CINXE.COM
Research at the BIS
<!DOCTYPE html> <html class='no-js' lang='en' xml:lang='en' xmlns='http://www.w3.org/1999/xhtml'> <head> <meta content='IE=edge' http-equiv='X-UA-Compatible'> <meta content='width=device-width, initial-scale=1.0' name='viewport'> <meta content='text/html; charset=utf-8' http-equiv='Content-Type'> <meta content='Research at the BIS' property='og:title'> <meta content='The BIS carries out research and analysis to contribute to the understanding of issues that are at the core of the central bank community's work, to inform meetings of Governors and other central bank officials, and to provide analytical support to the activities of the various Basel-based committees.' property='og:description'> <meta content='https://www.bis.org/forum/research.htm' property='og:url'> <link href='https://www.bis.org/forum/research.htm' rel='canonical'> <meta content='https://www.bis.org/img/bislogo_og.jpg' property='og:image'> <meta content='summary_large_image' name='twitter:card'> <meta content='@bis_org' name='twitter:site'> <meta content='' name='keywords'> <meta content='The BIS carries out research and analysis to contribute to the understanding of issues that are at the core of the central bank community's work, to inform meetings of Governors and other central bank officials, and to provide analytical support to the activities of the various Basel-based committees.' name='description'> <meta content='Wed, 26 Oct 2022 01:00:00 +0000' http-equiv='Last-Modified'> <title>Research at the BIS</title> <link rel="icon" type="image/x-icon" href="/favicon-570124710617266452aaee59dc8fe89474345158607e5dd372d3f5389925fe99.ico" /> <link rel="shortcut icon" type="image/x-icon" href="/favicon-570124710617266452aaee59dc8fe89474345158607e5dd372d3f5389925fe99.ico" /> <link rel="stylesheet" href="/bis_original/bis/bis-04b31d6db055bb4087ca4e85a219f56277d173303ba5752bbe9bb55a71da121d.css" /> <link rel="stylesheet" href="/bis_original/shared/print-5dd6ea242dd39ae99601c816cf6ba8e800e519f71ffa3f5a06a8ef0ddf95f597.css" media="print" /> <link rel="stylesheet" href="/bis_original/datepicker-2b8b830d9c7f6d44e13429eb6f9765b328252be7861d72d47fff747eed394520.css" /> <link rel="stylesheet" href="/bis_original/select2-9f92f610bb1b5969b636a4d9c11476007c07643dfa60decc107ec99c81529f51.css" /> <link rel="stylesheet" href="/application-7aad27a6997b61c1490ab5b33b9a9a23d7ae915d79bd20c9b87fb5f87797e242.css" /> <script src="/js/jquery3.js"></script> <script src="/application-50a3e05e40a7440c7c0b368ca1d2819c2359dec4e193a9b26e4b88a8a06d9e96.js"></script> <script src="/js/modernizr.custom.js"></script> <script src="/bis_original/bis/standard-pretty-4cdc8e5d8567b62371db0d5853b6fd2d2363f1126e880919f0d2fa3ff8b0acdb.js"></script> <link rel="stylesheet" href="/bis_original/bis/bisobj_box_page-1bb3975210da0263d1d14578057b9d90d749ad1b054f770f21b2dbdd7bfba817.css" /> <meta content='Research at the BIS' name='citation_title'> <meta content='2005-08-05' name='citation_publication_date'> <meta content='2005-08-05' name='DC.date'> </head> <body> <div class='dt tagwidth' id='body'> <div id='bispage'> <noscript> <div class='_pagemsgdiv display-nojs noprint'> <div class='pagemsg'> This website requires javascript for proper use </div> </div> </noscript> <div class='_pagemsgdiv noprint' id='codemsg'> <div style='display: table;'> <div class='pagemsg' id='pagemsg'></div> <input alt='close' id='pagemsgx' src='/img/icons/closeX.png' type='image'> </div> </div> <div id='pagecontent'> <div id='_forum_research_htm'> <div id='page-header'> <div class='fullwidth-outer' id='pagehdr1'> <div class='fullwidth-inner'> <div id='pagehdr1table'> <div id='hdr_logo'> <a href="/"><img alt="The Bank for International Settlements" src="/img/bis-logo-short.gif" /> </a></div> <div style='display:table-cell; width:100%;'></div> <div class='noprint' id='hdr_tools'> <div class='hdrtools_class' id='hdr_tool_search'> <div class='hdr_searchicon icon icon-search' id='hdr_tool_searchicon'></div> <div id='hdr_tool_searchiconX'> <div class='spinner2 diagonal part-1'></div> <div class='spinner2 diagonal part-2'></div> </div> </div> <div class='hdrtools_class' id='hdr_tool_hamburger'> <div class='noprint' id='hdr_tool_hamburgericon'> <div class='menuhamburger spinner-master2' id='mobilemenu_hamburger'> <div id='spinner'> <div class='spinner2 diagonal part-1'></div> <div class='spinner2 horizontal'></div> <div class='spinner2 diagonal part-2'></div> </div> </div> </div> </div> </div> <div class='noprint' id='hdr_search'> <form accept-charset='UTF-8' action='/search/index.htm' class='hdr_searchform' method='get'> <div class='hdr_searchboxdiv'> <fieldset class='hdr_searchbox'> <input