Sir Andrew Crockett 1943 - 2012

 

What's new

Research
04 Sep

The Social Value of Policy Signals (Working Paper)

Do public policy signals improve the alignment of market outcomes with economic fundamentals? ...

03 Sep

Ageing, property prices and money demand (Working Paper)

When the baby boomers joined the workforce and started saving, money supply and property prices entered a rising trajectory. We conclude that demography was the long-run driver of this process ...

31 Aug

International Journal of Central Banking (IJCB)  September 2012 issue

24 Aug

The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis  (Working Paper)

This paper assesses the macroeconomic e¤ects of unconventional monetary policies by estimating a panel VAR with monthly data from eight advanced economies over a sample spanning the period since the onset of the global -nancial crisis.

31 Jul

Public recapitalisations and bank risk: evidence from loan spreads and leverage (Working Paper)

A number of countries' authorities put in place bank rescue packages using public funds in response to the global financial crisis. Were these public recapitalisations followed by ...

31 Jul

Recovery and resolution of financial market infrastructures - consultative report (CPSS-IOSCO) 

Financial market infrastructures (FMIs) play an essential role in the global financial system. The disorderly failure of an FMI can lead to severe systemic disruption if it causes markets to cease to operate effectively. Accordingly, all types of ...  

25 Jul

Risk-on/risk-off, capital flows, leverage and safe assets

This paper describes the international flow of funds associated with calm and volatile global equity markets. During calm periods, portfolio investment by real money and leveraged investors in ...

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Speeches
Central bankers' speeches
14 Sep
12 Sep
11 Sep
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BIS Management speeches
03 Sep

by Jaime Caruana: Policymaking in an interconnected world

Is there scope for greater international cooperation in monetary policy? The answer is "yes". The need for cooperation in financial regulation is taken for granted but...

30 Jul

by Jaime Caruana: Interconnectedness and the importance of international data-sharing

Interconnections within the financial sector make international cooperation essential to monitor and respond to vulnerabilities. In order to detect, for example...

24 Jul

by Jaime Caruana: Central bank cooperation: reflections on the experience of the last eight decades

In our complex and interdependent world there is, and will continue to be, a clear need for structured, institutionalised central bank cooperation. To be effective and legitimate, such cooperation must continuously evolve...

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25 Jun

by Stephen G Cecchetti: Is globalisation great?

This year the theme of the 11th BIS Annual Conference is the future of financial globalisation. Anyone who has lived through the last five years must surely ask: Is globalisation great? Given the orientation of the BIS...

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