What's new

14 Apr

Trade linkages and the globalisation of inflation in Asia and the Pacific (Working Paper)

Some observers argue that increased real integration has led to greater comovement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in ...

11 Apr

One currency, two markets: the renminbi's growing influence in Asia-Pacific (Working Paper)

This study presents evidence of the renminbi's growing influence in the Asia-Pacific region. The CNH market - the offshore renminbi foreign exchange market in Hong Kong SAR - is found to exert an effect on Asian currencies ...

02 Apr

Globalisation, inflation and monetary policy in Asia and the Pacific (BIS Paper)

The papers presented at the conference covered the dynamics of inflation forecasts in the region; the measurement of economic slack; supply chains and inflation spillovers; financial globalisation and the role of exchange rate in ...

24 Mar

Foreign exchange intervention and the banking system balance sheet in emerging market economies (Working Paper)

Large-scale forex intervention in emerging market economies (EMEs) aimed at resisting currency appreciation has major implications for the composition of banking system balance sheets. The domestic monetary ...

12 Mar

Reforming the international monetary system in the 1970s and 2000s: would an SDR substitution account have worked? (Working Paper)

This paper analyses the discussion of a substitution account in the 1970s and how the account might have performed had it been agreed in 1980. The substitution account would have allowed central banks to diversify away from ..

11 Mar

Banks and capital requirements: channels of adjustment (BIS Paper)

Bank capital ratios have increased steadily since the financial crisis. For a sample of 94 large banks from advanced and emerging economies, retained earnings account for the bulk of their higher risk-weighted capital ...

Central bankers' speeches
24 Apr
22 Apr
17 Apr
BIS Management speeches
09 Apr

by Jaime Caruana: Global economic and financial challenges: a tale of two views

This speech contrasts two explanatory views of the sluggish and uneven recovery from the global financial crisis of 2008-09. One view points to a persistent shortfall...

31 Mar

by Peter Zöllner: Recent trends in the foreign exchange and money markets

A lot has been said about the underlying factors contributing to the market turmoil that culminated in the financial crisis: the escalation of delinquencies associated with subprime mortgages...

05 Mar

by Jaime Caruana: Global liquidity: where it stands, and why it matters

These remarks apply the concepts of global liquidity and the financial cycle to analyse developments in the global financial system in the past decade or so and to understand the current configuration of risks and vulnerabilities...

26 Nov

by Jaime Caruana: Addressing risks to financial stability

Regulatory reforms, in particular more capital and new liquidity buffers for banks, have made the financial system more resilient. Nonetheless, regulation typically cannot keep up with the pace of financial innovation...