class='hdr_searchfield' id='sp_q' maxlength='80' name='globalset_q' placeholder='Search the website' type='text'> </fieldset> </div> <div class='hdr_searchbuttondiv'> <button class='hdr_searchbutton' type='submit'> <span class='hdr_searchicon icon icon-search'></span> </button> </div> </form> </div> </div> </div> </div> <div class='fullwidth-outer' id='pagehdr2'> <div class='fullwidth-inner'> <div class='noprint' id='hdr_mobilesearch'> <form accept-charset='UTF-8' action='/search/index.htm' class='hdr_searchform' method='get'> <div class='hdr_searchboxdiv'> <fieldset class='hdr_searchbox'> <input class='hdr_searchfield' maxlength='80' name='globalset_q' placeholder='Search the website' type='text'> </fieldset> </div> <div class='hdr_searchbuttondiv'> <button class='hdr_searchbutton' type='submit'> <span class='hdr_searchicon icon icon-search'></span> </button> </div> </form> </div> </div> </div> </div> <div class='noprint' id='accessibilityLinks'> <a accesskey='0' href='#accessibilityLinks' title='access keys list'></a> <a accesskey='1' href='#center' title='skip navigation'></a> <a accesskey='2' href='#sp_q' title='quick search'></a> <a accesskey='3' href='#main_menu' title='main menu'></a> <a accesskey='4' href='#local_menu' title='local menu'></a> <a accesskey='5' href='/sitemap/' title='sitemap'></a> </div> <div data-react-class="MainMenu" data-react-props="{"document":{"id":33101,"id_cms":127924,"path":"/forum/research.htm","menu_id":156,"parent_id":null,"short_title":"Research at the BIS","long_title":null,"chapter_title":null,"extra_information":"\u003ch4\u003e\u003c/h4\u003e","description":"The BIS carries out research and analysis to contribute to the understanding of issues that are at the core of the central bank community's work, to inform meetings of Governors and other central bank officials, and to provide analytical support to the activities of the various Basel-based committees.","abstract":null,"content":"\u003cp\u003e\u003cspan\u003eResearch at the BIS supports central banks in their pursuit of monetary and financial stability. Our research places emphasis on the links between the real economy and the financial system, on global rather than country-specific aspects and on longer-term drivers of activity.聽Research findings are made available via \u003c/span\u003e\u003ca href=\"/research/index.htm\"\u003eBIS publications\u003c/a\u003e and \u003ca href=\"/forum/research/pubs_in_ext_journals.htm\"\u003epublications in peer-reviewed journals\u003c/a\u003e.\u003c/p\u003e\r\n\u003ch3\u003eResearch networks and conferences\u003c/h3\u003e\r\n\u003cp\u003e\u003cspan\u003eBIS researchers collaborate extensively with researchers in academia, central banks and other policy institutions. To this end, the BIS operates a range of \u003ca href=\"/research/fellowship_programmes.htm\"\u003evisiting programmes\u003c/a\u003e for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers.\u003c/span\u003e\u003c/p\u003e\r\n\u003cp\u003eIn addition, we organise \u003ca href=\"/conferences/index.htm\"\u003econferences\u003c/a\u003e to galvanise research in emerging areas of policy interest. The BIS also serves as the hub for the \u003ca href=\"/conferences/index.htm?topics=BIS+Research+Network+meetings\"\u003eBIS Research Network\u003c/a\u003e, which brings together researchers at central banks and in academia for regular meetings on monetary and financial stability issues.聽The \u003ca href=\"/forum/research/adv_panel.htm\"\u003eBIS Advisory Panel\u003c/a\u003e of distinguished academics advises the BIS on emerging research areas that merit closer attention from central banks and provides perspective on key current policy questions.\u003c/p\u003e\r\n\u003cdiv class=\"imgwidth350\" id=\"pagebox1\" data-bisobj=\"box_page\" data-offline=\"false\" data-itemimg=\"/img/pagebox/author_research.jpg\" data-itemimgurl=\"/author/index.htm\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/author/index.htm\"\u003eBIS authors\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003eOur authors publish economic analysis and research on monetary and financial stability issues in both BIS publications and top external peer-reviewed journals.\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cdiv class=\"\" id=\"pagebox2\" data-itemimg=\"/img/pagebox/fellowhip_research.jpg\" data-itemimgurl=\"/research/fellowship_programmes.htm\" data-bisobj=\"box_page\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/research/fellowship_programmes.htm\"\u003eFellowship programmes\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cspan\u003eThe BIS operates a range of visiting programmes for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers\u003c/span\u003e\u003cspan\u003e.