- ——— (2012): “Threat of fiscal dominance?†BIS Papers, no 65, May.
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- ——— (2013): “The benign neglect of the long-term interest rateâ€, BIS Working Papers, no 403, February.
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- ——— (2013): “The second phase of global liquidity and its impact on emerging economiesâ€, Keynote address at the Asia Economic Policy Conference, Federal Reserve Bank of San Francisco, November.
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- ——— (2014): “The global long-term interest rate, financial risks and policy choices in EMEsâ€, BIS Working Papers, no 441, February. www.bis.org/publ/work441.htm.
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- ——— (2015): “Ultra-low or negative interest rates: what they mean for financial stability and growthâ€, Eurofi High-level Seminar, Riga, 22 April. Bank for International Settlements.
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- ——— (2015a): “Global monetary policies and the marketsâ€, Comparative Economic Studies 57(2). 20th Dubrovnik Economic Conference Symposium special issue.
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- Bank for International Settlements (2009): “Capital flows and emerging economiesâ€, CGFS Papers, no 33, January.
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- Booth, J (2014): Emerging markets in an upside down world. Wiley: Chichester, UK.
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- Bruno, V and H S Shin (2012): “Capital flows and the risk-taking channel of monetary policyâ€, BIS Working Papers, no 400, December.
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- Caruana, J (2011): “Why central bank balance sheets matterâ€, Keynote address at the Bank of Thailand-BIS Research Conference, Chiang Mai, Thailand, 12–13 December, www.bis.org/speeches/sp111216.pdf.
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Chadha, J S (2014): “The impact of the maturity of US government debt on forward rates and the term premium: New results from old data.†VOX CEPR’s Policy Portal. 4 November.
Chadha, J S, Turner, P and F Zampolli (2013): “The interest rate effects of government debt maturityâ€, BIS Working papers, no 415, June. www.bis.org/publ/work415.htm.
Chui, M, Fender, I and V Sushko (2014): “Risks related to EME corporate balance sheets: The role of leverage and currency mismatchâ€, BIS Quarterly Review, September, pp 35–47.
Chung, K, Lee, J-E, Loukoianova, E, Park, H and H S Shin (2014): “Global liquidity through the lens of monetary aggregatesâ€, IMF Working Paper, WP/14/9, January.
- El-Erian, M (2015): “Central banks opt for tug-of-warâ€, Financial Times, 9 June.
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Filardo, A and J Yetman (2012): “The expansion of central bank balance sheets in emerging Asia: What are the risks?†BIS Quarterly Review, June, pp 47–63.
Filardo, A, Genberg, H and B Hofmann (2014): “Monetary analysis and the global financial cycle: An Asian central bank perspectiveâ€, BIS Working Papers, no 463, September.
Fong, T, C Hui and A Wong (2015): “How might sovereign bond yields in Asia Pacific react to US monetary normalisation in turbulent market conditions?†Hong Kong Institute for Monetary Research, Working Paper, no 13/2015, May.
Friedman, B M (2014): “Has the financial crisis permanently changed the practice of monetary policy? Has it changed the theory of monetary policy?†NBER Working Paper, 20128, May.
Gadanecz, B, Miyajima, K and J Urban (2014): “How might EME central banks respond to the influence of global monetary factors?†BIS Papers, no 78, August, pp 25–50.
Garcia, M (2011): “Can sterilized FX purchases under inflation targeting be expansionary?†Pontificia Universidade Catolica do Rio de Janeiro. Department of 24 WP508 Bond markets and monetary policy dilemmas for the emerging markets Economics. no 589, October. http://www.econ.puc-rio.br/pdf/td589.pdf, accessed 15 January 2015.
- Gavin, M (2015): “The natural rate of interest – past and prospectiveâ€, Barclays Global Insights, 30 March.
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- Gertler, M and P Karadi (2013): “Monetary policy surprises, credit costs and economic activityâ€, NBER conference, 18–19 October, Boston.
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- Goodfriend, M (2014): “Monetary policy as a carry trade.†In: Monetary and Economic Studies, vol 32. November, Bank of Japan.
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- Goodhart, C and W B Lim (2011): “Interest rate forecasts: A pathologyâ€, International Journal of Central Banking 7(2), pp 135–171.
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Gourinchas, P-O and M Obstfeld (2012): “Stories of the twentieth century for the twenty-firstâ€, American Economic Journal: Macroeconomics 4(1), pp 226–265.
- Greenwood, R, Hanson, S G, Rudolph, J S and L H Summers (2014): “Government debt management at the zero lower boundâ€, Working Paper no 5, September. Hutchins Center on Fiscal and Monetary Policy.
