
Boris Hofmann
Articles
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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.
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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.
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