Claudio E. V. Borio

Bank for International Settlements (BIS) - Research and Policy Analysis

CH-4002 Basel, Basel-Stadt

Switzerland

  • Bank for International Settlements (BIS) - Research and Policy Analysis

SCHOLARLY PAPERS

79

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SSRN CITATIONS
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1,450

CROSSREF CITATIONS

1,940

Scholarly Papers (79)

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1.

Asset Prices, Financial and Monetary Stability: Exploring the Nexus

BIS Working Paper No. 114
Number of pages: 47 Posted: 13 Dec 2005
Claudio E. V. Borio and Philip William Lowe
Bank for International Settlements (BIS) - Research and Policy Analysis and Reserve Bank of Australia
Downloads 4,635 (3,480)
Citation 82

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2.

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 2,774 (8,066)
Citation 193

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

3.

Globalisation and Inflation: New Cross-Country Evidence on the Global Determinants of Domestic Inflation

BIS Working Paper No. 227
Number of pages: 54 Posted: 25 Sep 2007
Claudio E. V. Borio and Andrew J. Filardo
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 2,551 (9,226)
Citation 264

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globalisation, Phillips curve, inflation, monetary policy

4.

Assessing the Risk of Banking Crises – Revisited

BIS Quarterly Review, March 2009
Number of pages: 18 Posted: 25 Jul 2012
Claudio E. V. Borio and Mathias Drehmann
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 1,923 (14,503)
Citation 68

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5.

The Systemic Importance of Financial Institutions

BIS Quarterly Review, September 2009
Number of pages: 13 Posted: 01 Aug 2012
Nikola A. Tarashev, Claudio E. V. Borio and Kostas Tsatsaronis
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 1,881 (15,040)
Citation 1

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6.

Attributing Systemic Risk to Individual Institutions

BIS Working Paper No. 308
Number of pages: 29 Posted: 28 Jun 2010 Last Revised: 03 Nov 2013
Nikola A. Tarashev, Claudio E. V. Borio and Kostas Tsatsaronis
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 1,655 (18,331)
Citation 102

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Systemic Importance, Macroprudential Approach, Shapley Value

7.

Monetary Policy and Financial Stability: What Role in Prevention and Recovery?

Downloads 1,648 (18,454)
Citation 30

Monetary Policy and Financial Stability: What Role in Prevention and Recovery?

BIS Working Paper No. 440
Number of pages: 25 Posted: 27 Feb 2014
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 1,330 (25,060)
Citation 2

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financial cycle, balance sheet recessions, expectations gap, time inconsistency, regime shifts

Monetary Policy and Financial Stability: What Role in Prevention and Recovery?

Capitalism and Society, Vol. 9, No. 2, Article 1, 2014
Number of pages: 28 Posted: 12 Nov 2014
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 318 (158,535)
Citation 6

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8.

Characterising the Financial Cycle: Don't Lose Sight of the Medium Term!

BIS Working Paper No. 380
Number of pages: 44 Posted: 18 Jun 2012 Last Revised: 13 May 2014
Mathias Drehmann, Claudio E. V. Borio and Kostas Tsatsaronis
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 1,639 (18,592)
Citation 38

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financial cycle, business cycle, credit, asset prices, financial crises, medium-term

9.

Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes

BIS Working Paper No. 147
Number of pages: 51 Posted: 20 Sep 2007
Claudio E. V. Borio and William R. White
Bank for International Settlements (BIS) - Research and Policy Analysis and Independent
Downloads 1,562 (19,994)
Citation 131

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10.

The Failure of Covered Interest Parity: FX Hedging Demand and Costly Balance Sheets

Downloads 1,451 (22,426)
Citation 28

The Failure of Covered Interest Parity: FX Hedging Demand and Costly Balance Sheets

BIS Working Papers No. 590
Number of pages: 63 Posted: 02 Feb 2017 Last Revised: 23 Nov 2018
Claudio E. V. Borio, Mobeen Iqbal, Robert N. McCauley, Robert N. McCauley, Patrick McGuire and Vladyslav Sushko
Bank for International Settlements (BIS) - Research and Policy Analysis, Fidelity Investments, Inc. - Fidelity Management & Research, University of Oxford - Oxford Centre for Global HistoryBoston University, Global Development Policy Center, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 1,259 (27,156)
Citation 44

