News archive - 2009

Date  
31 Dec 2009

BIS Quarterly Review, December 2009: Issues and developments in loan loss provisioning: the case of Asia

by Sarawan Angklomkliew, Frank Packer and Jason George

30 Dec 2009

Working Papers:

Consumption and real exchange rates in professional forecasts

by Michael B Devereux, Gregor W Smith and James Yetman

23 Dec 2009

Basel Committee newsletter:

LGD Floors

21 Dec 2009

Working Papers:

The risk of relying on reputational capital: a case study of the 2007 failure of New Century Financial

by Allen B Frankel

17 Dec 2009

BCBS Publications:

International framework for liquidity risk measurement, standards and monitoring - consultative document

17 Dec 2009

Press releases:

Consultative proposals to strengthen the resilience of the banking sector announced by the Basel Committee

17 Dec 2009

BCBS Publications:

Strengthening the resilience of the banking sector - consultative document

11 Dec 2009

CPSS Publications:

Statistics on payment and settlement systems in selected countries - Figures for 2008

08 Dec 2009

BIS speeches:

by Hervé Hannoun: Unwinding public interventions after the crisis

07 Dec 2009

Press releases:

Quarterly Review, December 2009

Also available in:

07 Dec 2009

BIS Quarterly Review:

BIS Quarterly Review, December 2009

04 Dec 2009

Resisting financial globalisation in Asia

in Financial Globalisation and Emerging Market Economies: Proceedings of the 2008 Bank of Thailand International Symposium, pp, 177-222

by Robert N McCauley and Guonan Ma

20 Nov 2009

Working Papers:

Ten propositions about liquidity crises

by Claudio Borio

20 Nov 2009

Working Papers:

Unconventional monetary policies: an appraisal

by Claudio Borio and Piti Disyatat

18 Nov 2009

BIS speeches:

by Jaime Caruana: Unconventional monetary policies in time of crisis

16 Nov 2009

BIS speeches:

by Stephen G Cecchetti: Residential property price indices

16 Nov 2009

Joint BIS/ECB/World Bank Public Investors Conference 2009 on "Portfolio and risk management for central banks and sovereign wealth funds"

Joint conference by the BIS, the ECB and the World Bank on "Portfolio and risk management for central banks and sovereign wealth funds", Washington DC, 16-17 November 2009.

12 Nov 2009

Press releases:

OTC derivatives market activity in the first half of 2009

12 Nov 2009

Regular OTC Derivatives Market Statistics

The Global OTC Derivatives Market at end-June 2009

07 Nov 2009

Guidance to Assess the Systemic Importance of Financial Institutions, Markets and Instruments: Initial Considerations

Prepared by staff of the International Monetary Fund, the Bank for International Settlements and the Financial Stability Board and submitted to G20 Finance Ministers and Governors. The report and background paper respond to a request made by the G20 Leaders in April 2009 to develop guidance for national authorities to assess the systemic importance of financial institutions, markets and instruments. The report outlines conceptual and analytical approaches to the assessment of systemic importance and discusses a possible form for general guidelines.

29 Oct 2009

BIS speeches:

by Jaime Caruana: Financial reforms: what are the common lessons for prudential supervisors?

22 Oct 2009

Statistics:

Provisional international banking statistics, second quarter 2009

15 Oct 2009

Press releases:

Trading book quantitative impact study by the Basel Committee: results

15 Oct 2009

BCBS Publications:

Analysis of the trading book quantitative impact study

14 Oct 2009

Working Papers:

The US dollar shortage in global banking and the international policy response

by Patrick McGuire and Goetz von Peter

08 Oct 2009

Working Papers:

Mutual guarantee institutions and small business finance

by Francesco Columba, Leonardo Gambacorta and Paolo Emilio Mistrulli

02 Oct 2009

Statistics:

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2010: Reporting Guidelines and Templates (reporting dealers/institutions)

30 Sep 2009

CGFS Publications:

Credit risk transfer statistics

29 Sep 2009

Working Papers:

Incentives and tranche retention in securitisation: a screening model

by Ingo Fender and Janet Mitchell

29 Sep 2009

Press releases:

Special Purpose Entities: Joint Forum releases final report

29 Sep 2009

BCBS Publications:

Report on Special Purpose Entities

28 Sep 2009

CPSS Publications:

Statistics on payment and settlement systems in selected countries - Figures for 2008 - Preliminary release

25 Sep 2009

BIS speeches:

by Jaime Caruana: Deposit insurance core principles

24 Sep 2009

Working Papers:

Time to buy or just buying time? The market reaction to bank rescue packages

by Michael R King

22 Sep 2009

Statistics:

Frequently asked questions and answers concerning the triennial FX and derivatives survey in 2010

17 Sep 2009

Press releases:

Report and recommendations of the Cross-border Bank Resolution Group issued by the Basel Committee

17 Sep 2009

BCBS Publications:

Report and recommendations of the Cross-border Bank Resolution Group - consultative document

15 Sep 2009

Press releases:

2010 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity

14 Sep 2009

Integrating financial stability: new models for a new challenge

This essay was prepared for the joint BIS-ECB Workshop on "Monetary policy and financial stability", Basel, Switzerland, 10-11 September 2009. In this essay, we begin with a brief review of the pre-crisis consensus that provided the basis for stabilisation policy as it has been conducted since around 1980. Our main conclusion is obvious: we need to build economic models that integrate the financial sector in a serious way, accounting for the role of intermediaries with all of their linkages, both with each other and with the real economy. And, most importantly, these models must ...

by Stephen G Cecchetti, Piti Disyatat and Marion Kohler

14 Sep 2009

Press releases:

Quarterly Review, September 2009

Also available in:

14 Sep 2009

BIS Quarterly Review:

BIS Quarterly Review, September 2009

11 Sep 2009

BIS speeches:

by Jaime Caruana: The international policy response to financial crises: making the macroprudential approach operational

10 Sep 2009

BIS/ECB Workshop on "Monetary Policy and Financial Stability"

Joint workshop by the BIS and the ECB on "Monetary Policy and Financial Stability", Basel, Switzerland, 10-11 September 2009.

07 Sep 2009

Press releases:

Comprehensive response to the global banking crisis

31 Aug 2009

Leverage constraints and the international transmission of shocks

by Michael B Devereux and James Yetman

27 Aug 2009

Press releases:

Guiding principles for the revision of accounting standards for financial instruments issued by the Basel Committee

27 Aug 2009

BCBS Publications:

Guiding principles for the replacement of IAS 39

26 Aug 2009

Working Papers:

International portfolio rebalancing and exchange rate fluctuations in Thailand

by Jacob Gyntelberg, Mico Loretan, Tientip Subhanij and Eric Chan

24 Aug 2009

Financial Crises and Economic Activity

This paper was prepared for the Federal Reserve Bank of Kansas City's symposium at Jackson Hole, Wyoming, August 2009. An updated version of this paper has been posted on 14 September 2009. This paper studies the length, depth and output costs of a sample of 40 systemic banking crises in 35 countries since 1980 to assess the likely real impact of the current crisis. Most, but not all, systemic banking crises in our sample coincide with ...

by Stephen G Cecchetti, Marion Kohler and Christian Upper

14 Aug 2009

Consumption and real exchange rates in professional forecasts

BIS Working Papers 295

by Michael B Devereux, Gregor W Smith and James Yetman

14 Aug 2009

Why Issue Bonds Offshore?

BIS Working Papers 334

by Susan Black and Anella Munro

14 Aug 2009

Targeting inflation in Asia and the Pacific: Lessons from the recent past

BIS Working Papers, forthcoming

by Andrew Filardo and Hans Genberg

14 Aug 2009

Contagion and risk premia in the amplification of crisis: Evidence from Asian names in the CDS market

BIS Papers No 52

by Mico Loretan, Don Kim and Eli M Remolona

14 Aug 2009

Motivations for Swap-covered Foreign Currency Borrowing

BIS Papers 52

by Philip Wooldridge and Anella Munro

14 Aug 2009

Financial deleveraging and the international transmission of shocks

BIS Working papers 52

by Michael B Devereux and James Yetman

09 Aug 2009

Determinants of House Prices in Nine Asia-Pacific Economies

PBC-BIS Shanghai conference proceedings

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

09 Aug 2009

The international financial crisis: timeline, impact and policy responses in Asia and the Pacific

by staff at the BIS Representative Office for Asia and the Pacific, PBC-BIS Shanghai conference proceedings