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Hördahl, P and O Tristani (2014): “Inflation risk premia in the euro area and the United Statesâ€, International Journal of Central Banking 10(3), pp 1–47.
- Hannoun, H (2014): “Central banks and the global debt overhangâ€, 50th SEACEN Governors’ Conference, 20 November. Bank for International Settlements.
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Hattori, M, Shin, H S and W Takahashi (2009): “A financial system perspective on Japan’s experience in the late 1980sâ€, 16th Bank of Japan International Conference, May 2009. Bank of Japan IMES Discussion Paper E-19. www.imes.boj.or.jp.
- Hofmann, B and B Bogdanova (2012): “Taylor rules and monetary policy: A global ‘great deviation’?†BIS Quarterly Review, September, pp 37–49.
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- Inter-American Development Bank (2014): Global recovery and monetary normalisation. March, Washington DC.
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- King, M (2012): Speech to the South Wales Chamber of Commerce, Cardiff. 23 October. Bank of England.
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- King, M and D Low (2014): “Measuring the ‘world’ real interest rateâ€, NBER Working Paper, 19887, February.
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Kohlscheen, E and K Miyajima (2015): “The transmission of monetary policy in EMEs in a changing financial environment: a longitudinal analysisâ€, BIS Working Papers, no 495, March.
Lane, P and P McQuade (2014): “Domestic credit growth and international capital flowsâ€, Scandinavian Journal of Economics 116(1), pp 216–252.
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Lo Duca, M, Nicoletti, G and A V Martinez (2014): “Global corporate bond issuance: What role for US quantitative easing?†ECB Working Paper, no 1649, March.
McCauley, R N, McGuire, P and V Sushko (2015): “Global dollar credit: Links to US monetary policy and leverageâ€, BIS Working Papers, no 483, January.
Mendoza July 2015 Credit and Macroprudential Policy in an Emerging Economy a Structural Model Assessment Horacio A. Aguirre and Emilio F.
Miyajima, K, Mohanty, M S and J Yetman (2014): “Spillovers of US unconventional monetary policy to Asia: the role of long-term interest ratesâ€, BIS Working Papers, no 478, December.
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Prasad, E (2014): The dollar trap: How the U.S. dollar tightened its grip on global finance. Princeton University Press: New Jersey, US. February.
Previous volumes in this series No Title Author July 2015 Macroeconomic Effects of Banking Sector Losses across Structural Models Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto and Jae Sim July 2015 Macroprudential Policies in a Commodity Exporting Economy Andrés González, Franz Hamann and Diego RodrÃguez July 2015 Phases of Global Liquidity, Fundamentals News, and the Design of Macroprudential Policy Javier Bianchi and Enrique G.
Ramos-Francia, M and S GarcÃa-Verdú (2015): “Is trouble brewing for EMEs?†Banco de México Working Paper, No 2015-08, April.
Reddy, Y V, N Valluri and P Ray (2014): Financial and fiscal policies: crises and new realities. Oxford University Press: New Dehli.
Reifschneider, D, Tetlow, R and J Williams (1999): “Aggregate disturbances, monetary policy and the macroeconomy: The FRB/US perspectiveâ€, Federal Reserve Bulletin, January, pp 1–19.
Shek, J, I Shim and H S Shin (2015): â€Investor redemptions and fund manager sales of emerging market bonds: how are they related?†BIS Working Papers, forthcoming.
Shin, H S (2012): “Global banking glut and the loan risk premiumâ€, Mundell-Fleming Lecture. IMF Research Conference.
- Takáts, E and Vela, A (2014): “International monetary policy transmissionâ€, BIS Papers no 78, August, pp 51–70.
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- Turner, P (2011): “Fiscal dominance and the long-term interest rateâ€, LSE Financial Markets Group. Special Paper 199, May.
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Vayanos, D and Vila, J-L (2009): “A preferred-habitat model of the term structure of interest ratesâ€, NBER Working Paper, 15487.
- Von Weizsäcker, C C (2013): “Public debt and price stabilityâ€, German Economic Review 15(1), pp 42–61.
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- Wigglesworth, R and E Moore (2015): “End of the bond bull runâ€, Financial Times, 6 August.
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- Wolf, M (2015): “The wary retreat of the bond bullsâ€, Financial Times, 20 May. WP508 Bond markets and monetary policy dilemmas for the emerging markets All volumes are available on our website www.bis.org.
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WP508 Bond markets and monetary policy dilemmas for the emerging markets Lombardi, M and F Zhu (2014): “A shadow policy rate to calibrate US monetary policy at the zero lower boundâ€, BIS Working Papers, no 452, June.