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Covered interest parity, FX swaps, currency basis, limits to arbitrage, US dollar funding, currency hedging, preferred habitat investors, term structure

The Failure of Covered Interest Parity: FX Hedging Demand and Costly Balance Sheets

BIS Working Paper No. 590
Number of pages: 64 Posted: 28 Oct 2016
Vladyslav Sushko, Claudio E. V. Borio, Robert N. McCauley, Robert N. McCauley and Patrick McGuire
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis, University of Oxford - Oxford Centre for Global HistoryBoston University, Global Development Policy Center and Bank for International Settlements (BIS)
Downloads 192 (261,306)
Citation 1

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Covered interest parity, FX swaps, currency basis, limits to arbitrage, US dollar funding, currency hedging

11.

Towards an Operational Framework for Financial Stability: 'Fuzzy' Measurement and Its Consequences

BIS Working Paper No. 284
Number of pages: 50 Posted: 20 Aug 2009
Claudio E. V. Borio and Mathias Drehmann
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 1,420 (23,114)
Citation 176

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financial (in)stability, risk measurement, macroprudential, procyclicality

12.

The Financial Turmoil of 2007-?: A Preliminary Assessment and Some Policy Considerations

BIS Working Paper No. 251
Number of pages: 34 Posted: 14 May 2008
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 1,417 (23,186)
Citation 73

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Financial turmoil, risk, liquidity, prudential regulation, accounting, ratings, monetary policy

13.

Countercyclical Capital Buffers: Exploring Options

BIS Working Paper No. 317
Number of pages: 64 Posted: 27 Jul 2010
Mathias Drehmann, Claudio E. V. Borio, Leonardo Gambacorta, Gabriel Jiménez and Carlos Trucharte
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS), Banco de España and Banco de España
Downloads 1,413 (23,276)
Citation 106

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countercyclical capital buffers, financial stability, procyclicality

14.

What Can (Macro-) Prudential Policy do to Support Monetary Policy?

BIS Working Paper No. 242
Number of pages: 44 Posted: 16 Apr 2008
Claudio E. V. Borio and Ilhyock Shim
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 1,366 (24,491)
Citation 85

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financial stability, price stability, financial imbalances, macroprudential, financial regulation and supervision, monetary policy

15.

Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism?

BIS Working Paper No. 268
Number of pages: 45 Posted: 27 Jan 2009
Claudio E. V. Borio and Haibin Zhu
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 1,348 (24,969)
Citation 353

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risk-taking channel, transmission mechanism, capital regulation, procyclicality

16.

Towards a Macroprudential Framework for Financial Supervision and Regulation?

BIS Working Paper No. 128
Number of pages: 26 Posted: 13 Dec 2005
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 1,223 (28,842)
Citation 83

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financial stability, systemic risk, macroprudential, microprudential, financial regulation, financial imbalances

17.

Covered Interest Parity Lost: Understanding the Cross-Currency Basis

BIS Quarterly Review September 2016
Number of pages: 20 Posted: 05 Oct 2016
Claudio E. V. Borio, Robert N. McCauley, Robert N. McCauley, Patrick McGuire and Vladyslav Sushko
Bank for International Settlements (BIS) - Research and Policy Analysis, University of Oxford - Oxford Centre for Global HistoryBoston University, Global Development Policy Center, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 1,040 (36,341)
Citation 31

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18.

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
Claudio E. V. Borio, Piti Disyatat, Mikael Juselius and Phurichai Rungcharoenkitkul
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 916 (43,466)
Citation 1

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

19.

Is Monetary Policy Less Effective When Interest Rates are Persistently Low?

BIS Working Paper No. 628
Number of pages: 33 Posted: 29 Apr 2017
Claudio E. V. Borio and Boris Hofmann
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 866 (46,921)
Citation 1

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monetary policy, low interest rates, balance-sheet recession, monetary transmission

20.

Unconventional Monetary Policies: An Appraisal

Downloads 846 (48,491)
Citation 52

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 457 (105,136)
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 389 (126,937)
Citation 44

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

21.

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 759 (56,124)
Citation 15

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

22.