聽\u003c/span\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cp\u003eAn聽\u003ca href=\"/forum/research/review_research.htm\"\u003eindependent review of BIS research\u003c/a\u003e聽was conducted in 2016 by an expert panel. Details of the聽\u003ca href=\"/forum/research/review_research_sa.pdf\"\u003esurvey of the users of BIS research\u003c/a\u003e聽and聽\u003ca class=\"external\" rel=\"noopener noreferrer\" href=\"https://ideas.repec.org/top/top.inst.all10.html\" target=\"_blank\"\u003eupdates of the rankings\u003c/a\u003e聽mentioned in the independent review are available.\u003c/p\u003e\r\n\u003ch3\u003eLatest research and publications\u003c/h3\u003e\r\n\u003cp\u003eYou can follow our research and publications on \u003ca rel=\"noopener noreferrer\" href=\"http://twitter.com/BIS_org\" target=\"_blank\"\u003eX\u003c/a\u003e (@bis_org) or by signing up for \u003ca href=\"/emailalerts.htm\"\u003ee-mail alerts\u003c/a\u003e or our \u003ca href=\"/press/newsletter.htm\"\u003emonthly newsletter\u003c/a\u003e.\u003c/p\u003e","display_position":null,"layout":null,"publication_start_date":"2005-08-05T00:00:00.000+02:00","created_at":"2022-10-26T03:00:00.000+02:00","updated_at":"2025-03-06T13:58:00.000+01:00","pdf_pages":0,"pdf_file_size":null,"pdf_use_title":false,"series_name":null,"html_header":null,"html_footer":null,"has_content":true}}" data-react-cache-id="MainMenu-0"></div> <div class='fullwidth-outer' id='page-breadcrumbs'> <div class='fullwidth-inner'> <div data-react-class="Breadcrumbs" data-react-props="{"document":{"id":33101,"id_cms":127924,"path":"/forum/research.htm","menu_id":156,"parent_id":null,"short_title":"Research at the BIS","long_title":null,"chapter_title":null,"extra_information":"\u003ch4\u003e\u003c/h4\u003e","description":"The BIS carries out research and analysis to contribute to the understanding of issues that are at the core of the central bank community's work, to inform meetings of Governors and other central bank officials, and to provide analytical support to the activities of the various Basel-based committees.","abstract":null,"content":"\u003cp\u003e\u003cspan\u003eResearch at the BIS supports central banks in their pursuit of monetary and financial stability. Our research places emphasis on the links between the real economy and the financial system, on global rather than country-specific aspects and on longer-term drivers of activity.聽Research findings are made available via \u003c/span\u003e\u003ca href=\"/research/index.htm\"\u003eBIS publications\u003c/a\u003e and \u003ca href=\"/forum/research/pubs_in_ext_journals.htm\"\u003epublications in peer-reviewed journals\u003c/a\u003e.\u003c/p\u003e\r\n\u003ch3\u003eResearch networks and conferences\u003c/h3\u003e\r\n\u003cp\u003e\u003cspan\u003eBIS researchers collaborate extensively with researchers in academia, central banks and other policy institutions. To this end, the BIS operates a range of \u003ca href=\"/research/fellowship_programmes.htm\"\u003evisiting programmes\u003c/a\u003e for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers.\u003c/span\u003e\u003c/p\u003e\r\n\u003cp\u003eIn addition, we organise \u003ca href=\"/conferences/index.htm\"\u003econferences\u003c/a\u003e to galvanise research in emerging areas of policy interest. The BIS also serves as the hub for the \u003ca href=\"/conferences/index.htm?topics=BIS+Research+Network+meetings\"\u003eBIS Research Network\u003c/a\u003e, which brings together researchers at central banks and in academia for regular meetings on monetary and financial stability issues.聽The \u003ca href=\"/forum/research/adv_panel.htm\"\u003eBIS Advisory Panel\u003c/a\u003e of distinguished academics advises the BIS on emerging research areas that merit closer attention from central banks and provides perspective on key current policy questions.\u003c/p\u003e\r\n\u003cdiv class=\"imgwidth350\" id=\"pagebox1\" data-bisobj=\"box_page\" data-offline=\"false\" data-itemimg=\"/img/pagebox/author_research.jpg\" data-itemimgurl=\"/author/index.htm\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/author/index.htm\"\u003eBIS authors\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003eOur authors publish economic analysis and research on monetary and financial stability issues in both BIS publications and top external peer-reviewed journals.\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cdiv class=\"\" id=\"pagebox2\" data-itemimg=\"/img/pagebox/fellowhip_research.jpg\" data-itemimgurl=\"/research/fellowship_programmes.htm\" data-bisobj=\"box_page\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/research/fellowship_programmes.htm\"\u003eFellowship programmes\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cspan\u003eThe BIS operates a range of visiting programmes for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers\u003c/span\u003e\u003cspan\u003e.