News archive - Before 2004

Working Papers:

A multi-country comparison of the linkages between inflation and exchange rate competitiveness

by Steven Kamin

Working Papers:

Is there excess comovement of bond yields between countries?

by Gregory Sutton

BCBS Publications:

E-money and e-banking developments in G10 countries

Press releases:

The 67th Annual General Meeting of the BIS

The 67th Annual General Meeting of the BIS (BIS Press Release 9th Jun 1997)

BIS 67th Annual Report

Press releases:

BIS Quarterly Review, June 1997

BIS Quarterly Review of International Banking and Financial Market Developments (BIS Press Release 2nd Jun 1997)

Working Papers:

Measuring monetary policy shocks in France, Germany and Italy: The role of the exchange rate

by Frank Smets

Press releases:

Fifth issue of shares in the third tranche of the BIS's capital

Fifth issue of shares in the third tranche of the BIS's capital (BIS Press Release 12th May 1997)

Note on gold operations involving the Bank for International Settlements and the German Reichsbank, 1st September 1939 - 8th May 1945

This note gives details of the gold transactions undertaken between the Bank for International Settlements and the German Reichsbank during the Second World War. It has been drawn up on the basis of the BIS's own archives. The note has been audited by Coopers & Lybrand, London, whose audit certificate is appended.

Press releases:

Communique of the ministers and governors of the Group of Ten

Communique of the ministers and governors of the Group of Ten (BIS Press Release 28th Apr 1997)

Press releases:

Report on real-time gross settlement systems

Report on real-time gross settlement systems (BIS Press Release 22nd Apr 1997)

Press releases:

Mr de Swaan appointed Chairman of the Basle Committee on Banking Supervision

Mr. de Swaan appointed Chairman of the Basle Committee on Banking Supervision (BIS Press Release 7th Apr 1997)

Group of Ten - Financial stability in emerging market economies

In response to an initiative at the Lyon summit in June, 1996, representatives of the countries in the Group of Ten and of emerging market economies have jointly sought to develop a strategy for fostering financial stability in countries experiencing rapid economic growth and undergoing substantial changes in their financial systems. This enterprise has been prompted by the recognition that banking and financial crises can have serious repercussions for these economies in terms of heightened macroeconomic instability, reduced economic growth and a less efficient allocation of savings and investment.

Press releases:

Disclosure framework for securities settlement systems

Disclosure framework for securities settlement systems (BIS Press Release 10th Mar 1997)

CPMI Publications:

Real-time gross settlement systems

by CPMI

Working Papers:

Monetary policy operating procedures in industrial countries

by Claudio Borio

Quarterly Review, February 1997

Disclosure framework for securities settlement systems (CPSS Publications No. 20) - Responses

by CPMI

Press releases:

G-10 approve regular collection of derivatives market statistics

G-10 approve regular collection of derivatives market statistics (BIS Press Release 27th Jan 1997)

Working Papers:

Banking system failures in developing and transition countries: Diagnosis and predictions

by Patrick Honohan

Press releases:

Press Release on Market Risk

Press Release on Market Risk (BIS Press Release 10th Dec 1996)

Quarterly Review, November 1996

Press releases:

Basle Committee and IOSCO release their survey of the disclosures of trading and derivatives activities by banks and securities houses in their 1995 annual reports

Basle Committee and IOSCO release their survey of the disclosures of trading and derivatives activities by banks and securities houses in their 1995 annual reports (BIS Press Release 7th Nov 1996)

Banking crises in emerging economies: origins and policy options

Press releases:

Basle Committee releases paper on the Supervision of Cross-Border Banking

Basle Committee releases paper on the Supervision of Cross-Border Banking (BIS Press Release 8th Oct 1996)

Implications for central banks of the development of electronic money

This short report gives a general overview of the key features and the main policy issues that arise for central banks as a result of the development of electronic money, a novel method for making retail payments electronically that is often seen as a close substitute for cash. The report notes that there are a wide range of potential issues but focuses on those which are of particular interest to central banks. These include the security of electronic money schemes, the legal framework, monetary policy and seigniorage, and implications for payment system oversight and bank supervision.

