News archive - 2008

Working Papers:

Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited

by Dubravko Mihaljek and Marc Klau

Working Papers:

Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?

by Claudio Borio and Haibin Zhu

Press releases:

Quarterly Review, December 2008

Working Papers:

Private matters

by Jean Helwege and Frank Packer

BCBS Publications:

External audit quality and banking supervision

Effective exchange rates in Asia with entrepot and growing intra-regional trade

in "China and Asia: Economic and Financial Interactions" edited by Yin-Wong Cheung and Kar-yiu Wong, Riutledge

by San Sau Fung, Marc Klau, Guonan Ma and Robert N McCauley

Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?

BIS Working Papers, no 268

by Claudio Borio and Haibin Zhu

BCBS Publications:

Supervisory guidance for assessing banks' financial instrument fair value practices - consultative paper

Press releases:

Jaime Caruana appointed as BIS General Manager

BIS speeches:

by Már Guðmundsson: How might the current financial crisis shape financial sector regulation and structure?

Working Papers:

Price discovery from cross-currency and FX swaps: a structural analysis

by Naohiko Baba and Yasuaki Amatatsu

Regular OTC Derivatives Market Statistics

The Global OTC Derivatives Market at end-June 2008

Working Papers:

Determinants of house prices in nine Asia-Pacific economies

by Eloisa T Glindro, Tientip Subhanij, Jessica Szeto and Haibin Zhu

Stress Testing Credit Risk: Comparison of the Czech Republic and Germany

FSI Award 2008 Winning Paper

The Unfolding Turmoil of 2007-2008: Lessons and Responses

in "Lessons from the Financial Turmoil of 2007 and 2008", edited by P Bloxham and C Kent, Reserve Bank of Australia

by Benjamin Cohen and Eli M Remolona

Working Papers:

Effectiveness of monetary policy communication in Indonesia and Thailand

by Sahminan Sahminan

Press releases:

Global bank supervisors endorse strengthened sound practice standards for liquidity risk management and supervision

Working Papers:

The Asian crisis: what did local stock markets expect?

by Jacob Gyntelberg, Alicia García-Herrero and Andrea Tesei

Working Papers:

The housing meltdown: Why did it happen in the United States?

by Luci Ellis

The Asian crisis: what did local stock markets expect?

BIS Working Papers, no 261

by Alicia García-Herrero, Jacob Gyntelberg and Andrea Tesei

Press releases:

Quarterly Review, September 2008

Press releases:

Economic capital paper released today by the Basel Committee for comment

BCBS Publications:

Implementation of the compliance principles

BCBS Publications:

Credit risk transfer - developments from 2005 to 2007 - final document

BCBS Publications:

Guidelines for computing capital for incremental risk in the trading book - consultative document

Press releases:

"Computing Capital for Incremental Risk in the Trading Book" and "Revisions to the Basel II market risk framework" - consultative documents issued by the Basel Committee on Banking Supervision

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Working Papers:

Liquidity and financial cycles

by Tobias Adrian and Hyun Song Shin

BCBS Publications:

Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - consultative paper

Financial system and macroeconomic resilience

BIS Papers No. 41

BIS speeches:

by William R White: International governance for the prevention and management of financial crises

Press releases:

CGFS issues reports pertinent to the financial turmoil

CGFS Publications:

Central bank operations in response to the financial turmoil

Finance for growth: does a balanced financial structure matter?

Revue Economique No 6 (November 2008), forthcoming

by Lucia Cuadro-Saez and Alicia García-Herrero

The 78th Annual General Meeting

BIS 78th Annual Report

BIS speeches:

by Malcolm D Knight: General Manager's statement

7th BIS Annual Conference

Seventh BIS Annual Conference on "Whither monetary policy? Monetary policy challenges in the decade ahead", Lucerne, Switzerland, 26-27 June 2008.

Press releases:

BIS General Manager to step down

Working Papers:

Implementing monetary policy in the 2000s: operating procedures in Asia and beyond

by Corrinne Ho

BCBS Publications:

Principles for Sound Liquidity Risk Management and Supervision - consultative document

Press releases:

Quarterly Review, June 2008

CPSS Publications:

The interdependencies of payment and settlement systems

BIS speeches:

by Malcolm D Knight: Securitisation: was the tail wagging the dog?

