José María Serena

Bank for International Settlements (BIS)

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

SCHOLARLY PAPERS

21

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1,910

SSRN CITATIONS
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Top 2,801

in Total Papers Citations

137

CROSSREF CITATIONS

335

Scholarly Papers (21)

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 for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 327 (130,403)
Citation 33

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

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 153 (266,605)

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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 30 (646,814)
Citation 11

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

3.

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 159 (257,855)
Citation 62

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

4.

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 135 (293,508)

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public debt, central banking, credit policies, Brazil.

5.

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 132 (298,532)
Citation 1

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

6.

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 for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 129 (303,809)
Citation 50

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

7.

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 for International Settlements (BIS), UPNA and Bank for International Settlements (BIS)
Downloads 119 (322,177)
Citation 57

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

8.

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 118 (324,065)
Citation 1

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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
Banco de España, Oesterreichische Nationalbank (OeNB), National Bank of Slovakia, Banco de España and Bank for International Settlements (BIS)
Downloads 115 (330,005)
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
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 87 (395,594)
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 65 (464,788)
Citation 3

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

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 34 (620,418)
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 19 (733,770)

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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

13.

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 53 (511,714)

Abstract:

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

14.

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 46 (543,083)

Abstract:

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financial integration, global banks, funding models

15.

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 for International Settlements (BIS), UPNA and Bank for International Settlements (BIS)
Downloads 41 (567,807)

Abstract:

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

16.

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 for International Settlements (BIS), UPNA and Bank for International Settlements (BIS)
Downloads 40 (572,932)
Citation 3

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

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 25 (683,713)

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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 14 (779,915)
Citation 52

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

18.

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 37 (588,825)

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

19.

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 26 (657,104)

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direct lending, monetary policy, financial accelerator, credit channel

20.

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 5 (841,493)

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

21.

Reserves, Sovereign Wealth Funds and the Resilience of Global Imbalances

Economic Notes, Vol. 37, Issue 3, pp. 315-343, November 2008
Number of pages: 29 Posted: 17 Jan 2009
Enrique Alberola and José María Serena
Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 1 (892,065)

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