{"id":"https://openalex.org/W1589439665","doi":null,"title":"Central Bank balance sheets as policy tools","display_name":"Central Bank balance sheets as policy tools","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W1589439665","mag":"1589439665"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:bis:bisbpc:66-13","doi":null,"is_oa":false,"landing_page_url":"http://www.bis.org/publ/bppdf/bispap66m.pdf","pdf_url":"http://www.bis.org/publ/bppdf/bispap66m.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},"volume":null,"type":"book","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5015184071","display_name":"Alain C. J. Durre","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]},{"id":"https://openalex.org/I181827316","display_name":"Universit\u00e9 Catholique de Lille","ror":"https://ror.org/025s1b152","country_code":"FR","type":"education","lineage":["https://openalex.org/I181827316"]}],"countries":["DE","FR"],"is_corresponding":false,"raw_author_name":"Alain Durr\u00e9","raw_affiliation_strings":["I\u00e9SEG - Universit\u00e9 Catholique de Lille","European Central Bank (ECB) - Directorate General Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"I\u00e9SEG - Universit\u00e9 Catholique de Lille","institution_ids":["https://openalex.org/I181827316"]},{"raw_affiliation_string":"European Central Bank (ECB) - Directorate General Economics","institution_ids":["https://openalex.org/I153515283"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5041828078","display_name":"Huw R. Pill","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Huw Pill","raw_affiliation_strings":["European Central Bank (ECB)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank (ECB)","institution_ids":["https://openalex.org/I153515283"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.0763,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.9320672,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"66","issue":null,"first_page":"193","last_page":"213"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9854000210762024,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9854000210762024,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.006500000134110451,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.003599999938160181,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/central-bank-balance-sheet","display_name":"central bank balance sheet","score":0.9990000128746033},{"id":"https://openalex.org/keywords/unconventional-monetary-policy","display_name":"unconventional monetary policy","score":0.7739999890327454},{"id":"https://openalex.org/keywords/quantitative-easing","display_name":"quantitative easing","score":0.7310000061988831},{"id":"https://openalex.org/keywords/zero-lower-bound","display_name":"zero lower bound","score":0.7329999804496765},{"id":"https://openalex.org/keywords/interest-rate-policy","display_name":"interest rate policy","score":0.6909999847412109},{"id":"https://openalex.org/keywords/international-capital-flows","display_name":"international capital flows","score":0.9279999732971191},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.8489999771118164},{"id":"https://openalex.org/keywords/european-central-bank","display_name":"European Central Bank","score":0.625}],"concepts":[{"id":"https://openalex.org/C183206440","wikidata":"https://www.wikidata.org/wiki/Q46834","display_name":"Balance sheet","level":2,"score":0.6942075490951538},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6574063301086426},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5605923533439636},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.54219651222229},{"id":"https://openalex.org/C165696696","wikidata":"https://www.wikidata.org/wiki/Q11287","display_name":"Exploit","level":2,"score":0.5318664312362671},{"id":"https://openalex.org/C189722922","wikidata":"https://www.wikidata.org/wiki/Q667481","display_name":"Open market operation","level":3,"score":0.52391517162323},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4951607286930084},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.4943227767944336},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4777897298336029},{"id":"https://openalex.org/C2779143981","wikidata":"https://www.wikidata.org/wiki/Q1445414","display_name":"Intermediation","level":2,"score":0.46750032901763916},{"id":"https://openalex.org/C65146658","wikidata":"https://www.wikidata.org/wiki/Q1416431","display_name":"Financial intermediary","level":2,"score":0.4605864882469177},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4479481875896454},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4445532262325287},{"id":"https://openalex.org/C202655504","wikidata":"https://www.wikidata.org/wiki/Q16556980","display_name":"Forward