Boris Hofmann

Jun 6, 2024 | bis.org | Sarah Caroline Bell |Jon Frost |Boris Hofmann |Damiano Sandri

Historically, central banks have at times operated successfully with negative equity. This indicates that a negative equity position of the central bank can be fully consistent with preserving trust in money. In addition, there is no evidence of any systematic relationship between the equity position of central banks and their ability to meet their monetary policy objectives.

Dec 8, 2023 | bis.org | Ahmed Ahmed |Boris Hofmann

FocusForeign institutional investors have played an increasingly important role in the US dollar (USD) bond market over time. Against this background, this paper conceptually and empirically analyses the investment behaviour of foreign institutional investors in the USD bond market, focusing on euro area investment funds. ContributionWe highlight a new hedging channel of monetary policy transmission operating through foreign institutional investors.

Apr 12, 2023 | bis.org | Boris Hofmann |Deniz Igan |Daniel Rees

The BIS hosts nine international organisations engaged in standard setting and the pursuit of financial stability through the Basel Process.

Mar 20, 2023 | thefinancialanalyst.net | Boris Hofmann

European banking stocks trended down in early trading on Monday as investors digested the news of UBS takeover over of long-time rival Credit Suisse Group. The move announced over theweekend to stem contagion in the banking system has resulted in UBS share price sliding 14 % in early trading but the Swiss franc remains little changedIn the US, futures for the S&P 500 rose about 0.3 after the indicator dropped further than 1 on Friday, dragged down by the fiscal sector.