Banco de Basileia (BIS) publica um numero inteiro sobre teoria e pratica das medidas prudenciais

Para o que interessam pelo assunto, para os que trabalham no mercado financeiro, ou bancário, para os que estudam crises bancárias e financeiras, para os que dão aulas sobre o assunto, para aqueles que acham que o capitalismo vai se autodestruir por causa de uma coisa que os companheiros chamam de "financeirização" (qualquer que seja o significado dessa coisa), enfim, para amigos e inimigos dos loiros de olhos azuis que trabalham para essa entidade maléfica chamada "capital monopolista financeiro internacioonal" (como os antigos marxistas chamavam os magnatas do setor, eis aqui tudo o que você precisava saber sobre as medidas que o Banco Internacional de Compensações (que foi criado em 1930 para resolver a dívida externa da Alemanha), que é chamado de Banco Central dos bancos centrais, vem adotando, ou recomendando como medidas prudenciais para evitar aquilo que inevitavelmente ocorre: os bancos abusam da sua capacidade de fazer empréstimos, especulam em setores que parecem prometedores, e acabam dilapidando sua credibilidade no primeiro choque de surpresa...
Paulo Roberto de Almeida 

BIS PAPERS SERIES
Vol. 9, No. 3: Oct 12, 2016

Table of Contents

Macroprudential Policy
Bank for International Settlements, Bank for International Settlements (BIS)

Foreword to 'Macroprudential policy'
Erdem Basci, Central Bank of the Republic of Turkey

Macroprudential Policies and Integrated Inflation Targeting
Luiz A. Pereira da Silva, World Bank

Analysing the Effectiveness of Macroprudential Tools
José Viñals, Banco de Espana, Centre for Economic Policy Research (CEPR)

Macroprudential Regulation: History, Theory and Policy

Turalay Kenc, University of London - Imperial College

Credit Cycles and Macroprudential Policy Framework in Emerging Countries

Salih Fendoglu, Central Bank of the Republic of Turkey

Monetary and Macroprudential Policies – Exploring Interactions

Erlend W. Nier, International Monetary Fund (IMF)
Heedon Kang, The Bank of Korea & International Monetary Fund

Macroprudential Policies and the Lucas Critique

Bálint L. Horváth, University of Bristol
Wolf Wagner, Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM), Centre for Economic Policy Research (CEPR)

Cross-Border Spillovers from Macroprudential Policy in the Euro Area

Luca Nocciola, European Central Bank (ECB)
Dawid Żochowski, European Central Bank, Warsaw School of Economics

Banking De-Globalisation: A Consequence of Monetary and Regulatory Policies?

Kristin J. Forbes, Massachusetts Institute of Technology (MIT) - Sloan School of Management, National Bureau of Economic Research (NBER), Bank of England - Monetary Policy Committee
Dennis Reinhardt, Bank of England
Tomasz Wieladek, Bank of England

External Shocks, the Exchange Rate and Macroprudential Policy

Philip Turner, Bank for International Settlements (BIS) - Monetary and Economic Department

Capital Flows, Credit Cycles and Macroprudential Policy

Yusuf Soner Baskaya, Government of the Republic of Turkey - Central Bank of the Republic of Turkey
Julian di Giovanni, Centre for Economic Policy Research (CEPR)
Sebnem Kalemli-Ozcan, University of Maryland - Department of Economics, National Bureau of Economic Research (NBER), Koc University, Graduate School of Business
Jose-Luis Peydro, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences, Barcelona Graduate School of Economics (Barcelona GSE), Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Centre for Economic Policy Research (CEPR)
Mehmet Faith Ulu, Government of the Republic of Turkey - Central Bank of the Republic of Turkey

Macroprudential Policies in a Commodity Exporting Economy

Andrés González Gómez, International Monetary Fund (IMF)
Franz Hamann, Central Bank of Colombia, Universidad de los Andes, Colombia - Department of Economics
Diego Rodríguez, Banco de la República, Colombia

Managing Systemic Risks in the Croatian Economy

Boris Vujčić, Croatian National Bank, University of Zagreb - Faculty of Business and Economics
Mirna Dumicic, Croatian National Bank