The Response of Short-Term Bank Lending Rates to Policy Rates: A Cross-Country Perspective

BIS Working Paper No. 27
Number of pages: 58 Posted: 13 Dec 2005
Claudio E. V. Borio and Wilhelm Fritz
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 756 (56,424)
Citation 79

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23.

Accounting, Prudential Regulation and Financial Stability: Elements of a Synthesis

BIS Working Paper No. 180
Number of pages: 38 Posted: 20 Sep 2007
Claudio E. V. Borio and Kostas Tsatsaronis
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 715 (60,793)
Citation 3

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financial reporting, accounting, disclosure, risk management, prudential regulation, financial stability, information

24.

The Influence of Monetary Policy on Bank Profitability

BIS Working Paper No. 514
Number of pages: 36 Posted: 02 Oct 2015
Claudio E. V. Borio, Leonardo Gambacorta and Boris Hofmann
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 712 (61,150)
Citation 67

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monetary policy, bank profitability, financial crisis

25.

Securing Sustainable Price Stability: Should Credit Come Back from the Wilderness?

BIS Working Paper No. 157
Number of pages: 51 Posted: 20 Sep 2007
Claudio E. V. Borio and Philip William Lowe
Bank for International Settlements (BIS) - Research and Policy Analysis and Reserve Bank of Australia
Downloads 686 (64,174)
Citation 144

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26.

Anchoring Countercyclical Capital Buffers: The Role of Credit Aggregates

BIS Working Paper No. 355
Number of pages: 39 Posted: 14 Nov 2011
Mathias Drehmann, Claudio E. V. Borio and Kostas Tsatsaronis
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 655 (68,104)
Citation 18

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countercyclical capital buffers, financial stability, procyclicality

27.

The Financial Cycle and Macroeconomics: What Have We Learnt?

BIS Working Paper No. 395
Number of pages: 39 Posted: 05 Jan 2013 Last Revised: 13 May 2014
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 631 (71,438)
Citation 94

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financial cycle, business cycle, medium term, financial crises, monetary economy, balance sheet recessions, balance sheet repair

28.

Early Warning Indicators of Banking Crises: Expanding the Family

BIS Quarterly Review, March 2018
Number of pages: 17 Posted: 13 Mar 2018
Iñaki Aldasoro, Claudio E. V. Borio and Mathias Drehmann
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 604 (75,393)
Citation 17

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29.

Implementing a Macroprudential Framework: Blending Boldness and Realism

Capitalism and Society, Vol. 6, Issue 1, Article 1, 2011
Number of pages: 25 Posted: 29 Jan 2013
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 557 (83,454)
Citation 6

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macroprudential, microprudential, systemic risk, regulation and supervision

30.

Market Distress and Vanishing Liquidity: Anatomy and Policy Options

BIS Working Paper No. 158
Number of pages: 35 Posted: 20 Sep 2007
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 542 (86,312)
Citation 34

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31.

Central Banking Post-Crisis: What Compass for Uncharted Waters?

BIS Working Paper No. 353
Number of pages: 23 Posted: 19 Oct 2011
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 537 (87,300)
Citation 3

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central banking, monetary and financial stability, macroprudential, own-house-in-order doctrine, operational independence

32.

Risk in Financial Reporting: Status, Challenges and Suggested Directions

BIS Working Paper No. 213
Number of pages: 28 Posted: 20 Sep 2007
Claudio E. V. Borio and Kostas Tsatsaronis
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 532 (88,335)
Citation 8

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Accounting, financial reporting, regulation, risk measurement and management

33.

Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges and a Way Forward

Downloads 525 (89,819)
Citation 10

Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges and a Way Forward

BIS Working Paper No. 354
Number of pages: 37 Posted: 19 Oct 2011
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 525 (88,845)
Citation 10

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financial (in)stability, systemic risk, capital, liquidity, monetary policy, monetary economy

Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward

Annual Review of Financial Economics, Vol. 3, pp. 87-117, 2011
Posted: 10 Jan 2012
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis

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34.

Labour Reallocation and Productivity Dynamics: Financial Causes, Real Consequences

BIS Working Paper No. 534
Number of pages: 39 Posted: 06 Jan 2016
Claudio E. V. Borio, Enisse Kharroubi, Christian Upper and Fabrizio Zampolli
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 517 (91,547)
Citation 15

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Labour reallocation, productivity, credit booms, financial crises, hysteresis

35.

