http://www.bis.org/list/other/from_01012010/index.rss All publications that do not fall into on of the BIS publication categories are found in this list. 2010 to 2014 en http://www.bis.org/publ/othp21.htm Abstract of "Regulatory reform of over-the-counter derivatives: an assessment of incentives to clear centrally", a paper analysing whether the post-crisis regulatory reforms developed by global standard-setting bodies create appropriate incentives for different types of market participants to centrally clear OTC derivatives contracts. Regulatory reform of over-the-counter derivatives: an assessment of incentives to clear centrally 2014-10-03T09:00:00Z Regulatory reform of over-the-counter derivatives: an assessment of incentives to clear centrally 2014-10-03T09:00:00Z BIS OTC derivatives central clearing CCPs PDF version http://www.bis.org/publ/othp21.pdf October 2014 http://www.bis.org/publ/othp20.htm Full text of "Macroeconomic impact assessment of OTC derivatives regulatory reforms", MAG report submitted by a working group chaired by Stephen G Cecchetti of the Bank for International Settlements, August 2013. Macroeconomic impact assessment of OTC derivatives regulatory reforms 2013-08-26T14:31:00Z Macroeconomic impact assessment of OTC derivatives regulatory reforms 2013-08-26T14:31:00Z BIS PDF version http://www.bis.org/publ/othp20.pdf August 2013 http://www.bis.org/publ/othp19.htm A report entitled "Towards better reference rate practices: a central bank perspective" has been released today by a Working Group established by the Economic Consultative Committee (ECC). Chaired by Hiroshi Nakaso, Assistant Governor, Bank of Japan, the Working Group comprised officials from 13 central banks and monetary authorities. Towards better reference rate practices: a central bank perspective 2013-03-18T08:00:00Z Towards better reference rate practices: a central bank perspective 2013-03-18T08:00:00Z BIS PDF version http://www.bis.org/publ/othp19.pdf March 2013 http://www.bis.org/publ/othp18.htm Paper by Jaime Caruana and Adrian Van Rixtel, originally published in Spanish in the journal "Economistas", in December 2012. This article investigates the development of bank funding in the euro area in recent years, analysing how euro area funding markets were severely disrupted by adverse feedback effects between the weaknesses of sovereigns and banks. These were reflected, for example, in important adjustments in funding provided by international banks and US money market funds and in a growing recourse to secured instruments such as covered bonds. The article concludes that funding structures that seem stable in normal times can turn highly unstable during episodes of financial market stress. This applies in particular to financing obtained from foreign sources, which may be especially sensitive to shocks in recipient countries. Moreover, the strong link between sovereigns and banks has underscored the importance of fiscal prudence and, in the European case, the need for greater financial integration in the euro area. International financial markets and bank funding in the euro area: dynamics and participants 2013-02-07T15:22:00Z This article investigates the development of bank funding in the euro area in recent years, analysing how euro area funding markets were severely disrupted by adverse feedback effects between the weaknesses of sovereigns and banks. These were reflected, for example, in important adjustments in funding provided by international banks and US money market funds and in a growing recourse to secured instruments such as covered bonds. The article concludes that funding structures that seem stable in normal times can turn highly unstable during episodes of financial market stress. This applies in particular to financing obtained from foreign sources, which may be especially sensitive to shocks in recipient countries. Moreover, the strong link between sovereigns and banks has underscored the importance of fiscal prudence and, in the European case, the need for greater financial integration in the euro area. International financial markets and bank funding in the euro area: dynamics and participants 2013-02-07T15:22:00Z BIS PDF version http://www.bis.org/publ/othp18.pdf Jaime Caruana Caruana Mr General Manager Bank for International Settlements Adrian Van Rixtel Van Rixtel Mr Senior Economist Bank for International Settlements Jaime Caruana and