Challenges and policy implications of Asia's growing credit card markets

by Tae Soo Kang and Guonan Ma

The long-run output-inflation trade-off with menu costs

North American Journal of Economics and Finance, forthcoming

by Wai-Yip Alex Ho and James Yetman

Liquidity in an emerging bond market: the case of corporate bonds in Malaysia

BIS Working Papers, forthcoming

by Philip Wooldridge, Eric Chan and Mohd Fairuz Hj Ahmad

Effectiveness of Monetary Policy Communication in Indonesia and Thailand

forthcoming

by Sahminan Sahminan

The evolution of trading activity in Asian foreign exchange markets

BIS Working Papers, no 252

by Yosuke Tsuyuguchi and Philip Wooldridge

Information Flows During the Asian Crisis: Evidence from Closed-end Funds

Journal of International Money and Finance, Vol 27, No 4, pp 636-53

by Benjamin Cohen and Eli M Remolona

Asian banks in the international interbank market

BIS Quarterly Review

by Robert N McCauley and Jens Zukunft

Working Papers:

The evolution of trading activity in Asian foreign exchange markets

by Yosuke Tsuyuguchi and Philip Wooldridge

Asian research programme

Regular OTC Derivatives Market Statistics

The Global OTC Derivatives Market at end-December 2007

BIS speeches:

by Malcolm D Knight: The euro as a catalyst for global financial market deepening

CPSS Publications:

Progress in reducing foreign exchange settlement risk

Press releases:

BIS establishes Consultative Council for the Americas

Fiscal-monetary interaction in Indonesia

forthcoming

by Danny Hermawan and Anella Munro

Press releases:

Joint Forum release of "Customer suitability" paper

Statistics:

Provisional international banking statistics, fourth quarter 2007

BCBS Publications:

Cross-sectoral review of group-wide identification and management of risk concentrations

Press releases:

Basel Committee on Banking Supervision announces steps to strengthen the resilience of the banking system

Financial market developments and their implications for monetary policy

BIS Papers No. 39

The growth of Asian FX markets

Banking Today, March/April 2008, pp 18-24. Includes Chinese translation.

by Philip Wooldridge

Household debt, monetary policy and financial stability: still searching for a unifying model

Paper presented at the Bank of Korea/Bank for International Settlements Seminar on "Household Debt: Implications for Monetary Policy and Financial Stability" in Seoul

by Andrew Filardo

BCBS Publications:

Credit risk transfer - developments from 2005 to 2007 - consultative document

Press releases:

Financial Stability Forum meets in Rome

Irving Fisher Committee on Central Bank Statistics

CPSS Publications:

Statistics on payment and settlement systems in selected countries - Figures for 2006

Press releases:

BIS appoints Stephen G Cecchetti as Economic Adviser, Head of Monetary and Economic Department

Working Papers:

Tips from TIPS: the informational content of Treasury Inflation-Protected Security prices

by Stefania D`Amico, Don Kim and Min Wei

Press releases:

Quarterly Review, March 2008

Managing Recent Hot Money Inflows in Asia

Asian Development Bank Institute Discussion Papers no 99

by Robert N McCauley

What drives the current account in commodity exporting countries? The cases of Chile and New Zealand

BIS Working Papers No 247

by Juan Pablo Medina, Anella Munro and Claudio Soto

Hong Kong and Shanghai: Yesterday, Today and Tomorrow

In Takatoshi Ito and Andrew Rose, eds., Financial Sector Development in the Pacific Rim, East Asia Seminar on Economics Volume 18 (Chicago: University of Chicago Press), forthcoming

by Robert N McCauley and Eric Chan

Monetary policy decisions: preparing the inputs and communicating the outcomes

BIS Papers No. 37

Press releases:

Liquidity risk: management and supervisory challenges

Asian research networks test page

Working Papers:

Central bank policy rate guidance and financial market functioning

by Richhild Moessner and William Nelson

Working Papers:

Understanding Asian equity flows, market returns and exchange rates

by Chayawadee Chai-Anant and Corrinne Ho

Working Papers:

Asset prices and monetary policy: booms and fat tails in East Asia

by Maria Socorro Gochoco-Bautista

Choosing the currency numeraire in managing official foreign exchange reserves

In Robert Pringle and Nick Carver, (eds.), RBS Reserve Management Trends 2008

by Robert N McCauley

Understanding Asian Equity flows, market returns and exchanges rates

BIS Working Papers no 245

by Chayawadee Chai-Anant and Corrinne Ho

Statistics:

Provisional international banking statistics, third quarter 2007

Press releases:

Financial Stability Forum Chairman welcomes hedge fund manager initiative on best practice standards

Transparency and communication in monetary policy: a survey of Asian central banks

BSP-BIS High-Level Conference on Transparency and Communication in Monetary Policy, 1 February, Manila

by Andrew Filardo and Diwa C Guinigundo

Managing expectations by words and deeds: monetary policy in Asia and the Pacific

BSP-BIS High-Level Conference on Transparency and Communication in Monetary Policy, 1 February, Manila

by Alicia García-Herrero and Eli M Remolona

Housing finance agencies in Asia

BIS Working Papers no 241, January 2008

by Michael Davies, Jacob Gyntelberg and Eric Chan