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
Mikael Juselius, Claudio E. V. Borio, Piti Disyatat and Mathias Drehmann
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 515 (91,972)
Citation 23

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36.

The Financial Cycle and Recession Risk

BIS Quarterly Review December 2018
Number of pages: 13 Posted: 29 Jan 2019
Claudio E. V. Borio, Mathias Drehmann and Fan Dora Xia
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 513 (92,409)
Citation 10

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37.

The Costs of Deflations: A Historical Perspective

BIS Quarterly Review March 2015
Number of pages: 24 Posted: 01 Apr 2015
Claudio E. V. Borio, Magdalena Erdem, Andrew J. Filardo and Boris Hofmann
Bank for International Settlements (BIS) - Research and Policy Analysis, 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 492 (97,200)
Citation 3

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38.

A Tale of Two Perspectives: Old or New Challenges for Monetary Policy?

BIS Working Paper No. 127
Number of pages: 66 Posted: 13 Dec 2005
Claudio E. V. Borio, William B. English and Andrew J. Filardo
Bank for International Settlements (BIS) - Research and Policy Analysis, Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 486 (98,699)
Citation 53

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inflation, business fluctuations, monetary stability, financial stability, financial imbalances, monetary policy

39.

The International Monetary and Financial System: Its Achilles Heel and What to Do About it

BIS Working Paper No. 456
Number of pages: 33 Posted: 12 Sep 2014
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 446 (109,253)
Citation 3

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excess financial elasticity, excess saving, safe assets shortage, financial crises

40.

FX Swaps and Forwards: Missing Global Debt?

BIS Quarterly Review September 2017
Number of pages: 18 Posted: 26 Sep 2017
Claudio E. V. Borio, Robert N. McCauley, Robert N. McCauley and Patrick McGuire
Bank for International Settlements (BIS) - Research and Policy Analysis, University of Oxford - Oxford Centre for Global HistoryBoston University, Global Development Policy Center and Bank for International Settlements (BIS)
Downloads 444 (109,816)
Citation 15

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41.

Global Credit and Domestic Credit Booms

BIS Quarterly Review, September 2011
Number of pages: 15 Posted: 03 Sep 2012 Last Revised: 29 Sep 2013
Claudio E. V. Borio, Robert N. McCauley, Robert N. McCauley and Patrick McGuire
Bank for International Settlements (BIS) - Research and Policy Analysis, University of Oxford - Oxford Centre for Global HistoryBoston University, Global Development Policy Center and Bank for International Settlements (BIS)
Downloads 432 (113,407)
Citation 12

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42.

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
Claudio E. V. Borio, Piti Disyatat and Mikael Juselius
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 416 (118,571)
Citation 20

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

43.

Assessing New Perspectives on Country Risk

BIS Quarterly Review, December 2004
Number of pages: 20 Posted: 14 May 2012 Last Revised: 29 Sep 2013
Claudio E. V. Borio and Frank Packer
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 412 (119,842)
Citation 1

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44.

The Changing Borders of Banking: Trends and Implications

BIS Working Paper No. 23
Number of pages: 42 Posted: 13 Dec 2005
Claudio E. V. Borio and Renato Filosa
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 407 (121,602)
Citation 13

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45.

The International Monetary and Financial System: A Capital Account Historical Perspective

BIS Working Paper No. 457
Number of pages: 32 Posted: 12 Sep 2014
Claudio E. V. Borio, Harold James and Hyun Song Shin
Bank for International Settlements (BIS) - Research and Policy Analysis, Princeton University - Department of History and Bank for International Settlements (BIS)
Downloads 387 (128,761)
Citation 1

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excess financial elasticity, banking glut, current account, capital account, financial cycle, financial crises

46.

Fiscal Sustainability and the Financial Cycle

BIS Working Paper No. 552
Number of pages: 30 Posted: 08 Apr 2016
Claudio E. V. Borio, Marco J. Lombardi and Fabrizio Zampolli
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 385 (129,558)

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financial cycle, financial crisis, cyclically adjusted fiscal balance

47.

Resolving the Financial Crisis: Are We Heeding the Lessons from the Nordics?

Downloads 375 (133,501)
Citation 19

Resolving the Financial Crisis: Are We Heeding the Lessons from the Nordics?

