BIS: International Journal of Central Banking (IJCB)

05 March 2013

The International Journal of Central Banking (IJCB) is an initiative of the central banking community. Published quarterly, the 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.

March 2013 issue

• Cover and contents
• Introduction
• Term Structure Modelling with Supply Factors and the Federal Reserve's Large-Scale Asset Purchase Programmes (by Canlin Li and Min Wei)
  • Discussion (by Mark Loewenstein)
• The Impact of Policy Initiatives on Credit Spreads during the 2007-09 Financial Crisis (by Alan M. Rai)
  • Discussion (by Jialin Yu)
• A European History Lesson for Today's Central Bankers (by Hanno Lustig)
• Monetary Policy, Macro-prudential Policy, and Banking Stability: Evidence from the Euro Area (by Angela Maddaloni and José-Luis Peydró)
  • Discussion (by Egon Zakrajšek)
• Banks' Equity Capital Frictions, Capital Ratios, and Interest Rates: Evidence from Spanish Banks (by Alfredo Martín-Oliver, Sonia Ruano, and Vicente Salas-Fumás)
  • Discussion (by Gianni De Nicolò)
• Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses (by D. Filiz Unsal)
• Commentary on Macro-prudential Policies (by Gianluca Benigno)
• Closing Comments: Hong Kong's Approach to Financial Stability (by Dong He)

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