- Agénor, P-R and L Pereira da Silva (2019): “Integrated in‡ ation targeting: Another perspective from the developing world†, BIS-CEMLA book, February 2019.
Paper not yet in RePEc: Add citation now
Amador, M, J Bianchi, L Bocola, F Perri (2017): “Exchange rate policies at the zero lower bound†, NBER Working Paper no 23266.
- American Economic Review, 95(1), pp 161-182 Kashyap, A and J Stein (1995): “The impact of monetary policy on bank balance sheets†, Carnegie Rochester Conference Series on Public Policy, 42, pp 151– 195.
Paper not yet in RePEc: Add citation now
- Avdjiev, S, V Bruno, C Koch and H S Shin (2017): “The dollar exchange rate as a global risk factor: evidence from investment†, BIS Working Papers no 695.
Paper not yet in RePEc: Add citation now
- Banco de la República (2016): Nota Editorial Revista, 89.
Paper not yet in RePEc: Add citation now
Barbone Gonzalez, R, D Khametshin, J L Peydró and A Polo (2018): “Hedger of last resort: Evidence from Brazilian FX interventions, local credit and global …nancial cycles†, CEPR Discussion Paper no 12817.
- Benes, J , A. Berg, R. Portillo, and D. Vavra (2013): “Modeling sterilized interventions and balance sheet eects of monetary policy†, IMF Working Papers WP/13/11.
Paper not yet in RePEc: Add citation now
Bernanke, B and A Blinder (1988): “Credit, money, and aggregate demand†, American Economic Review, 78, pp. 435– 439.
Bernardini, M and G Peersman (2018): “Private debt overhang and the government spending multiplier: Evidence for the United States†, Journal of Applied Econometrics, 33(4), pp 485-508.
- Blanchard, O, G Adler and I Carvalho Filho (2015): “Can FX intervention stem exchange rate pressures from global capital ‡ ow shocks?†, NBER Working Paper no 21427.
Paper not yet in RePEc: Add citation now
- Bruno, V and H S Shin (2015): “Capital ‡ ows and the risk-taking channel of monetary policy†, Review of Economic Studies, 82, pp 535– 564.
Paper not yet in RePEc: Add citation now
Cardozo, P, C Huertas, J Parra, and L Patino (2016): “The interbank market in Colombia and the supply of liquidity by the Banco de la República†, Monetaria, CEMLA, 0(2), pp 153-193.
Caspi, I, A Friedman and S Ribon (2018): “The immediate impact and persistent eect of FX purchases on the exchange rate†, Bank of Israel.Working Papers no 2018.04.
Cavallino, P (2018): “Capital ‡ ows and foreign exchange intervention†, mimeo, BIS.
- Chang, R (2018): “FX intervention redux†, NBER Working Paper no. 24463.
Paper not yet in RePEc: Add citation now
Cook, D and J Yetman (2012): “Expanding central bank balance sheets in emerging Asia: a compendium of risks and some evidence†, BIS Papers, no 66, September.
- Diamond, D, Y Hu and R Rajan (2018): “The spillovers from easy liquidity and the implications for multilateralism†, Mundell-Fleming Lecture at the IMF Annual Research Conference, forthcoming in IMF Economic Review.
Paper not yet in RePEc: Add citation now
Driscoll, J and A Kraay (1998): “Consistent covariance matrix estimation with spatially dependent panel data†, Review of Economics and Statistics, 80, pp 549– 560.
- ECB (2016): “The layers of the global …nancial safety net: Taking stock†, Economic Bulletin, May.
Paper not yet in RePEc: Add citation now
Fanelli, S and L Straub (2017): “A theory of foreign exchange interventions†, Working Paper, MIT.
Frankel, J (2005): “Contractionary currency crashes in developing countries†, NBER Working Paper no 21427.
Fratzscher, M, O Gloede, L Menkho, L Sarno and T Stöhr (2017): “When is foreign exchange intervention eective? Evidence from 33 countries†, CEPR Working Paper no 12510.
Gabaix, X and M Maggiori (2015): “International liquidity and exchange rate dynamics†,
Gadanecz, B, A Mehrotra and M Mohanty (2014): “Foreign exchange intervention and the banking system balance sheet in emerging market economies†, BIS Working Papers no 445.
- Garcia, M (2016): “Can sterilized FX purchases under in‡ ation targeting be expansionary ?†, Working Paper, PUC Rio.
Paper not yet in RePEc: Add citation now
- Ghosh, A , J Ostry and M Qureshi (2018): “Taming the tide of capital ‡ ows: A policy guide†, MIT Press Books, The MIT Press.
Paper not yet in RePEc: Add citation now
- Hofmann, B, I Shim and H S Shin (2017): “Sovereign yields and the risk-taking channel of currency appreciation†, BIS Working Papers no 538.
Paper not yet in RePEc: Add citation now
- IMF (2015): “Assessing reserve adequacy - speci…c proposals†, IMF Policy Paper, April 2015.
Paper not yet in RePEc: Add citation now
- IMF (2016): “Adequacy of the global …nancial safety net†, IMF Policy Paper, March 2016.
Paper not yet in RePEc: Add citation now
- Jordà , Ò (2005): “Estimation and inference of impulse responses by local projections†,
Paper not yet in RePEc: Add citation now
Kashyap, A and J Stein (2000): “What do a million observations on banks say about the transmission of monetary policy†, American Economic Review, 90 (3), pp 407– 428.
Kearns, J and N Patel (2016): “Does the …nancial channel of exchange rates oset the trade channel?†, BIS Quarterly Review, December.
Kishan, R and T Opiela (2000): “Bank size, bank capital and the bank lending channel†, Journal of Money, Credit, and Banking, 32 (1), pp 121– 141.
Mishkin, F (1996): “The channels of monetary transmission: Lessons for monetary policy †, NBER Working Papers, no 5464.
Nickell, S (1981): “Biases in dynamic models with …xed eects†, Econometrica, 49(6), pp 1417– 26.
- Rey, H (2013): “Dilemma not trilemma: The global …nancial cycle and monetary policy independence†, Jackson Hole Conference Proceedings, Federal Reserve Bank of Kansas City.
Paper not yet in RePEc: Add citation now
Sarno, L and M Taylor (2001): “O cial intervention in the foreign exchange market: Is it eective and, if so, how does it work?†, Journal of Economic Literature, vol. 39(3), pp 839-868.
Scheubel, B and L Stracca (2016): “What do we know about the global …nancial safety net? Rationale, data, and possible evolution†, ECB Occasional Papers no 177.
- Vargas Herrera, H, A González and D RodrÃguez (2013): “Foreign exchange intervention in Colombia†, Borradores de Economia 757, Banco de la República de Colombia.
Paper not yet in RePEc: Add citation now
Villamizar-Villegas, M (2015): “Identifying the eects of simultaneous monetary policy shocks†, Contemporary Economic Policy, 34(2), pp 268-296.
Villamizar-Villegas, M, and D Perez-Reyna (2017): “A theoretical approach to sterilized foreign exchange intervention†, Journal of Economic Surveys, 31(1), pp 343-365.