BIS Working Paper No. 311
Number of pages: 51 Posted: 28 Jun 2010
Claudio E. V. Borio, Bent Vale and Goetz von Peter
Bank for International Settlements (BIS) - Research and Policy Analysis, Norges Bank (Central bank of Norway) and Bank for International Settlements - Research and Policy Analysis
Downloads 221 (229,294)
Citation 18

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Crisis Management and Resolution, Principles For Successful Resolution, Nordic Countries, Fair Value and Amortised Cost Accounting, Mark to Market Losses

Resolving the Financial Crisis: Are We Heeding the Lessons from the Nordics?

Norges Bank Working Paper 2010/17
Number of pages: 50 Posted: 09 Sep 2010
Claudio E. V. Borio, Bent Vale and Goetz von Peter
Bank for International Settlements (BIS) - Research and Policy Analysis, Norges Bank (Central bank of Norway) and Bank for International Settlements - Research and Policy Analysis
Downloads 154 (316,780)

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Crisis management and resolution, principles for successful resolution, Nordic

48.

Stress-Testing Macro Stress Testing: Does it Live Up to Expectations?

BIS Working Paper No. 369
Number of pages: 28 Posted: 24 Feb 2012
Claudio E. V. Borio, Mathias Drehmann and Kostas Tsatsaronis
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 357 (140,968)
Citation 19

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stress tests, financial instability, macroprudential

49.

One Hundred and Thirty Years of Central Bank Cooperation: A Bis Perspective

BIS Working Paper No. 197
Number of pages: 46 Posted: 20 Sep 2007
Claudio E. V. Borio and Gianni Toniolo
Bank for International Settlements (BIS) - Research and Policy Analysis and University of Rome Tor Vergata - Faculty of Economics
Downloads 356 (141,383)
Citation 18

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central bank, cooperation, Bank for International Settlements (BIS), monetary and financial stability, gold standard, Bretton Woods

50.

Unconventional Monetary Policies: A Re-Appraisal

BIS Working Paper No. 570
Number of pages: 49 Posted: 20 Jul 2016
Claudio E. V. Borio and Anna Zabai
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 336 (150,452)
Citation 12

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unconventional monetary policies, balance sheet policies, forward guidance, negative interest rates

51.

Change and Constancy in the Financial System: Implications for Financial Distress and Policy

BIS Working Paper No. 237
Number of pages: 27 Posted: 19 Oct 2007
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 333 (151,881)
Citation 18

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Financial revolution, financial instability, risk, liquidity, financial regulation, speed limits

52.

Monetary and Prudential Policies at a Crossroads? New Challenges in the New Century

BIS Working Paper No. 216
Number of pages: 34 Posted: 20 Sep 2007
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 327 (154,867)
Citation 52

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Monetary and financial stability, globalisation, financial imbalances, liquidity, business fluctuations, prudential and monetary policy

53.

Twin Peaks in Equity and Housing Prices?

BIS Quarterly Review, March 2004
Number of pages: 16 Posted: 19 Oct 2009 Last Revised: 09 Mar 2012
Claudio E. V. Borio and Patrick McGuire
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 317 (160,054)
Citation 3

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housing prices, asset bubbles

54.

Monetary Policy Operating Procedures in Industrial Countries

BIS Working Paper No. 40
Number of pages: 94 Posted: 13 Dec 2005
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 262 (194,925)
Citation 36

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55.

Back to the Future? Assessing the Deflation Record

BIS Working Paper No. 152
Number of pages: 61 Posted: 20 Sep 2007
Claudio E. V. Borio and Andrew J. Filardo
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 257 (198,631)
Citation 19

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56.

Global and Domestic Financial Cycles: Variations on a Theme

BIS Working Paper No. 864
Number of pages: 32 Posted: 15 May 2020
Iñaki Aldasoro, Stefan Avdjiev, Claudio E. V. Borio and Piti Disyatat
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 241 (211,487)
Citation 8

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

57.

Central Banking in Challenging Times

BIS Working Paper No. 829
Number of pages: 29 Posted: 18 Dec 2019
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 240 (212,378)
Citation 1

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central bank independence, globalisation, business cycles, fiscal dominance

58.