聽\u003c/span\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cp\u003eAn聽\u003ca href=\"/forum/research/review_research.htm\"\u003eindependent review of BIS research\u003c/a\u003e聽was conducted in 2016 by an expert panel. Details of the聽\u003ca href=\"/forum/research/review_research_sa.pdf\"\u003esurvey of the users of BIS research\u003c/a\u003e聽and聽\u003ca class=\"external\" rel=\"noopener noreferrer\" href=\"https://ideas.repec.org/top/top.inst.all10.html\" target=\"_blank\"\u003eupdates of the rankings\u003c/a\u003e聽mentioned in the independent review are available.\u003c/p\u003e\r\n\u003ch3\u003eLatest research and publications\u003c/h3\u003e\r\n\u003cp\u003eYou can follow our research and publications on \u003ca rel=\"noopener noreferrer\" href=\"http://twitter.com/BIS_org\" target=\"_blank\"\u003eX\u003c/a\u003e (@bis_org) or by signing up for \u003ca href=\"/emailalerts.htm\"\u003ee-mail alerts\u003c/a\u003e or our \u003ca href=\"/press/newsletter.htm\"\u003emonthly newsletter\u003c/a\u003e.\u003c/p\u003e","display_position":null,"layout":null,"publication_start_date":"2005-08-05T00:00:00.000+02:00","created_at":"2022-10-26T03:00:00.000+02:00","updated_at":"2025-03-06T13:58:00.000+01:00","pdf_pages":0,"pdf_file_size":null,"pdf_use_title":false,"series_name":null,"html_header":null,"html_footer":null,"has_content":true},"document_links":[{"relation":{"id":4,"id_cms":4,"reference_key":"OtherLangs","name":"Other languages","display_position":10,"show_in_default_list":false,"created_at":"2023-09-04T10:42:20.853+02:00","updated_at":"2023-09-04T10:42:20.853+02:00"},"document_links":[{"id":7074,"id_cms":14551,"href":"/publications/index_de.htm","text":"German","created_at":"2023-09-04T12:32:36.165+02:00","updated_at":"2023-09-04T12:32:36.165+02:00"},{"id":7076,"id_cms":14552,"href":"/publications/index_es.htm","text":"Spanish","created_at":"2023-09-04T12:32:36.191+02:00","updated_at":"2023-09-04T12:32:36.191+02:00"},{"id":7075,"id_cms":14553,"href":"/publications/index_fr.htm","text":"French","created_at":"2023-09-04T12:32:36.178+02:00","updated_at":"2023-09-04T12:32:36.178+02:00"},{"id":7077,"id_cms":14554,"href":"/publications/index_it.htm","text":"Italian","created_at":"2023-09-04T12:32:36.205+02:00","updated_at":"2023-09-04T12:32:36.205+02:00"}]}],"document_parent_path":null}" data-react-cache-id="Breadcrumbs-0"></div> </div> </div> <div class='fullwidth-outer'> <div class='fullwidth-inner'> <div class='document_container' id='container'> <div class='column noprint' id='left'> <div data-react-class="LocalMenu" data-react-props="{"document":{"id":33101,"id_cms":127924,"path":"/forum/research.htm","menu_id":156,"parent_id":null,"short_title":"Research at the BIS","long_title":null,"chapter_title":null,"extra_information":"\u003ch4\u003e\u003c/h4\u003e","description":"The BIS carries out research and analysis to contribute to the understanding of issues that are at the core of the central bank community's work, to inform meetings of Governors and other central bank officials, and to provide analytical support to the activities of the various Basel-based committees.","abstract":null,"content":"\u003cp\u003e\u003cspan\u003eResearch at the BIS supports central banks in their pursuit of monetary and financial stability. Our research places emphasis on the links between the real economy and the financial system, on global rather than country-specific aspects and on longer-term drivers of activity.聽Research findings are made available via \u003c/span\u003e\u003ca href=\"/research/index.htm\"\u003eBIS publications\u003c/a\u003e and \u003ca href=\"/forum/research/pubs_in_ext_journals.htm\"\u003epublications in peer-reviewed journals\u003c/a\u003e.\u003c/p\u003e\r\n\u003ch3\u003eResearch networks and conferences\u003c/h3\u003e\r\n\u003cp\u003e\u003cspan\u003eBIS researchers collaborate extensively with researchers in academia, central banks and other policy institutions. To this end, the BIS operates a range of \u003ca href=\"/research/fellowship_programmes.htm\"\u003evisiting programmes\u003c/a\u003e for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers.\u003c/span\u003e\u003c/p\u003e\r\n\u003cp\u003eIn addition, we organise \u003ca href=\"/conferences/index.htm\"\u003econferences\u003c/a\u003e to galvanise research in emerging areas of policy interest. The BIS also serves as the hub for the \u003ca href=\"/conferences/index.htm?topics=BIS+Research+Network+meetings\"\u003eBIS Research Network\u003c/a\u003e, which brings together researchers at central banks and in academia for regular meetings on monetary and financial stability issues.