Search: BIS
RBA Glossary definition for BIS
BIS – Bank for International Settlements. An international organisation, based in Switzerland, which encourages co-operation among central banks and other agencies in pursuit of monetary and financial stability and provides banking facilities for central banks.
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Extensions
10 Jul 2019
RDP
2019-05
This is one interpretation of the argument of the BIS (2016) that monetary policy should respond to ‘the financial cycle’. ... Borio (2016, p 5) argues that policy responses to the ‘cycle’ also apply to the credit gap, which is a major element of
https://www.rba.gov.au/publications/rdp/2019/2019-05/extensions.html
Cost-benefit Analysis of Leaning against the Wind
1 Jul 2019
RDP
2019-05
This is one interpretation of the argument of the BIS (2016) that monetary policy should respond to ‘the financial cycle’. ... For an extension of these criticisms see BIS (2016). For a rebuttal see Svensson (2016, Appendix K).
https://www.rba.gov.au/publications/rdp/2019/2019-05/full.html
Criticisms and Doubts
10 Jul 2019
RDP
2019-05
For an extension of these criticisms see BIS (2016). For a rebuttal see Svensson (2016, Appendix K). ... 6.3 ‘Policy Should Lean against the Financial Cycle’. The BIS argues that the benefits of leaning against the wind increase with financial
https://www.rba.gov.au/publications/rdp/2019/2019-05/criticisms-and-doubts.html
References
10 Jul 2019
RDP
2019-05
Allen F, C Bean and J De Gregorio (2016), ‘Independent Review of BIS Research: Final Report’, 23 December. ... Filardo A and P Rungcharoenkitkul (2016), ‘A Quantitative Case for Leaning against the Wind’, BIS Working Papers No 594.
https://www.rba.gov.au/publications/rdp/2019/2019-05/references.html
Introduction
10 Jul 2019
RDP
2019-05
Adrian and Liang (2018) emphasise the uncertainties involved. Finally, Borio (2016) and the Bank for International Settlements (BIS 2016) argue that more complicated analysis would yield different conclusions to the currently
https://www.rba.gov.au/publications/rdp/2019/2019-05/introduction.html