Macroprudential Policy Regulation: Some Continuing Challenges

Manuel Ramos-Francia, Banco de México
Santiago García-Verdú, Banco de México

The Use and Effectiveness of Macroprudential Policies

Eugenio Cerutti, Johns Hopkins University, International Monetary Fund (IMF)
Stijn Claessens, Board of Governors of the Federal Reserve System (FRB), University of Amsterdam - Finance Group, Centre for Economic Policy Research (CEPR), Tinbergen Institute, European Corporate Governance Institute (ECGI)
Luc Laeven, European Central Bank (ECB), Centre for Economic Policy Research (CEPR)

Financial Development and the Effectiveness of Macroprudential Measures

Yusuf Soner Baskaya, Government of the Republic of Turkey - Central Bank of the Republic of Turkey
Turalay Kenc, University of London - Imperial College
Ilhyock Shim, Bank for International Settlements (BIS)
Philip Turner, Bank for International Settlements (BIS) - Monetary and Economic Department

Macroprudential Measures for Addressing Housing Sector Risks

Dong He, International Monetary Fund (IMF) - Monetary and Exchange Affairs Department
Erlend W. Nier, International Monetary Fund (IMF)
Heedon Kang, The Bank of Korea & International Monetary Fund

Turkey's Experience with Macroprudential Policy

Hakan Kara, Central Bank of Turkey

The Macroprudential Policy Framework in New Zealand

David Hargreaves, Government of New Zealand - Department of Economics

A Liquidity-Based Approach to Macroprudential Policy

Jean-Pierre Landau, Bank of France

Banqueiros centrais no divan do psicanalista financeiro? Nao, apenas reflexoes "banqueirais"... - BIS papers

Como eu leio de tudo, do portal Vermelho (alucinante, eu recomendo), até o Trump (quem diria), de vez em quando também me digno a ler o que andam pensando, ou fazendo, os banqueiros centrais deste nosso planetinha redondo, cada vez menor em termos de fluxos de capital, aquela coisa que os companheiros chamariam de "financeirização" (perceberam o que é?; eu não, deve ser algo profundo).
Pois bem, banqueiros centrais também se divertem, mas trabalhando, claro, e se mantendo informados sobre o que os demais anda fazendo ou pensando, como neste último convescote numa das mais belas cidades daquele paisinho que é justamente o centro da tal de "financeirização".
Depois de ler as belas coisas que eles escreveram, linkadas abaixo, eu recomendo ler Liaquat Ahmad, Lords of Finance: the bankers who broke the world (melhor, sempre, comprar uma edição original, ou em pocket, mas na Abebooks, que garanto vai sair dez vezes mais barato do que a edição brasileira, sempre...).
Paulo Roberto de Almeida

BIS PAPERS SERIES

"Towards a 'New Normal' in Financial Markets?" Free Download
BIS Paper No. 84

BANK FOR INTERNATIONAL SETTLEMENTS, Bank for International Settlements (BIS)
Email: Service.MED-Publications@bis.org
The 14th BIS Annual Conference took place in Lucerne, Switzerland, on 26 June 2015. The event brought together a distinguished group of central bank Governors, leading academics and former public officials to exchange views on the topic "Towards 'a new normal' in financial markets?". The papers presented at the conference and the discussants' comments are released as BIS Working Papers nos 561 to 564.

BIS Papers no 84 contains the opening address by Jaime Caruana (General Manager, BIS), the keynote address by John Kay (London School of Economics) and remarks by Paul Tucker (Harvard Kennedy School).

While the full publication can be downloaded by using the above link, accompanying working papers are available separately as a part of the BIS Working Paper Series:

Mobile Collateral Versus Immobile Collateral

Expectations and Investment

Who Supplies Liquidity, How and When?

Moore's Law vs. Murphy's Law in the Financial System: Who's Winning?

