Mark Joy

Senior advisor at the Bank of England. Former European Central Bank and Central Bank of Ireland. Views are my own. Find me on Blue Sky at

[Mark Joy @marksrjoy]

Now instead at Bluesky: https://t.co/4Xht3Txe22

[Mark Joy @marksrjoy]

@ClemensGvL Interesting. And how do you suspect secondary markets and diversification might impact creditor preferences?

[Bank of England Research @BoE_Research]

One week left to submit your papers...

[Mark Joy @marksrjoy]

Remarkable paper by colleagues @RVicquery and @mar_garofalo plus @GiovanniMarcoR2 on the previously undocumented dollarisation effects of #Brexit on the UK.

[Roger Vicquéry @RVicquery]

New paper alert! 🚨
With @mar_garofalo and @GiovanniMarcoR2, we explore a significant - but so far overlooked - consequence of the Brexit referendum: the dollarisation of UK exports in the aftermath of the 2016 GBP devaluation. https://t.co/VJ0xJc8Qy3
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#econtwitter

[IMF @IMFNews]

📢 Call for papers for the 5th joint annual workshop on International Capital Flows and Financial Policies, organized by the IMF, @bankofengland, @banquedefrance, @bancaditalia, and @OECD.

📅 Deadline to submit: May 17, 2024

Tap to learn more ⬇️

[Bank of England Research @BoE_Research]

Call for papers: 5th International Capital Flows and Financial Policies Workshop, joint with @OECD, @banquedefrance , @bancaditalia , @IMFNews on 4th October 2024 in London. Looking for papers on all asepcts of capital flows. Deadline is 17th May
https://t.co/bAd6F1jAEp

[Michael McMahon @mcmahonecon]

The @BoE_Research priority themes for 2024 are out.

[Mark Joy @marksrjoy]

@TheoMaret Yep, agreed on the gaps in expectation and need to bridge them and state contingency can help do that. My point rather is the ICMA work suggested state contingency works better if it links repayments to repayment capacity in a linear and sustainable manner?

[Mark Joy @marksrjoy]

@TheoMaret by introducing repayment threshold effects and nonlinearities, that can divorce repayments from repayment capacity? Yes, sweeteners can help get a deal over the line, but potentially at cost to the borrower further down the line. 2/2

[Mark Joy @marksrjoy]

@TheoMaret Is it not a little surprising that VRIs and VRI like features are being availed of in this case and others given the work that went into the ICMA appraisal of state contingent instruments 7-10 years ago showed how potentially problematic VRIs can be for the borrower, 1/2

[The FSB @FinStbBoard]

Measures of interconnectedness among banks and non-bank financial entities can serve as important indicators of potential contagion, within and across sectors and borders. Our global monitoring report has more:
https://t.co/4fzb9mHCnd

#FinancialStability #NBFI #NonBanks

[Bank of England Research @BoE_Research]

📈The dataset of high frequency monetary policy surprises from today's SWP is publicly available on the paper's webpage. Full details + data going back to 1997📉
https://t.co/zpFBlCyOUv
Shared by the authors as a public good for empirical monetary policy researchers. [Please RT]

[Bank of England Research @BoE_Research]

📣Calling all PhD students, PhD supervisors + mid-career researchers!📣

We're hosting a webinar on 8 Nov about research at the BoE. Your chance to find out about our new research agenda PhD internships, PhD hiring + mid-career recruitment. [Please RT]
https://t.co/6LPhT7AnIu

[Simon Lloyd @splloyd_econ]

New Bank Underground (@BoE_Research) blog post summarising my recent paper with Daniel Ostry and Balduin Bippus (@CamEcon @janewayinst)

https://t.co/PqPXAQts8F

[Brad Setser @Brad_Setser]

That's a pretty serious design flaw in a macro-linked bond, debt service should rise in // with debt servicing capacity ...

and the easy flaw to understand

3/

[Andres Fernandez Martin @andresfernanm]

So far no systemic crises in EMs after a strong tightening in advanced economies (so far!). Is this time really that different? Could not think a better policy panel than this one to address this question. Thanks to @RobinBrooksIIF @Global_ayhan @ClaraRaposoBdP & Frank Warnock

[Andres Fernandez Martin @andresfernanm]

Tomorrow, Friday Oct. 6 will take place the 4th Workshop on Capital Flows and Financial Policies: 6 papers on new challenges for capital flow policies amid climate change and fragmentation, digitalization and the role of the US dollar in the international monetary system

[Bank of England Research @BoE_Research]

[Please R/T] Are you a researcher working on BoE-relevant topics? Interested in coming to the BoE to work on them + be alongside our economists for 1-12 months? Then please apply for our Houblon-Norman / George Fellowships. Deadline is 1 November.
https://t.co/StOHjH6ACV

[Megan Greene @economistmeg]

I’m hiring a Monetary Policy Advisor at the Bank of England.

Details 👇
https://t.co/uyOb2ZPYNm

[hypocaust @_hypocaust]

For most sports people, achieving any one of scoring a great goal at a football World Cup, making a Test double century, or taking a 7 wicket haul would be career defining.

Ellyse Perry has done all three.