BIS: International Journal of Central Banking (IJCB) - June 2013 issue

31 May 2013

The quarterly journal features articles on central bank theory and practice, with a special emphasis on research relating to monetary and financial stability.

The main objectives of the International Journal of Central Banking are:

• to disseminate widely the best policy-relevant and applied research that reflects the missions of central banks around the world across a range of disciplines; and
• to promote communication amongst researchers both inside and outside of central banks.

The June 2013 issue contains the following articles:

• Global Imbalances and Taxing Capital Flows by C A E Goodhart, M U Peiris, and D P Tsomocos 
  • Discussion by Francis E Warnock
• Like a Good Neighbor: Monetary Policy, Financial Stability, and the Distribution of Risk by Evan F Koenig 
  • Discussion by Klaus Schmidt-Hebbel
• Imbalances and Policies by Vincenzo Quadrini
• Capital Injection, Monetary Policy, and Financial Accelerators by Naohisa Hirakata, Nao Sudo, and Kozo Ueda 
  • Discussion by Karl Walentin
• Financial Frictions by Robert E Hall
• Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound by Christiane Baumeister and Luca Benati 
  • Discussion by Márcio G P Garcia
• House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy by Paolo Gelain, Kevin J Lansing, and Caterina Mendicino 
  • Discussion by Bruce Preston
• The Importance of Non-Linearities and Expectations in the Recent Crisis by John Leahy

Full journal

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