About this eJournal

This series typically contains volumes of papers prepared for meetings of senior officials from central banks held at the BIS as well as one-off publications by members of the BIS staff. The contributions come from the central bank participants as well as from BIS staff. To access all of the papers in this series, please use the following URL: http://www.ssrn.com/link/BIS-Papers.html

America Latina: fluxos de capitais; papers do BIS

Uma série de papers do BIS dedicada aos fluxos de capitais na América Latina: 

Announcements

"Challenges Related to Capital Flows: Latin American Perspectives", BIS Paper 68, is a compendium, with the individual papers following below.

Table of Contents

Challenges Related to Capital Flows: Latin American Perspectives

Bank for International Settlements, Bank for International Settlements

Introduction - Challenges Related to Capital Flows: Latin American Perspectives

Ramon Moreno, Bank for International Settlements (BIS)

Global Factors and Monetary Policy in Emerging Economies

José Darío Uribe, Government of the Republic of Colombia - Central Bank of Colombia

Living with Capital Inflows

Jose de Gregorio, Central Bank of Chile, Universidad de Chile, National Bureau of Economic Research (NBER)

Challenges for Emerging Market Economies

José Sidaoui, Bank of Mexico

Lessons on the 'Impossible Trinity'

Ramon Moreno, Bank for International Settlements (BIS)

Capital Controls: What Have We Learned?

Charles M. Engel, University of Wisconsin - Madison - Department of Economics, 

National Bureau of Economic Research (NBER), University of Washington - Department of Economics

BIS PAPERS SERIES

"Challenges Related to Capital Flows: Latin American Perspectives"  

BIS Paper No. 68

BANK FOR INTERNATIONAL SETTLEMENTS, Bank for International Settlements
Email: Service.MED-Publications@bis.org

This BIS Paper (No. 68) is a collection of essays focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies. The collection draws on selected presentations made at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010 in Medellín, Colombia and in 2011 in Santiago, Chile.

While the full publication can be downloaded using the above link, individual contributions are available separately:

Introduction Challenges Related to Capital Flows: Latin American Perspectives.

Global Factors and Monetary Policy in Emerging Economies.

Living with Capital Inflows.

Challenges for Emerging Market Economies.

Lessons on the 'Impossible Trinity.'

Capital Controls: What Have We Learned?

"Introduction - Challenges Related to Capital Flows: Latin American Perspectives" 
BIS Paper No. 68a

RAMON MORENO, Bank for International Settlements (BIS)
Email: ramon.moreno@bis.org

This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies.

Full publication: Challenges Related to Capital Flows: Latin American Perspectives

"Global Factors and Monetary Policy in Emerging Economies" 
BIS Paper No. 68b

JOSÉ DARÍO URIBE, Government of the Republic of Colombia - Central Bank of Colombia
Email: ju2153@columbia.edu

This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies.

Full publication: Challenges Related to Capital Flows: Latin American Perspectives

"Living with Capital Inflows" 
BIS Paper No. 68c

JOSE DE GREGORIO, Central Bank of Chile, Universidad de Chile, National Bureau of Economic Research (NBER)
Email: jdegrego@bcentral.cl

This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies.

Full publication: Challenges Related to Capital Flows: Latin American Perspectives

"Challenges for Emerging Market Economies" 
BIS Paper No. 68d

JOSÉ SIDAOUI, Bank of Mexico

This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies.

Full publication: Challenges Related to Capital Flows: Latin American Perspectives

"Lessons on the 'Impossible Trinity'" 
BIS Paper No. 68e

RAMON MORENO, Bank for International Settlements (BIS)
Email: ramon.moreno@bis.org

This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies.

Full publication: Challenges Related to Capital Flows: Latin American Perspectives

"Capital Controls: What Have We Learned?" 
BIS Paper No. 68f

CHARLES M. ENGEL, University of Wisconsin - Madison - Department of Economics, National Bureau of Economic Research (NBER), University of Washington - Department of Economics
Email: cengel@ssc.wisc.edu

This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies.

Full publication: Challenges Related to Capital Flows: Latin American Perspectives

About this eJournal

This series typically contains volumes of papers prepared for meetings of senior officials from central banks held at the BIS as well as one-off publications by members of the BIS staff. The contributions come from the central bank participants as well as from BIS staff. To access all of the papers in this series, please use the following URL: http://www.ssrn.com/link/BIS-Papers.html