聽The \u003ca href=\"/forum/research/adv_panel.htm\"\u003eBIS Advisory Panel\u003c/a\u003e of distinguished academics advises the BIS on emerging research areas that merit closer attention from central banks and provides perspective on key current policy questions.\u003c/p\u003e\r\n\u003cdiv class=\"imgwidth350\" id=\"pagebox1\" data-bisobj=\"box_page\" data-offline=\"false\" data-itemimg=\"/img/pagebox/author_research.jpg\" data-itemimgurl=\"/author/index.htm\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/author/index.htm\"\u003eBIS authors\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003eOur authors publish economic analysis and research on monetary and financial stability issues in both BIS publications and top external peer-reviewed journals.\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cdiv class=\"\" id=\"pagebox2\" data-itemimg=\"/img/pagebox/fellowhip_research.jpg\" data-itemimgurl=\"/research/fellowship_programmes.htm\" data-bisobj=\"box_page\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/research/fellowship_programmes.htm\"\u003eFellowship programmes\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cspan\u003eThe BIS operates a range of visiting programmes for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers\u003c/span\u003e\u003cspan\u003e.聽\u003c/span\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cp\u003eAn聽\u003ca href=\"/forum/research/review_research.htm\"\u003eindependent review of BIS research\u003c/a\u003e聽was conducted in 2016 by an expert panel. Details of the聽\u003ca href=\"/forum/research/review_research_sa.pdf\"\u003esurvey of the users of BIS research\u003c/a\u003e聽and聽\u003ca class=\"external\" rel=\"noopener noreferrer\" href=\"https://ideas.repec.org/top/top.inst.all10.html\" target=\"_blank\"\u003eupdates of the rankings\u003c/a\u003e聽mentioned in the independent review are available.\u003c/p\u003e\r\n\u003ch3\u003eLatest research and publications\u003c/h3\u003e\r\n\u003cp\u003eYou can follow our research and publications on \u003ca rel=\"noopener noreferrer\" href=\"http://twitter.com/BIS_org\" target=\"_blank\"\u003eX\u003c/a\u003e (@bis_org) or by signing up for \u003ca href=\"/emailalerts.htm\"\u003ee-mail alerts\u003c/a\u003e or our \u003ca href=\"/press/newsletter.htm\"\u003emonthly newsletter\u003c/a\u003e.\u003c/p\u003e","display_position":null,"layout":null,"publication_start_date":"2005-08-05T00:00:00.000+02:00","created_at":"2022-10-26T03:00:00.000+02:00","updated_at":"2025-03-06T13:58:00.000+01:00","pdf_pages":0,"pdf_file_size":null,"pdf_use_title":false,"series_name":null,"html_header":null,"html_footer":null,"has_content":true}}" data-react-cache-id="LocalMenu-0" id="navigation_local"></div> </div> <div class='defaultstyles overridedefault' id='center' role='main'> <div class='langlinks' style='text-decoration:none;'> <div data-react-class="PageLangLinksTop" data-react-props="{"links":[{"id":7074,"id_cms":14551,"href":"/publications/index_de.htm","text":"German","created_at":"2023-09-04T12:32:36.165+02:00","updated_at":"2023-09-04T12:32:36.165+02:00"},{"id":7076,"id_cms":14552,"href":"/publications/index_es.htm","text":"Spanish","created_at":"2023-09-04T12:32:36.191+02:00","updated_at":"2023-09-04T12:32:36.191+02:00"},{"id":7075,"id_cms":14553,"href":"/publications/index_fr.htm","text":"French","created_at":"2023-09-04T12:32:36.178+02:00","updated_at":"2023-09-04T12:32:36.178+02:00"},{"id":7077,"id_cms":14554,"href":"/publications/index_it.htm","text":"Italian","created_at":"2023-09-04T12:32:36.205+02:00","updated_at":"2023-09-04T12:32:36.205+02:00"}]}" data-react-cache-id="PageLangLinksTop-0"></div> </div> <h1>Research at the BIS</h1> <div id='extratitle-div'> <h4></h4> </div> <div id='ddb-page_highlights'> <div class='hlblk'> <a class='hl hlcell hlcell1' href='/topic/index.htm'> <div class='hlimg'> <img alt='highlight' src='/img/research/sh_topics.jpg'> </div> <div class='hltxt'> <div class='hltitle'>Trending topics</div> <div class='hldate'></div> <div class='hlblurb'></div> </div> </a> <a class='hl hlcell hlcell1' href='/forum/research/pubs_in_ext_journals.htm?publication_status=published'> <div class='hlimg'> <img alt='highlight' src='/img/research/sh_ext_pubs.jpg'> </div> <div class='hltxt'> <div class='hltitle'>Publications in peer-reviewed journals</div> <div class='hldate'></div> <div class='hlblurb'></div> </div> </a> </div> </div> <div id='cmsContent'> <p><span>Research at the BIS supports central banks in their pursuit of monetary and financial stability. Our research places emphasis on the links between the real economy and the financial system, on global rather than country-specific aspects and on longer-term drivers of activity. Research findings are made available via </span><a href="/research/index.htm">BIS publications</a> and <a href="/forum/research/pubs_in_ext_journals.htm">publications in peer-reviewed journals</a>.