What's new

Research
30 Jan

International Journal of Central Banking (IJCB)

Special Supplemental Issue - Central Banking: Before, During, and After the Crisis 

18 Dec

Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets (Working Paper)

Corporate bond issuers in emerging economies in Asia have often had a choice between an onshore market and an offshore one. Since 1998, however, many of these issuers have increasingly turned to the onshore market. This paper investigates systematically what factors ...

18 Dec

The future of financial globalisation (BIS Paper)

The BIS 11th Annual Conference took place in Lucerne, Switzerland on 21-22 June 2012. The event brought together senior representatives of central banks and academic institutions, who exchanged views on the conference theme of "The future of financial globalisation".

18 Dec

Capital flows and the risk-taking channel of monetary policy  (Working Paper)

This paper examines the relationship between low interests maintained by advanced economy central banks and credit booms in emerging economies. In a model with crossborder banking, low funding rates increase ...

18 Dec

Global safe assets  (Working Paper)

Will the world run out of 'safe assets' and what would be the consequences on global financial stability? We argue that in a world with competing private stores of value, the global economic system tends to favor the ...

18 Dec

The great leveraging (Working Paper)

What can history can tell us about the relationship between the banking system, financial crises, the global economy, and economic performance? Evidence shows that in the advanced economies we live in a world that is more financialized than ...

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Speeches
Central bankers' speeches
01 Feb
30 Jan
28 Jan
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BIS Management speeches
22 Nov

by Jaime Caruana: Assessing global liquidity from a financial stability perspective

Global liquidity has become a focus of the international policy debate. Despite accommodative monetary policies and a pickup in search-for-yield behaviour, several...

16 Nov

by Jaime Caruana: International monetary policy interactions: challenges and prospects

Systematic incorporation of spillovers is an essential but missing aspect of most monetary policy decision-making processes. The policy influences that need to be taken into account involve short-term policy rates...

09 Nov

by Claudio Borio: On time, stocks and flows: Understanding the global macroeconomic challenges

Five years after the financial crisis, the global economy remains unbalanced and many of the advanced countries are still struggling to return to robust, sustainable growth...

09 Nov

by Jaime Caruana: Financial inclusion: the role of the Basel Process

I am pleased to welcome participants to this unique event that brings international standard-setting bodies together with advanced as well as emerging and developing countries...

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