Press releases:

Mr Fukui assumes the chairmanship of the Euro-currency Standing Committee

Mr. Fukui assumes the chairmanship of the Euro-currency Standing Committee (BIS Press Release 9th Sep 1996)

The BIS statistics on international banking and financial market activity

The origins of the BIS's activities in the field of international financial statistics go back more than thirty years to the emergence of the phenomenon known as the Euro-dollar market, and the policy concerns it raised for the central banks of the Group of Ten countries, under whose auspices the collection of data began. Since then, international financial market activity has mushroomed, and as the related central bank policy concerns have either grown or changed, the BIS databases in this area have also grown and been adapted. Originally the data were confined to international banking, but they now also cover international securities markets and, increasingly, derivatives markets as well. The aim of this brochure is to describe these data and to explain how the various series are constructed and what they seek to measure.

CPMI Publications:

Security of electronic money

by CPMI

Working Papers:

Estimation of speculative attack models: Mexico yet again

by William Melick

CGFS Publications:

Proposals for improving global derivatives market statistics

Working Papers:

Varieties of monetary operating procedures: balancing monetary objectives with market efficiency

by Joseph Bisignano

Press releases:

The 66th Annual General Meeting of the BIS

The 66th Annual General Meeting of the BIS (BIS Press Release 10th Jun 1996)

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity 1995 - Final results

BCBS Publications:

Interpretation of the capital accord for the multilateral netting of forward value foreign exchange transactions

Working Papers:

Monetary policy and the behaviour of interest rates: are long rates excessively volatile?

by Stefan Gerlach

BCBS Publications:

Amendment to the capital accord to incorporate market risks

BCBS Publications:

Supervisory framework for the use of 'backtesting' in conjunction with the internal models approach to market risk capital requirements

Working Papers:

The anatomy of the bond market turbulence of 1994

by Robert N McCauley and Claudio Borio

CPMI Publications:

Statistics on payment systems in the Group of Ten countries - figures for 1994

by CPMI

Working Papers:

Money demand stability and currency substitution in six European countries (1980-1992)

by Renato Filosa

Working Papers:

The information content of the term structure: evidence for Germany

by Stefan Gerlach

BCBS Publications:

The supervision of financial conglomerates

Working Papers:

The response of short-term bank lending rates to policy rates: a cross-country perspective

by Claudio Borio and Wilhelm Fritz

BCBS Publications:

Basel Capital Accord: treatment of potential exposure for off-balance-sheet items

Working Papers:

The monetary transmission mechanism: Evidence from the G-7 countries

by Stefan Gerlach and Frank Smets

BCBS Publications:

Planned supplement to the Capital Accord to incorporate market risks

BCBS Publications:

Proposal to issue a supplement to the Basel Capital Accord to cover market risks

BIS Papers:

Financial structure and the monetary policy transmission mechanism

BCBS Publications:

Amendment to the 1988 Capital Accord Recognition of Collateral

CPMI Publications:

Statistics on payment systems in the Group of Ten countries - figures for 1993

by CPMI

CGFS Publications:

Macroeconomic and monetary policy issues raised by the growth of derivatives markets (Hannoun Report)

Working Papers:

Contagious speculative attacks

by Stefan Gerlach and Frank Smets

CGFS Publications:

A discussion paper on public disclosure of market and credit risks by financial intermediaries (Fisher Report)

BCBS Publications:

Risk management guidelines for derivatives

BCBS Publications:

Amendment to the Capital Accord of July 1988

Exploring aggregate asset price fluctuations across countries: measurement, determinants and monetary policy implications

Working Papers:

Household saving and real house prices: an international perspective

by Palle Andersen and Neale Kennedy

Measuring international price and cost competitiveness

CPMI Publications:

Central bank payment and settlement services with respect to cross-border and multi-currency transactions (Noël Report)

by CPMI

BCBS Publications:

Supervisory Recognition of Netting for Capital Adequacy Purposes

BCBS Publications:

Measurement of Banks' Exposure to Interest Rate Risk

Commercial paper markets: a survey

The nature and management of payment system risks: an international perspective

BCBS Publications:

The insolvency liquidation of a multinational bank

The liberalisation of Japan's financial markets: some major themes

BCBS Publications:

A framework for measuring and managing liquidity

CPMI Publications:

Delivery versus payment in securities settlement systems

by CPMI

Working Papers:

European integration and the demand for broad money

by Carlo Monticelli and Marc-Olivier Strauss-Kahn

The development of the international bond market

BCBS Publications:

Amendment of the Basel capital accord in respect of the inclusion of general provisions/general loan-loss reserves in capital

Working Papers:

Energy shocks and the demand for energy

by Palle Andersen and Henri Bernard

Issues raised by the transition in Central and Eastern Europe

BCBS Publications:

Measuring and controlling large credit exposures

CPMI Publications:

Report of the Committee on Interbank Netting Schemes of the central banks of the Group of Ten countries (Lamfalussy Report)

by CPMI

Developments in external and internal balances - a selective and eclective review

Working Papers:

The steady-state budget constraint and the integration of european financial markets: an arithmetical exercise

by José Ramalho

Leverage and financing of non-financial companies: an international perspective

BCBS Publications:

Exchanges of information between supervisors of participants in the financial markets

Japan's experience of financial deregulation since 1984 in an international perspective

The US external deficit and associated shifts in international portfolios

BCBS Publications:

The relationship between bank supervisors and external auditors (Statement issued by the International Auditing Practices Committee after consultation with the Basel Committee)

CPMI Publications:

Payment systems in eleven developed countries - April 1989

by CPMI

Inflation and output: a review of the wage-price mechanism

Changes in central bank money market operating procedures in the 1980s

BCBS Publications:

Outcome of the consultative process on proposals for international convergence of capital measurement and capital standards

BCBS Publications:

International convergence of capital measurement and capital standards

Financial market activity of life insurance companies and pension funds

BCBS Publications:

Proposals for International Convergence of capital measurement and standards - consultative document

Rising sectoral debt/income ratios: a cause for concern?

The evolution of reserve currency diversification

Private ECUs potential macro-economic policy dimensions

BCBS Publications:

The management of banks' off-balance-sheet exposures: a supervisory perspective

The stability of money demand functions: an alternative approach

International interest rate relationships: policy choices and constraints

Working Papers:

The measurement of effective exchange rates

by Elmar Koch

Working Papers:

Real wages, inflation and unemployment

by Palle Andersen

Inflation, recession and recovery: a nominal income analysis of the process of global disinflation

The international interbank market: a descriptive study

Monetary aggregates and economic activity: evidence from five industrial countries

BCBS Publications:

Authorisation procedures for banks' foreign establishments

Working Papers:

The productivity slowdown and its policy implications

by Palle Andersen

Working Papers:

A survey of the international use of yen

by Hiroo Taguchi

The theory and practive of floating exchange rates and the role of official exchange-market intervention

Theories of the growth of the euro-market: a review of the euro-currency deposit multiplier

Working Papers:

Intermediation and pure liquidity creation in banking systems

by William A Allen

BCBS Publications:

Supervision of banks' foreign exchange positions

Working Papers:

International currency substitution and the apparent instability of velocity in some western European economies and in the United States

by Bruce Brittain

Working Papers:

Determinants of Market Condtions in the Euro-Currency Market - Why a 'Borrowers' Market'

by Kengo Inoue

BCBS Publications:

Treatment of minority participations in the consolidation of banks' balance sheets

BCBS Publications:

Consolidated supervision of banks' international activities

BCBS Publications:

Report on the supervision of banks' foreign establishments - Concordat

G10 Deputies report (Emminger) on possible improvements in the present international monetary system and deliberate reserve creation

The outlook for the functioning and liquidity needs of the international monetary system