Adrian Van Rixtel February 2013 http://www.bis.org/publ/othp17.htm Abstract of "Macroprudential policy tools and frameworks - progress report to G20", 26 October 2011. This report responds to the call of G20 Leaders on the FSB, IMF and BIS to do further work on macroprudential policy. It traces the progress in implementing macroprudential policy frameworks along three broad lines: (i) advances in the ... Macroprudential policy tools and frameworks - Progress Report to G20 2011-10-27T19:00:00Z This report responds to the call of G20 Leaders on the FSB, IMF and BIS to do further work on macroprudential policy. It traces the progress in implementing macroprudential policy frameworks along three broad lines: (i) advances in the identification and monitoring of systemic financial risk; (ii) the designation and calibration of instruments for macroprudential purposes; and (iii) building institutional and governance arrangements in the domestic and regional context. The report's main message is that effective macroprudential frameworks require institutional arrangements and governance structures that, tailored to national circumstances, are able to mobilise the right tools to limit systemic risk as well as ensure a frank dialogue and resolve conflicts among policy makers' objectives. While recognising that no one size fits all, the report describes steps that have been taken, nationally and internationally, in developing macroprudential policy frameworks. The report also highlights the scope for further progress in the identification of systemic risk, the collection and analysis of data, in assessing the performance of newly introduced tools and in the establishment of institutional arrangements for the conduct of policy. Macroprudential policy tools and frameworks - Progress Report to G20 2011-10-27T19:00:00Z BIS PDF version http://www.bis.org/publ/othp17.pdf October 2011 http://www.bis.org/publ/bcbs202.htm Abstract of the report by the Macroeconomic Assessment Group (MAG) (established by the Financial Stability Board and the Basel Committee on Banking Supervision) on "Assessment of the macroeconomic impact of higher loss absorbency for global systemically important banks", October 2011 Assessment of the macroeconomic impact of higher loss absorbency for global systemically important banks 2011-10-10T19:00:00Z Weaknesses at large financial institutions have often played a central role in the triggering and propagation of systemic financial crises. The 2007-09 financial crisis was only the most recent example. Since the crisis, authorities worldwide have sought ways to strengthen regulation and supervision of these institutions, including through efforts at the international level led by the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision. As part of a package of measures for addressing these risks, the Basel Committee has made proposals for improving the loss absorbency of global systemically important banks (G-SIBs). Assessment of the macroeconomic impact of higher loss absorbency for global systemically important banks 2011-10-10T19:00:00Z BIS capital surcharge G-SIBs SIFI too big to fail GSIB GSIFI PDF version http://www.bis.org/publ/bcbs202.pdf October 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/othp16.htm Abstract of a paper prepared for the "Achieving Maximum Long-Run Growth" symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 25-27 August 2011. The real effects of debt 2011-08-29T09:18:00Z At moderate levels, debt improves welfare and enhances growth. But high levels can be damaging. When does debt go from good to bad? We address this question using a new dataset that includes the level of government, non-financial corporate and household debt in 18 OECD countries from 1980 to 2010. Our results support the view that, beyond a certain level, debt is a drag on growth. For government debt, the threshold is around 85% of GDP. The immediate implication is that countries with high debt must act quickly and decisively to address their fiscal problems. The longer-term lesson is that, to build the fiscal buffer required to address extraordinary events, governments should keep debt well below the estimated thresholds. Our examination of other types of debt yields similar conclusions. When corporate debt goes beyond 90% of GDP, it becomes a drag on growth. And for household debt, we report a threshold around 85% of GDP, although the impact