04 Aug 2009

Irving Fisher Committee on Central Bank Statistics events

01 Aug 2009

International portfolio rebalancing and exchange rate fluctuations in Thailand

BIS Working Paper no 287

by Jacob Gyntelberg, Mico Loretan, Tientip Subhanij and Eric Chan

31 Jul 2009

An assessment of financial sector rescue programmes

BIS Papers No 48

by Fabio Panetta, Thomas Faeh, Giuseppe Grande, Corrinne Ho, Michael King, Aviram Levy, Federico M Signoretti, Marco Taboga and Andrea Zaghini

30 Jul 2009

History of the Basel Committee and its Membership

28 Jul 2009

BCBS Publications:

Results from the 2008 Loss Data Collection Exercise

28 Jul 2009

Press releases:

The Basel Committee issues papers on operational risk

24 Jul 2009

Press releases:

Committee on Payment and Settlement Systems broadens its membership

24 Jul 2009

IFC Bulletin:

Proceedings of the IFC Conference on "Measuring financial innovation and its impact", Basel, 26-27 August 2008

23 Jul 2009

Statistics:

Provisional international banking statistics, first quarter 2009

20 Jul 2009

Press releases:

CPSS-IOSCO working group on the review of the "Recommendations for Central Counterparties"

15 Jul 2009

Chronology of the BIS, 1929-2009

15 Jul 2009

1929-1939

15 Jul 2009

1940-1949

15 Jul 2009

1950-1959

15 Jul 2009

1960-1969

15 Jul 2009

1970-1979

15 Jul 2009

1980-1989

15 Jul 2009

1990-1999

15 Jul 2009

2000-2009

13 Jul 2009

BCBS Publications:

Guidelines for computing capital for incremental risk in the trading book - final version

13 Jul 2009

BCBS Publications:

Revisions to the Basel II market risk framework - final version

13 Jul 2009

Press releases:

Basel II capital framework enhancements announced by the Basel Committee

13 Jul 2009

BCBS Publications:

Enhancements to the Basel II framework

10 Jul 2009

BIS speeches:

by Stephen G Cecchetti: Financial system and macroeconomic resilience: revisited

07 Jul 2009

Working Papers:

China's evolving external wealth and rising creditor position

by Guonan Ma and Zhou Haiwen

07 Jul 2009

Working Papers:

From turmoil to crisis: dislocations in the FX swap market before and after the failure of Lehman Brothers

by Naohiko Baba and Frank Packer

01 Jul 2009

China's external wealth: evolution and implications

BIS Working Paper no 286

by Guonan Ma and Haibin Zhu

01 Jul 2009

IFC Bulletin:

Proceedings of the IFC Workshops on "The use of surveys by central banks", in Pune June 2007, Buenos Aires December 2007 and Vienna March 2008

29 Jun 2009

BIS speeches:

by Jaime Caruana: General Manager's statement

29 Jun 2009

Statistics:

Annual Report 2008/09 - Statistics associated with the graphs

29 Jun 2009

The 79th Annual General Meeting

29 Jun 2009

Press releases:

BIS Annual Report: Rescue, recovery, reform – the narrow path ahead

Also available in:

29 Jun 2009

BIS Annual Report 2008/09

Also available in:

29 Jun 2009

BIS speeches:

by Jaime Caruana: General Manager's speech: The narrow path ahead

26 Jun 2009

Press releases:

Már Gudmundsson appointed Governor of the Central Bank of Iceland

25 Jun 2009

8th BIS Annual Conference

Eighth BIS Annual Conference on "Financial System and Macroeconomic Resilience: revisited", Bank for International Settlements, Basel, Switzerland, 25-26 June 2009.

18 Jun 2009

Press releases:

Core Principles for Effective Deposit Insurance Systems: paper issued by Basel Committee and IADI

18 Jun 2009

BCBS Publications:

Core Principles for Effective Deposit Insurance Systems - final paper

Also available in:

15 Jun 2009

BCBS Publications:

Stocktaking on the use of credit ratings

15 Jun 2009

Press releases:

Stocktaking on the use of credit ratings - Joint Forum releases final paper

11 Jun 2009

Working Papers:

Towards an operational framework for financial stability: "fuzzy" measurement and its consequences

by Claudio Borio and Mathias Drehmann

10 Jun 2009

Why Don't Asians Invest in Asia? The Determinants of Cross-Border Portfolio Holdings