</p> <h3>Research networks and conferences</h3> <p><span>BIS researchers collaborate extensively with researchers in academia, central banks and other policy institutions. To this end, the BIS operates a range of <a href="/research/fellowship_programmes.htm">visiting programmes</a> for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability researchers.</span></p> <p>In addition, we organise <a href="/conferences/index.htm">conferences</a> to galvanise research in emerging areas of policy interest. The BIS also serves as the hub for the <a href="/conferences/index.htm?topics=BIS+Research+Network+meetings">BIS Research Network</a>, which brings together researchers at central banks and in academia for regular meetings on monetary and financial stability issues. The <a href="/forum/research/adv_panel.htm">BIS Advisory Panel</a> of distinguished academics advises the BIS on emerging research areas that merit closer attention from central banks and provides perspective on key current policy questions.</p> <div data-react-class="BoxPage" data-react-props="{"dataEntries":[{"offline":"false","itemimg":"/img/pagebox/author_research.jpg","itemimgurl":"/author/index.htm","id":"pagebox1","class":"imgwidth350","bisobj_type":null,"type":"box_page","items":[],"inner_html":"\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/author/index.htm\"\u003eBIS authors\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eOur authors publish economic analysis and research on monetary and financial stability issues in both BIS publications and top external peer-reviewed journals.\u003c/p\u003e\n"}]}" data-hydrate="t" data-react-cache-id="BoxPage-0" id="pagebox1" class="bisobjboxpage"><div class="pbblk equalboxwrap " data-reactroot=""><div class="pb pbcell pb_page pb_page1 imgwidth350"><div class="pbtbl autotablewrap "><div class="pbimg"><a href="/author/index.htm" class="noicon"><div class="imgdiv" style="background-image:url('/img/pagebox/author_research.jpg');background-repeat:no-repeat;background-size:contain"></div></a></div><div class="pbtxt img_none"><div class="pbtxtcontent"> <p><strong><a href="/author/index.htm">BIS authors</a></strong></p> <p>Our authors publish economic analysis and research on monetary and financial stability issues in both BIS publications and top external peer-reviewed journals.</p> </div></div></div></div></div></div> <div data-react-class="BoxPage" data-react-props="{"dataEntries":[{"itemimg":"/img/pagebox/fellowhip_research.jpg","itemimgurl":"/research/fellowship_programmes.htm","id":"pagebox2","class":"","bisobj_type":null,"type":"box_page","items":[],"inner_html":"\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/research/fellowship_programmes.htm\"\u003eFellowship programmes\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan\u003eThe BIS operates a range of visiting programmes for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability\u0026nbsp;researchers\u003c/span\u003e\u003cspan\u003e.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n"}]}" data-hydrate="t" data-react-cache-id="BoxPage-0" id="pagebox2" class="bisobjboxpage"><div class="pbblk equalboxwrap " data-reactroot=""><div class="pb pbcell pb_page pb_page1 "><div class="pbtbl autotablewrap "><div class="pbimg"><a href="/research/fellowship_programmes.htm" class="noicon"><div class="imgdiv" style="background-image:url('/img/pagebox/fellowhip_research.jpg');background-repeat:no-repeat;background-size:contain"></div></a></div><div class="pbtxt img_none"><div class="pbtxtcontent"> <p><strong><a href="/research/fellowship_programmes.htm">Fellowship programmes</a></strong></p> <p><span>The BIS operates a range of visiting programmes for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability researchers</span><span>. </span></p> </div></div></div></div></div></div> <p>An <a href="/forum/research/review_research.htm">independent review of BIS research</a> was conducted in 2016 by an expert panel. Details of the <a href="/forum/research/review_research_sa.pdf">survey of the users of BIS research</a> and <a class="external" rel="noopener noreferrer" href="https://ideas.repec.org/top/top.inst.all10.html" target="_blank">updates of the rankings</a> mentioned in the independent review are available.