Book chapters and policy papers

Capital flows during the pandemic: lessons for a more resilient international financial architecture

Bank of England Financial Stability Paper no. 45, December 2020.

Joint with Mark Joy, Claudia Maurini, Alessandro Moro, Valerio Nispi Landi, Alessandro Schiavone and Carlos Van Hombeeck.

Sovereign GDP-linked bonds: Pros and cons

in Sovereign GDP-Linked Bonds: Rationale and Design,

edited by R. Shiller, J. Ostry and J. Benford.

London: CEPR Press, 2018.

The global role of the US dollar and its consequences

Bank of England Quarterly Bulletin, Bank of England, vol. 57(4), 2017, p.p. 13-33.

Joint with Carlos Van Hombeeck and Mayukh Mukhopadhyay.

How much do UK market interest rates respond to macroeconomic data news?

Bank of England Quarterly Bulletin, Bank of England, vol. 55(3), 2015, pp. 259-272.

Joint with Nick McLaren.

Blog posts

Covid-19 briefing: cross-border dollar funding
Column on Bank Underground. August 2020.

Look abroad! Global financial conditions and risks to domestic growth

Column on Bank Underground. January 2019.

How important are interest rates for exchange rates?

Column on Bank Underground. January 2016. Wall St. Journal coverage here.

Policy contributions

Changing patterns of capital flows
Committee on the Global Financial System (CGFS) Paper no. 66, May 2021.

Pull, Push, Pipes: Sustainable Capital Flows for a New World Order
Speech given by Governor Mark Carney at the Institute for International Finance Spring Membership Meeting, Tokyo, June 2019.

[De]Globalisation and Inflation
Speech given by Governor Mark Carney as the 2017 IMF Michel Camdessus Central Banking Lecture, Washington DC, September 2017.

Think Global, Act Local
Speech given by Deputy Governor Minouche Shafik at the joint Bank of England, IMF and Hong Kong Monetary Authority conference on Monetary, Financial and Prudential Policy Interactions in the Post-Crisis World, Hong Kong, October 2016.