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Research
14 May

Consumer Inflation Expectations in Turkey (IFC Working Paper)

The expectations obtained from surveys play an important role as leading indicators for the application of the monetary policies. The ability to measure inflation expectations is an integral part of central bank policy especially for ...

29 Apr

Central bank finances (BIS Paper)

This paper looks at the relevance of a central bank's own finances for its policy work. Some central banks are exposed to significant financial risks, partly due to the environment in which they operate, and partly due to the nature of policy actions. While financial exposures and losses do not ...

26 Apr

Structural bank regulation initiatives: approaches and implications (Working Paper)

The paper examines the basic rationale and features of the proposals adopted to separate specific investment and commercial banking activities (Volcker rule, Vickers and Liikanen proposals). In particular, it focuses on ...

26 Apr

Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute (Working Paper)

We examine how financial expansion and contraction cycles affect the broader economy through their impact on real economic sectors in a panel of countries over 1960-2005. Periods of accelerated growth of the financial sector are more likely to be followed by ...

23 Apr

Is China or India more financially open? (Working Paper)

Measures of de facto capital account openness for China and India raise the question whether the Chinn-Ito measure of de jure capital account openness is useful and whether the Lane-Milesi-Ferretti measure of ...

11 Apr

Authorities' access to trade repository data - consultative report (CPSS-IOSCO)

The purpose of the report is to provide guidance to TRs and authorities on the principles that should guide authorities' access to data held in TRs for typical and non-typical data requests. The report also sets out ...

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Speeches
Central bankers' speeches
17 May
16 May
15 May
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BIS Management speeches
16 May

by Jaime Caruana: Hitting the limits of "outside the box" thinking? Monetary policy in the crisis and beyond

Central banks have had to "think outside the box" to address unprecedented financial instability and to provide monetary stimulus in trying times. Monetary accommodation has been critical to stabilise the financial system and the economy...

08 Apr

by Jaime Caruana: Insurance and financial stability: a Basel view

BIS General Manager Jaime Caruana speaks about the importance of the work that the International Association of Insurance Supervisors and the supervisory community are undertaking...

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...

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