Research at BIS

The Great Financial Crisis: setting priorities for new statistics

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.

Financial crises and bank funding: recent experience in the euro area

Rethinking potential output: Embedding information about the financial cycle

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 ...

Globalisation and inflation dynamics in Asia and the Pacific

BIS Papers No. 70

Capital Flows and the Risk-Taking Channel of Monetary Policy

The great leveraging

The future of financial globalisation

BIS Papers No. 69

The financial cycle and macroeconomics: What have we learnt?

Interpreting TARGET2 balances

Emerging market local currency bonds: diversification and stability

Fiscal policy, public debt and monetary policy in emerging market economies

BIS Papers No. 67