Post-Crisis International Financial Regulatory Reforms: A Primer

BIS Working Paper No. 859
Number of pages: 69 Posted: 27 Apr 2020
Claudio E. V. Borio, Marc Farag and Nikola A. Tarashev
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank of England - Financial Stability Assessment Division and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 239 (213,282)
Citation 10

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bank regulation, CCPs, asset managers, macroprudential

59.

Predicting Recessions: Financial Cycle versus Term Spread

BIS Working Paper No. 818
Number of pages: 29 Posted: 14 Oct 2019
Claudio E. V. Borio, Mathias Drehmann and Fan Dora Xia
Bank for International Settlements (BIS) - Research and Policy Analysis, Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 236 (215,881)
Citation 7

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financial cycle, term spread, recession risk, panel probit mode

60.

A Parsimonious Approach to Incorporating Economic Information in Measures of Potential Output

BIS Working Paper No. 442
Number of pages: 40 Posted: 27 Feb 2014
Claudio E. V. Borio, Piti Disyatat and Mikael Juselius
Bank for International Settlements (BIS) - Research and Policy Analysis, International Monetary Fund (IMF) - Research Department and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 234 (217,679)
Citation 3

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Potential output, output gap, Phillips curve, financial cycle

61.

Monetary Operations and the Financial Turmoil

BIS Quarterly Review, March 2008
Number of pages: 16 Posted: 08 Jul 2012
Claudio E. V. Borio and William R. Nelson
Bank for International Settlements (BIS) - Research and Policy Analysis and Board of Governors of the Federal Reserve System
Downloads 234 (217,679)
Citation 2

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62.

Monetary Policy and Bank Lending in a Low Interest Rate Environment: Diminishing Effectiveness?

BIS Working Paper No. 612
Number of pages: 33 Posted: 28 Feb 2017
Claudio E. V. Borio and Leonardo Gambacorta
Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS)
Downloads 223 (228,023)
Citation 36

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Bank lending, monetary transmission mechanisms, low interest rate environment

63.

Monetary Policy Hysteresis and the Financial Cycle

BIS Working Paper No. 817
Number of pages: 44 Posted: 08 Oct 2019
Phurichai Rungcharoenkitkul, Claudio E. V. Borio and Piti Disyatat
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 220 (230,970)
Citation 7

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

64.

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

BIS Working Paper No. 569
Number of pages: 66 Posted: 20 Jul 2016
Mikael Juselius, Claudio E. V. Borio, Piti Disyatat and Mathias Drehmann
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 213 (237,970)
Citation 8

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

65.

Bank Intermediation Activity in a Low Interest Rate Environment

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Citation 17

Bank Intermediation Activity in a Low Interest Rate Environment

BIS Working Paper No. 807
Number of pages: 31 Posted: 09 Sep 2019
Michael Brei, Leonardo Gambacorta and Claudio E. V. Borio
Université de Lille, Bank for International Settlements (BIS) and Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 191 (262,498)
Citation 1

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monetary policy, bank business models, financial crisis

Bank Intermediation Activity in a Low Interest Rate Environment

CEPR Discussion Paper No. DP13980
Number of pages: 31 Posted: 07 Oct 2019
Claudio E. V. Borio, Michael Brei and Leonardo Gambacorta
Bank for International Settlements (BIS) - Research and Policy Analysis, Université de Lille and Bank for International Settlements (BIS)
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Citation 14
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bank business models, financial crisis, monetary policy

66.

The Globalisation of Inflation: The Growing Importance of Global Value Chains

BIS Working Paper No. 602
Number of pages: 29 Posted: 10 Jan 2017
Raphael Auer, Claudio E. V. Borio and Andrew J. Filardo
Swiss National Bank, Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 188 (266,642)

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globalisation, inflation, Phillips curve, monetary policy, global value chain, production structure, international inflation synchronisation, input-ouput linkages, supply chain

67.

On Money, Debt, Trust and Central Banking

BIS Working Paper No. 763
Number of pages: 31 Posted: 13 Feb 2019
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 181 (275,579)
Citation 5

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monetary system, money, debt, payments, trust, monetary stability, financial stability, central bank

68.

The Structure of Credit to the Non-Government Sector and the Transmission Mechanism of Monetary Policy: A Cross-Country Comparison

BIS Working Paper No. 24
Number of pages: 54 Posted: 13 Dec 2005
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 173 (286,817)
Citation 16

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69.