</p> <h3>Latest research and publications</h3> <p>You can follow our research and publications on <a rel="noopener noreferrer" href="http://twitter.com/BIS_org" target="_blank">X</a> (@bis_org) or by signing up for <a href="/emailalerts.htm">e-mail alerts</a> or our <a href="/press/newsletter.htm">monthly newsletter</a>.</p> </div> </div> </div> </div> </div> <div class='fullwidth-outer' id='page-maybeinterestedin'> <div class='fullwidth-inner'> <div class='noprint' id='maybeinterestedin-div'> </div> </div> </div> </div> </div> </div> <div class='noprint' role='contentinfo'> <div class='fullwidth-outer' id='page-footer'> <div class='fullwidth-inner'> <a href='#0' id='totop'>Top</a> <div id='sharethispage'> <ul class='sociallist'> <li>Share this page</li> <li> <a href='https://twitter.com/share' id='footershare_twitter' onclick='window.open('//twitter.com/share?url=' + encodeURIComponent(window.location.href) + '&text=' + encodeURI(document.title) + '&via=bis_org','_blank', 'height=450,width=600,menubar=no'); return false;'> <span class='icon shareicons icon-twitter-square'></span> </a> </li> <li> <a href='https://www.linkedin.com/shareArticle' id='footershare_linkedin' onclick='window.open('https://www.linkedin.com/shareArticle?url=' + encodeURIComponent(window.location.href) + '&mini=true' + '&title=' + encodeURI(document.title),'_blank', 'height=450,width=600,menubar=no'); return false;'> <span class='icon shareicons icon-linkedin-square'></span> </a> </li> <li> <a href='#' id='footershare_email' onclick='window.location='mailto:?subject=I would like to share this BIS website link with you&body=Link to the website of the Bank for International Settlements%0D%0A' + window.location; return false;'> <span class='icon shareicons icon-envelope-square'></span> </a> </li> </ul> </div> <div id='footer-pagediv'> <div class='footer-divblks' id='footer-leftdiv'> <div id='stayconnected'> <div class='title'>Stay connected</div> <ul class='sociallist'> <li>Follow us</li> <li> <a class='iconlink' href='https://twitter.com/BIS_org' title='Follow us on Twitter'> <span class='icon shareicons icon-twitter-square'></span> </a> </li> <li> <a class='iconlink' href='https://www.linkedin.com/company/bis' title='Follow us on LinkedIn'> <span class='icon shareicons icon-linkedin-square'></span> </a> </li> <li> <a class='iconlink' href='https://www.youtube.com/user/bisbribiz' title='Watch our YouTube videos'> <span class='icon shareicons icon-youtube-square'></span> </a> </li> <li> <a class='iconlink' href='/rss/index.htm' title='RSS feeds'> <span class='icon shareicons icon-rss-square'></span> </a> </li> <li> <a class='iconlink' href='/podcast' title='Listen to our podcast'> <span class='icon shareicons icon-podcast'></span> </a> </li> <li> <a class='iconlink' href='https://www.instagram.com/bankforintlsettlements/?hl=en' title='Follow us on Instagram'> <span class='icon shareicons icon-instagram'></span> </a> </li> </ul> <ul id='emailalert'> <li> <a class='iconlink' href='/emailalerts.htm' title='Email alerts'> <div class='icon shareicons icon-envelope-square'></div> </a> </li> <li>Sign up to receive email alerts</li> </ul> </div> </div> <div class='footer-divblks' id='footer-rightdiv'> <div id='footertable'> <div class='footercolumn'> <ul> <li> <div class='title'>About BIS</div> </li> <li> <a href='/sitemap/index.htm'>Sitemap</a> </li> <li> <a href='/about/faq.htm'>FAQ</a> </li> <li> <a href='/about/contact.htm'>Contact</a> </li> <li> <a href='/careers/index.htm'>Careers</a> </li> <li> <a href='/translations/index.htm'>Translations</a> </li> </ul> </div> <div class='footercolumn'> <ul> <li> <div class='title'>Legal information</div> </li> <li> <a href='/terms_conditions.htm'>Terms and conditions</a> </li> <li> <a href='/terms_conditions.htm#Copyright_and_Permissions'>Copyright and permissions</a> </li> <li> <a href='/privacy.htm'>Privacy notice</a> </li> <li> <a href='/cookies.htm'>Cookies notice</a> </li> <li> <a href='/about/warning0405.htm'>Email scam warning</a> </li> </ul> </div> </div> </div> </div> </div> </div> </div> <div class='menuoverlay noprint' id='mo_upper' style='top:0px;display:none;'></div> <div class='menuoverlay noprint' id='mo_lower' style='display:none;'></div> <div class='menuoverlay noprint' id='mfmo_lower' style='display:none;'></div> </div> <div data-react-class="CookieManager" data-react-props="{}" data-react-cache-id="CookieManager-0"></div> <div data-react-class="AnalyticsManager" data-react-props="{"document":{"id":33101,"id_cms":127924,"path":"/forum/research.htm","menu_id":156,"parent_id":null,"short_title":"Research at the BIS","long_title":null,"chapter_title":null,"extra_information":"\u003ch4\u003e\u003c/h4\u003e","description":"The BIS carries out research and analysis to contribute to the understanding of issues that are at the core of the central bank community's work, to inform meetings of Governors and other central bank officials, and to provide analytical support to the activities of the various Basel-based committees.","abstract":null,"content":"\u003cp\u003e\u003cspan\u003eResearch at the BIS supports central banks in their pursuit of monetary and financial stability. Our research places emphasis on the links between the real economy and the financial system, on global rather than country-specific aspects and on longer-term drivers of activity.