The three-year Asian research programme, which concluded with a special conference in August 2009, focused on policy issues faced by central banks and supervisory authorities in the Asia-Pacific region. The research focused on three areas: monetary policy and exchange rates, developing money and capital markets, and financial stability and prudential policy.
By the end of the programme, collaborative research on topics of interest to central banks and supervisors in the region were organised with almost every shareholding central bank in Asia and the Pacific, as well as with regional organisations of central banks. This research not only fed into the numerous meetings organised with regional central banks, but also led to the publication of several articles in refereed journals and the Bank's Quarterly Review. Economists in the Asian research programme also wrote notes on special policy issues at the request of the Asian Consultative Council Governors.
The success of the three-year programme led to a decision to establish a stepped-up research presence in the region on a more permanent basis.
Latest news
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20.05.2010 |
The following papers have been released: Removing the punchbowl: central bank exit strategies by Randall S Kroszner for the BNM-BIS High-Level Seminar: "From exit strategies to a resilient financial system", 10-11 December 2009, Kota Kinabalu, Malaysia.
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| 25.08.2009 |
Materials from the People's Bank of China - BIS research conference on The international financial crisis and policy challenges in Asia and the Pacific are now available.
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18.06.2009 |
The following papers have been released: Consumption and real exchange rates in professional forecasts by Michael B. Devereux, Gregor W. Smith and James Yetman, BIS Working Papers, forthcoming; Contagion and risk premia in the amplification of crisis: evidence from Asian names in the CDS market by Don Kim, Mico Loretan and Eli Remolona, forthcoming; Why don't Asians invest in Asia? The determinants of cross-border portfolio holdings by Alicia García-Herrero (BBVA), Philip Wooldridge and Doo Yong Yang (Asian Development Bank Institute), Asian Economic Papers, vol 8 (Summer), forthcoming; Commercial property prices and bank performance by E Philip Davis and Haibin Zhu, Quarterly Review of Economics and Finance, forthcoming; Financial deleveraging and the international transmission of shocks by James Yetman and Michael B. Devereux, BIS Working papers, forthcoming; Why issue bonds offshore? by Susan Black and Anella Munro, BIS Working Papers, forthcoming; External vulnerability in Asia by Sebastian Edwards and Anella Munro, BIS Working Papers, forthcoming; Targeting inflation in Asia and the Pacific: Lessons from the recent past by Andrew Filardo and Hans Genberg, BIS Working Papers, forthcoming; Short-term policy responses to the international financial crisis and risks to sustainable medium-term policy frameworks in Asia: complications arising from enduring global imbalances by Andrew Filardo, ADBI conference proceedings, forthcoming; Household debt, monetary policy and financial stability: a unifying model by Andrew Filardo, BIS Papers no 46; Global shocks and economic stability in Asia and the Pacific by Már Gudmundsson and Philip Wooldridge, SEACEN Occasional Paper, no 48; A framework for assessing the systemic risk of major financial institutions by Xin Huang, Hao Zhou and Haibin Zhu, BIS Working papers no 281; also in Journal of Banking and Finance, forthcoming; China's exchange rate policy and Asian trade by Alicia García-Herrero (BBVA) and Tuuli Koivu (Bank of Finland), BIS Working Papers no 282
The following conferences have been posted: 2009 Research Workshop on Monetary Policy in Open Economies: call for papers Household debt: implications for monetary policy and financial stability
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| 05.02.2009 |
The following papers have been released: Price adjustment and exchange rate pass-through by James Yetman and Michael B. Devereux, Journal of International Money and Finance, forthcoming; Private information, stock markets, and exchange rates by Jacob Gyntelberg, Mico Loretan, Tientip Subhanij, and Eric Chan, forthcoming; Portfolio rebalancing effects on exchange rates in Thailand by Jacob Gyntelberg, Mico Loretan, Tientip Subhanij, and Eric Chan, forthcoming; The euro as a reserve currency: a challenge to the pre-eminence of the US dollar? by Gabriele Galati and Philip Wooldridge, International Journal of Finance and Economics, vol 14, pp 1-23; The evolution of trading activity in Asian foreign exchange markets by Yosuke Tsuyuguchi and Philip Wooldridge, Emerging Markets Review, vol 9, pp 231-246; Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism? by Claudio Borio and Haibin Zhu, BIS Working Papers, no 268; |
| 03.11.2008 |
Upcoming workshop: Nowcasting with model combination.
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| 09.09.2008 | Materials from the conference The first workshop of Asian Research Network on Financial Markets and Institutions have been published as BIS Papers. |
| 29.07.2008 | Materials from the conference Structural Dynamic Macroeconomic Models in Asia-Pacific Economies are now available. |
| 20.06.2008 |
The following papers have been released: Implementing monetary policy in the 2000s: operating procedures in Asia and beyond by Corrinne Ho, BIS Working Papers, no 253; The evolution of trading activity in Asian foreign exchange markets by Yosuke Tsuyuguchi and Philip Wooldridge, BIS Working Papers, no 252; Credit derivatives and structured credit: the nascent markets of Asia and the Pacific by Eli Remolona and Ilhyock Shim, BIS Quarterly Review; Information Flows During the Asian Crisis: Evidence from Closed-end Funds by Benjamin Cohen and Eli Remolona, Journal of International Money and Finance, Vol 27, No 4, pp 636-53; Is the Chinese banking system benefiting from foreign investors? by Alicia Garcia-Herrero and Daniel Santabarbara, Bank of Finland's Institute for Economies in Transition (BOFIT) Discussion Papers no 11/2008; Asian banks in the international interbank market by Robert N McCauley and Jens Zukunft, BIS Quarterly Review. |
| 19.06.2008 | The new Asian research programme webpages are now online. |
