Other publications - last 5 years

This section includes miscellaneous reports that were not written for one of the BIS's publications series (eg BIS Papers, Working Papers) or by a specific BIS Committee.

Date Titles
Nov 2015

Assessing the economic costs and benefits of TLAC implementation

This report presents the work of the experts' group that analysed the economic impact of the implementation of total loss absorbing capacity (TLAC) to be applied to global systemically important banks (G-SIBs). It summarises the assessment of impact on individual banks subjected to the requirement (microeconomic impact), as well as the costs and benefits to the economy as a whole (macroeconomic impact).

May 2015

Handbook on Securities Statistics

The joint handbook assists the production of internationally comparable securities statistics. It covers the conceptual framework for statistics on debt and equity securities. Set of detailed presentation tables using the concepts and guidelines.

Feb 2015

Monetary spillovers? Boom and bust? Currency wars? The international monetary system strikes back

In recent years, the global financial system has witnessed several episodes of instability due to the external repercussions of monetary policy measures by major countries, the development of financial cycles characterised by excessive credit creation followed by sudden stops, and large movements in the exchange rates of both advanced and emerging market economies. The standard therapy for dealing with these disturbances has been a mix of ...

by Fabrizio Saccomanni

Oct 2014

Regulatory reform of over-the-counter derivatives: an assessment of incentives to clear centrally

This paper analyses 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.

Aug 2013

Macroeconomic impact assessment of OTC derivatives regulatory reforms

In its report, the MAGD focuses on the effects of (i) mandatory central clearing of standardised OTC derivatives, (ii) margin requirements for non-centrally-cleared OTC derivatives and (iii) bank capital requirements for derivatives-related exposures.

Mar 2013

Towards better reference rate practices: a central bank perspective

Report by a Working Group established by the BIS Economic Consultative Committee (ECC) and chaired by Hiroshi Nakaso, Assistant Governor, Bank of Japan. The report reviews issues in relation to the use and production of reference interest rates from the perspective of central banks. The Working Group (WG) identifies an urgent need to strengthen the reliability and robustness of existing reference rates and a strong case for enhancing reference rate choice. Both call for prompt action by the private and the public sector.

Feb 2013

International financial markets and bank funding in the euro area: dynamics and participants

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 ...

by Jaime Caruana and Adrian Van Rixtel

Oct 2011

Macroprudential policy tools and frameworks - Progress Report to G20

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.

Oct 2011

Assessment of the macroeconomic impact of higher loss absorbency for global systemically important banks

Aug 2011

The real effects of debt

Paper by S G Cecchetti, M S Mohanty and F Zampolli 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. A revised version, published on 16 September 2011 and including the underlying data (in XLS), is available as BIS Working papers No 352.

by Stephen G Cecchetti, Madhusudan Mohanty and Fabrizio Zampolli

Jul 2011

Local currency bond markets and the Asian Bond Fund 2 Initiative

This report was prepared at the request of Mr Akinari Horii, former Assistant Governor of the Bank of Japan and Chair of the EMEAP Working Group on Financial Markets. It was prepared by Eric Chan, Michael Chui, Frank Packer and Eli M Remolona. It draws heavily from interviews with asset managers, investment strategists, interdealer brokers and central bank staff in several of the EMEAP economies.

by Eric Chan, Frank Packer, Eli M Remolona and Michael Chui

May 2011

Central bank governance and financial stability

This report contains details of new arrangements in a number of places, set in the context of a wider discussion of relevant governance issues. Such new arrangements usefully illustrate the different institutional solutions that are possible for a complex problem.

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