is very imprecisely estimated. The real effects of debt 2011-08-29T09:18:00Z BIS PDF version http://www.bis.org/publ/othp16.pdf Stephen G Cecchetti Cecchetti Mr Economic Adviser, Head of Monetary and Economic Department Bank for International Settlements Madhusudan Mohanty Mohanty Mr Head of Macroeconomic Monitoring Bank for International Settlements Fabrizio Zampolli Zampolli Mr Senior Economist Bank for International Settlements Stephen G Cecchetti, Madhusudan Mohanty and Fabrizio Zampolli August 2011 http://www.bis.org/publ/othp15.htm Abstract of "Local currency bond markets and the Asian Bond Fund 2 Initiative", July 2011 Local currency bond markets and the Asian Bond Fund 2 Initiative 2011-07-15T15:06:00Z Local currency bond markets and the Asian Bond Fund 2 Initiative 2011-07-15T15:06:00Z BIS PDF version http://www.bis.org/publ/othp15.pdf Eric Chan Chan Mr Statistical Analyst Bank for International Settlements Frank Packer Packer Mr Head of Financial Stability and Markets Bank for International Settlements Eli M Remolona Remolona Mr Chief Representative Bank for International Settlements Michael Chui Chui Mr Economist Bank for International Settlements Eric Chan, Frank Packer, Eli M Remolona and Michael Chui July 2011 http://www.bis.org/publ/othp14.htm Abstract of "Central bank governance and financial stability", a report by a Study Group, chair: Stefan Ingves, June 2011. Central bank governance and financial stability 2011-05-31T08:14:00Z Central bank governance and financial stability 2011-05-31T08:14:00Z BIS Financial Stability central bank governance central banks and financial stability PDF version http://www.bis.org/publ/othp14.pdf May 2011 http://www.bis.org/publ/othp13.htm Abstract of "Macroprudential policy tools and frameworks", update to G20 Finance Ministers and Central Bank Governors, 14 February 2011 Macroprudential policy tools and frameworks 2011-03-14T09:25:00Z Macroprudential policy tools and frameworks 2011-03-14T09:25:00Z BIS PDF version http://www.bis.org/publ/othp13.pdf March 2011 http://www.bis.org/publ/othp12.htm Full text of "Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements", MAG report submitted by a working group chaired by Stephen G Cecchetti of the Bank for International Settlements, December 2010. Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements - Final report 2010-12-17T10:51:00Z Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements - Final report 2010-12-17T10:51:00Z BIS PDF version http://www.bis.org/publ/othp12.pdf December 2010 http://www.bis.org/publ/othp11.htm BIS, ECB IMF "Handbook on Securities Statistics", September 2010 Handbook on Securities Statistics 2010-09-07T13:33:00Z Handbook on Securities Statistics 2010-09-07T13:33:00Z BIS September 2010 http://www.bis.org/publ/othp10.htm Full text of "Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements", MAG report submitted by a working group chaired by Stephen G Cecchetti of the Bank for International Settlements, August 2010. Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements - Interim Report 2010-08-18T08:00:00Z Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements - Interim Report 2010-08-18T08:00:00Z BIS PDF version http://www.bis.org/publ/othp10.pdf August 2010 http://www.bis.org/publ/othp09.htm Abstract of a paper prepared for the Reserve Bank of India's International Research Conference "Challenges to Central Banking in the context of Financial Crisis", Mumbai, India, 12-13 February 2010. The future of public debt: prospects and implications 2010-02-17T14:15:00Z The future of public debt: prospects and implications 2010-02-17T14:15:00Z BIS PDF version http://www.bis.org/publ/othp09.pdf Stephen G Cecchetti Cecchetti Mr Economic Adviser, Head of Monetary and Economic Department Bank for International Settlements Madhusudan Mohanty Mohanty Mr Head of Macroeconomic Monitoring Bank for International Settlements Fabrizio Zampolli Zampolli Mr Senior Economist Bank for International Settlements Stephen G Cecchetti, Madhusudan Mohanty and Fabrizio Zampolli February 2010 http://www.bis.org/publ/othp08.htm Paper by Mr Jaime Caruana, General Manager of the BIS, 12 February 2010. Systemic risk: how to deal with it? 2010-02-12T16:00:00Z Systemic risk: how to deal with it? 2010-02-12T16:00:00Z BIS Caruana Jaime Caruana Jaime Caruana Caruana Mr General Manager Bank for International Settlements Jaime Caruana February 2010