What Anchors for the Natural Rate of Interest?

BIS Working Paper No. 777
Number of pages: 54 Posted: 01 Apr 2019
Claudio E. V. Borio, Piti Disyatat and Phurichai Rungcharoenkitkul
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 171 (289,700)
Citation 4

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

70.

The Globalisation of Inflation: The Growing Importance of Global Value Chains

CESifo Working Paper Series No. 6387
Number of pages: 26 Posted: 11 Apr 2017
Raphael Auer, Claudio E. V. Borio and Andrew J. Filardo
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 169 (292,589)

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globalization, inflation, Phillips curve, monetary policy, global value chain, production structure, international inflation synchronisation, input-output linkages, supply chain

71.

Monetary Policy in the Grip of a Pincer Movement

BIS Working Paper No. 706
Number of pages: 39 Posted: 05 Mar 2018
Claudio E. V. Borio, Piti Disyatat, Mikael Juselius and Phurichai Rungcharoenkitkul
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 167 (295,512)
Citation 3

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

72.

The Great Financial Crisis: Setting Priorities for New Statistics

BIS Working Paper No. 408
Number of pages: 21 Posted: 12 Apr 2013
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 152 (319,965)
Citation 1

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Financial crisis, systemic risk, banking statistics, property prices

73.

The Anatomy of the Bond Market Turbulence of 1994

BIS Working Paper No. 32
Number of pages: 30 Posted: 13 Dec 2005
Claudio E. V. Borio, Robert N. McCauley and Robert N. McCauley
Bank for International Settlements (BIS) - Research and Policy Analysis and University of Oxford - Oxford Centre for Global HistoryBoston University, Global Development Policy Center
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74.

Ten Propositions About Liquidity Crises

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Ten Propositions About Liquidity Crises

BIS Working Paper No. 293
Number of pages: 27 Posted: 27 Jan 2010
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 124 (376,158)
Citation 23

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market and funding liquidity, liquidity crises, deposit insurance, central bank operations, monetary base

Ten Propositions About Liquidity Crises

CESifo Economic Studies, Vol. 56, Issue 1, pp. 70-95, 2010
Posted: 22 Feb 2010
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis

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market and funding liquidity, liquidity crises, deposit insurance, central bank operations, monetary base

75.

Financial Arrangements, Soft Budget Constraints and Inflation: Lessons from the Yugoslav Experience

BIS Working Paper No. 15
Number of pages: 48 Posted: 13 Dec 2005
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Downloads 73 (530,186)

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76.

The Globalisation of Inflation: The Growing Importance of Global Value Chains

Globalization and Monetary Policy Institute Working Paper No. 300
Number of pages: 22 Posted: 27 Jan 2017
Raphael Auer, Claudio E. V. Borio and Andrew J. Filardo
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 40 (698,865)

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77.

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

Number of pages: 35 Posted: 29 Mar 2022
Rashad Ahmed, Claudio E. V. Borio, Piti Disyatat and Boris Hofmann
Government of the United States of America - Office of the Comptroller of the Currency (OCC), 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 33 (747,283)
Citation 3

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Monetary policy, low interest rates, monetary transmission mechanism

78.

Dollar Debt in FX Swaps and Forwards: Huge, Missing and Growing

BIS Quarterly Review, December 2022
Posted: 03 Aug 2023
Claudio E. V. Borio, Robert N. McCauley, Robert N. McCauley and Patrick McGuire
Bank for International Settlements (BIS) - Research and Policy Analysis, University of Oxford - Oxford Centre for Global HistoryBoston University, Global Development Policy Center and Bank for International Settlements (BIS)

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FX swaps

79.

The Globalisation of Inflation: The Growing Importance of Global Value Chains

CEPR Discussion Paper No. DP11905
Number of pages: 30 Posted: 20 Mar 2017
Raphael Auer, Claudio E. V. Borio and Andrew J. Filardo
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Research and Policy Analysis and Bank for International Settlements (BIS) - Monetary and Economic Department
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Citation 14
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global value chain, globalisation, inflation, input-ouput linkages, international inflation synchronisation, monetary policy, Phillips curve, production structure, Supply Chain