What's new

At a glance
11 Oct

A framework for dealing with domestic systemically important banks - final document (Basel Committee)

09 Oct

Fiscal policy, public debt and monetary policy in emerging market economies (BIS Paper)

08 Oct

Progress report on Basel III implementation (update published in October 2012) (Basel Committee)

04 Oct

Are central bank balance sheets in Asia too large? (BIS Paper)

02 Oct Dealing with financial systemic risk: the contribution of macroprudential policies (BIS speech)
02 Oct Currency intervention and the global portfolio balance effect: Japanese lessons (Working Paper)
01 Oct Level 2 assessments of European Union, Japan and United States on implementation of capital standards  (Basel Committee)
28 Sep Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2011 - preliminary release
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Research
09 Oct

Fiscal policy, public debt and monetary policy in emerging market economies (BIS Paper)

During the 1980s and 1990s, the vulnerability of EMEs was often exacerbated by high fiscal deficits, underdeveloped domestic bond markets, and large currency or maturity mismatches. In many cases, these weaknesses constrained ...
04 Oct

Are central bank balance sheets in Asia too large? (BIS Paper)

This volume is a collection of the speeches, background papers and presentations from a conference on "Central bank balance sheets in Asia and the Pacific: the policy challenges ahead".
02 Oct

Currency intervention and the global portfolio balance effect: Japanese lessons (Working Paper)

This paper shows that the Japanese foreign exchange interventions in 2003/04 seem to have lowered long-term interest rates in a wide range of countries, including Japan. It seems that this decline was triggered by the investment of the intervention proceeds in US bonds and that a global portfolio balance effect spread the resulting decline in US yields to other bond markets, thus easing global monetary conditions.
27 Sep

Monetary policy in a downturn: Are financial crises special?  (Working Paper)

Accommodative monetary policy during the financial crisis was instrumental in preventing a deeper recession. Views differ, however, on how long such measures should be kept in place...
18 Sep

Does US GDP stall?  (Working Paper)

Low positive GDP growth has been interpreted as evidence that the economy may be "stalling", implying that low growth is a strong predictor of future recessions. We examine the empirical evidence for stalling based on kernel density estimates, probit estimates and Markov switching models.
17 Sep

BIS Quarterly Review September 2012 - International banking and financial market developments  

In this issue:

1) Do debt service costs affect macroeconomic and financial stability?

2) Taylor rules and monetary policy: a global "Great Deviation"?

3) Credit in times of stress: lessons from Latin America

4) Have public bailouts made bank loans safer?

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Speeches
Central bankers' speeches
16 Oct
15 Oct
12 Oct
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BIS Management speeches
02 Oct

by Jaime Caruana: Dealing with financial systemic risk: the contribution of macroprudential policies

There are important two-way interactions between macroprudential policy and other areas of public policy. These interactions put a premium on cooperative institutional frameworks that recognise the complementarities between policy actions...

03 Sep

by Jaime Caruana: Policymaking in an interconnected world

Is there scope for greater international cooperation in monetary policy? The answer is "yes". The need for cooperation in financial regulation is taken for granted but...

30 Jul

by Jaime Caruana: Interconnectedness and the importance of international data-sharing

Interconnections within the financial sector make international cooperation essential to monitor and respond to vulnerabilities. In order to detect, for example...

24 Jul

by Jaime Caruana: Central bank cooperation: reflections on the experience of the last eight decades

In our complex and interdependent world there is, and will continue to be, a clear need for structured, institutionalised central bank cooperation. To be effective and legitimate, such cooperation must continuously evolve...

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Statistics
15 Oct BIS effective exchange rate indices
28 Sep Release of property price data  
28 Sep Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2011 - preliminary release
17 Sep Quarterly Review: summary tables and detailed tables
19 Jul Preliminary international banking statistics at end-March 2012
04 Jun Quarterly Review: summary tables and detailed tables
09 May OTC derivatives market activity in the second half of 2011
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Basel Committee
11 Oct

A framework for dealing with domestic systemically important banks - final document

08 Oct

Progress report on Basel III implementation (update published in October 2012)

01 Oct Level 2 assessments of European Union, Japan and United States on implementation of capital standards
24 Sep Principles for the supervision of financial conglomerates - final report (Joint Forum)
20 Sep

Results of the Basel III monitoring exercise as of 31 December 2011

14 Sep

Core principles for effective banking supervision

13 Sep

Regulatory reform: getting it done (speech by Ingves)

17 Aug

Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions - consultative document

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