聽Research findings are made available via \u003c/span\u003e\u003ca href=\"/research/index.htm\"\u003eBIS publications\u003c/a\u003e and \u003ca href=\"/forum/research/pubs_in_ext_journals.htm\"\u003epublications in peer-reviewed journals\u003c/a\u003e.\u003c/p\u003e\r\n\u003ch3\u003eResearch networks and conferences\u003c/h3\u003e\r\n\u003cp\u003e\u003cspan\u003eBIS researchers collaborate extensively with researchers in academia, central banks and other policy institutions. To this end, the BIS operates a range of \u003ca href=\"/research/fellowship_programmes.htm\"\u003evisiting programmes\u003c/a\u003e for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers.\u003c/span\u003e\u003c/p\u003e\r\n\u003cp\u003eIn addition, we organise \u003ca href=\"/conferences/index.htm\"\u003econferences\u003c/a\u003e to galvanise research in emerging areas of policy interest. The BIS also serves as the hub for the \u003ca href=\"/conferences/index.htm?topics=BIS+Research+Network+meetings\"\u003eBIS Research Network\u003c/a\u003e, which brings together researchers at central banks and in academia for regular meetings on monetary and financial stability issues.聽The \u003ca href=\"/forum/research/adv_panel.htm\"\u003eBIS Advisory Panel\u003c/a\u003e of distinguished academics advises the BIS on emerging research areas that merit closer attention from central banks and provides perspective on key current policy questions.\u003c/p\u003e\r\n\u003cdiv class=\"imgwidth350\" id=\"pagebox1\" data-bisobj=\"box_page\" data-offline=\"false\" data-itemimg=\"/img/pagebox/author_research.jpg\" data-itemimgurl=\"/author/index.htm\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/author/index.htm\"\u003eBIS authors\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003eOur authors publish economic analysis and research on monetary and financial stability issues in both BIS publications and top external peer-reviewed journals.\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cdiv class=\"\" id=\"pagebox2\" data-itemimg=\"/img/pagebox/fellowhip_research.jpg\" data-itemimgurl=\"/research/fellowship_programmes.htm\" data-bisobj=\"box_page\"\u003e\r\n\u003cp\u003e\u003cstrong\u003e\u003ca href=\"/research/fellowship_programmes.htm\"\u003eFellowship programmes\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cspan\u003eThe BIS operates a range of visiting programmes for members of academia, central bank research economists and internationally recognised experts in the fields of banking, monetary policy and financial stability聽researchers\u003c/span\u003e\u003cspan\u003e.聽\u003c/span\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\u003cp\u003eAn聽\u003ca href=\"/forum/research/review_research.htm\"\u003eindependent review of BIS research\u003c/a\u003e聽was conducted in 2016 by an expert panel. Details of the聽\u003ca href=\"/forum/research/review_research_sa.pdf\"\u003esurvey of the users of BIS research\u003c/a\u003e聽and聽\u003ca class=\"external\" rel=\"noopener noreferrer\" href=\"https://ideas.repec.org/top/top.inst.all10.html\" target=\"_blank\"\u003eupdates of the rankings\u003c/a\u003e聽mentioned in the independent review are available.\u003c/p\u003e\r\n\u003ch3\u003eLatest research and publications\u003c/h3\u003e\r\n\u003cp\u003eYou can follow our research and publications on \u003ca rel=\"noopener noreferrer\" href=\"http://twitter.com/BIS_org\" target=\"_blank\"\u003eX\u003c/a\u003e (@bis_org) or by signing up for \u003ca href=\"/emailalerts.htm\"\u003ee-mail alerts\u003c/a\u003e or our \u003ca href=\"/press/newsletter.htm\"\u003emonthly newsletter\u003c/a\u003e.\u003c/p\u003e","display_position":null,"layout":null,"publication_start_date":"2005-08-05T00:00:00.000+02:00","created_at":"2022-10-26T03:00:00.000+02:00","updated_at":"2025-03-06T13:58:00.000+01:00","pdf_pages":0,"pdf_file_size":null,"pdf_use_title":false,"series_name":null,"html_header":null,"html_footer":null,"has_content":true}}" data-react-cache-id="AnalyticsManager-0"></div> </body> </html>