, funding models

18.

Dampening the Financial Accelerator? Direct Lenders and Monetary Policy

Banco de Espana Working Paper No. 2201
Number of pages: 42 Posted: 20 Jan 2022
Ryan Banerjee and José María Serena
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 58 (617,796)
Citation 1

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direct lending, monetary policy, financial accelerator, credit channel

19.

International Reserves and Gross Capital Flows Dynamics

Fondo Latinoamericano de Reservas Discussion Paper No. 3
Number of pages: 25 Posted: 02 Aug 2014
Enrique Alberola, Aitor Erce and José María Serena
Bank of Spain- International Dept, UPNA and Bank for International Settlements (BIS)
Downloads 57 (622,904)
Citation 3

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gross capital flows, international reserves, systemic crises, capital retrenchment

20.

International Reserves and Gross Capital Flow Dynamics

BIS Working Paper No. 512
Number of pages: 29 Posted: 02 Oct 2015
Enrique Alberola, Aitor Erce and José María Serena
Bank of Spain- International Dept, UPNA and Bank for International Settlements (BIS)
Downloads 54 (638,807)

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Gross capital flows, international reserves, systemic crises, capital retrenchment

21.

Banks’ Market Capital and the International Risk Taking Channel of Us Monetary Policy

Number of pages: 48 Posted: 07 Jul 2022
Stefan Avdjiev and José María Serena
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 33 (774,418)

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bank capital, international risk taking channel, US monetary policy, international leveraged loans