guidance","level":5,"score":0.4358454942703247},{"id":"https://openalex.org/C3963096","wikidata":"https://www.wikidata.org/wiki/Q7079583","display_name":"Official cash rate","level":5,"score":0.43225905299186707},{"id":"https://openalex.org/C23952128","wikidata":"https://www.wikidata.org/wiki/Q627543","display_name":"Money market","level":3,"score":0.4282625913619995},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4263349175453186},{"id":"https://openalex.org/C38070178","wikidata":"https://www.wikidata.org/wiki/Q1164340","display_name":"Bank rate","level":4,"score":0.38415470719337463},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2867811918258667},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.260540246963501},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2534818649291992},{"id":"https://openalex.org/C88583849","wikidata":"https://www.wikidata.org/wiki/Q5183768","display_name":"Credit channel","level":4,"score":0.17180433869361877},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:bis:bisbpc:66-13","doi":null,"is_oa":false,"landing_page_url":"http://www.bis.org/publ/bppdf/bispap66m.pdf","pdf_url":"http://www.bis.org/publ/bppdf/bispap66m.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},{"id":"mag:3125682613","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/h/bis/bisbpc/66-13.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306504462","display_name":"BIS Papers chapters","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"BIS Papers chapters","raw_type":null},{"id":"pmh:oai:HAL:hal-00787196v1","doi":null,"is_oa":false,"landing_page_url":"https://hal.science/hal-00787196","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"BIS Papers, 2012, 66, pp.193-213","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":24,"referenced_works":["https://openalex.org/W147780321","https://openalex.org/W1526740931","https://openalex.org/W1538444255","https://openalex.org/W1546523058","https://openalex.org/W1576092294","https://openalex.org/W1803174028","https://openalex.org/W2037512320","https://openalex.org/W2109845910","https://openalex.org/W2117606610","https://openalex.org/W2127871608","https://openalex.org/W2144395073","https://openalex.org/W2164963733","https://openalex.org/W2167585384","https://openalex.org/W2211981183","https://openalex.org/W2268192068","https://openalex.org/W2489879368","https://openalex.org/W3084354180","https://openalex.org/W3121630491","https://openalex.org/W3122124451","https://openalex.org/W3123435142","https://openalex.org/W3124069068","https://openalex.org/W3124206827","https://openalex.org/W3125770312","https://openalex.org/W3146668795"],"related_works":["https://openalex.org/W7112053743","https://openalex.org/W2131641404","https://openalex.org/W3124830445","https://openalex.org/W7071264100","https://openalex.org/W7218121127","https://openalex.org/W7096104448","https://openalex.org/W2243813998","https://openalex.org/W2385798828","https://openalex.org/W2378931310","https://openalex.org/W2082228557"],"abstract_inverted_index":{"In":[0],"the":[1,4,12,34,42,59,62,69,92,97,119],"face":[2,63],"of":[3,16,27,48,64,71],"recent":[5],"financial":[6,94,105],"crisis,":[7],"central":[8,28,80,128],"banks":[9],"have":[10,51,123],"varied":[11,52],"size":[13],"and":[14,83],"structure":[15],"their":[17],"balance":[18],"sheets.":[19],"Such":[20],"actions":[21],"attempt":[22],"to":[23,58,99],"exploit":[24],"additional":[25,56],"instruments":[26],"bank":[29,81],"policy":[30,37],"that":[31,122],"go":[32],"beyond":[33],"traditional":[35],"monetary":[36],"instrument":[38],"(ie":[39],"control":[40],"over":[41],"shortterm":[43],"interest":[44,73],"rate).":[45],"The":[46],"objectives":[47],"these":[49],"measures":[50],"across":[53],"countries:":[54],"offering":[55],"stimulus":[57],"economy":[60],"in":[61,88,114,136],"a":[65],"lower":[66],"bound":[67],"on":[68],"level":[70],"short-term":[72],"rates;":[74],"supporting":[75],"market":[76],"functioning":[77],"by":[78],"expanding":[79],"intermediation;":[82],"managing":[84],"cross-border":[85],"capital":[86],"flows":[87],"an":[89],"environment":[90],"where":[91],"domestic":[93],"system":[95],"lacks":[96],"ability":[98],"intermediate":[100],"such":[101,112],"large":[102],"and/or":[103],"foreign-currency-denominated":[104],"flows.":[106],"This":[107],"paper":[108],"reviews":[109],"experience":[110,121],"with":[111],"measures,":[113],"particular":[115],"drawing":[116],"lessons":[117],"from":[118],"European":[120],"potential":[124],"relevance":[125],"for":[126],"Asian":[127],"banks.Full":[129],"publication:":[130],"Are":[131],"Central":[132],"Bank":[133],"Balance":[134],"Sheets":[135],"Asia":[137],"Too":[138],"Large?":[139]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