Asian Economic Papers, vol 8 (Summer)

by Alicia García-Herrero, Philip Wooldridge and Doo Yong Yang

10 Jun 2009

Press releases:

Basel Committee broadens its membership

09 Jun 2009

External vulnerability in Asia

by Anella Munro and Sebastian Edwards

09 Jun 2009

Short-term Policy Responses to the International Financial Crisis and Risks to sustainable Medium-term Policy Frameworks in Asia: Complications arising from Enduring Global Imbalances

ADBI conference proceedings

by Andrew Filardo

08 Jun 2009

Press releases:

Quarterly Review, June 2009

Also available in:

08 Jun 2009

BIS Quarterly Review:

BIS Quarterly Review, June 2009

01 Jun 2009

Commercial property prices and bank performance

Quarterly Review of Economics and Finance

by E. Davis and Haibin Zhu

26 May 2009

Communication of monetary policy decisions by central banks: what is revealed and why

BIS Papers No 47

by Serge Jeanneau

25 May 2009

Household debt: implications for monetary policy and financial stability

BIS Papers No. 46

25 May 2009

Foreword of "Household debt: implications for monetary policy and financial stability", May 2009

25 May 2009

List of participants from "Household debt: implicationsfor monetary policy and financial stability", BIS Papers 46, May 2009

25 May 2009

Programme from "Household debt: implicationsfor monetary policy and financial stability", BIS Papers 46, May 2009

25 May 2009

Introduction for "Household debt: implications for monetary policy and financial stability", May 2009

20 May 2009

Press releases:

Sound stress testing principles issued by Basel Committee

20 May 2009

BCBS Publications:

Principles for sound stress testing practices and supervision - final paper

Also available in:

19 May 2009

BIS speeches:

by Jaime Caruana: Financial globalisation, the crisis and Latin America

19 May 2009

Press releases:

OTC derivatives market activity in the second half of 2008

19 May 2009

Regular OTC Derivatives Market Statistics

The Global OTC Derivatives Market at end-December 2009

18 May 2009

Press releases:

Issues in the Governance of Central Banks

18 May 2009

Issues in the Governance of Central Banks

This report by the Central Bank Governance Group presents information intended to help decision-makers set up governance arrangements that are most suitable for their own circumstances. The report draws on a large body of information on the design and operation of central banks that the BIS has brought together since it initiated work on central bank governance in the early 1990s.

Also available in:

14 May 2009

Press releases:

Working paper on the interaction of market and credit risk issued by Basel Committee

13 May 2009

Press releases:

BIS, ECB, IMF publish first part of Handbook on Securities Statistics

13 May 2009

Press releases:

BIS appoints Diego Devos as General Counsel

13 May 2009

BCBS Working Papers:

Findings on the interaction of market and credit risk

12 May 2009

Press releases:

Guidance on cross-border wire transfer messages released by the Basel Committee

12 May 2009

BCBS Publications:

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

11 May 2009

Working Papers:

Another look at global disinflation

by Toshitaka Sekine

11 May 2009

Press releases:

William C Dudley appointed CPSS Chairman

10 May 2009

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

BIS Papers no 46

by Andrew Filardo

10 May 2009

Household debt: implications for monetary policy and financial stability

Edited by Guonan Ma, proceedings of a joint conference organised by the BIS and the Bank of Korea in Seoul on 28 March 2008, BIS Papers, no 46

30 Apr 2009

Working Papers:

China's exchange rate policy and Asian trade

by Alicia García-Herrero and Tuuli Koivu

29 Apr 2009

Working Papers:

A Framework for Assessing the Systemic Risk of Major Financial Institutions

by Xin Huang, Hao Zhou and Haibin Zhu

28 Apr 2009

Statistics:

Provisional international banking statistics, fourth quarter 2008

17 Apr 2009

CGFS Publications:

The role of valuation and leverage in procyclicality

16 Apr 2009

Working Papers:

Measuring portfolio credit risk correctly: why parameter uncertainty matters

by Nikola Tarashev

15 Apr 2009

BCBS Publications:

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

09 Apr 2009

China's exchange rate policy and Asian trade

BIS Working Papers no 282

by Alicia García-Herrero and Tuuli Koivu

03 Apr 2009

Press releases:

Financial Stability Forum re-established as the Financial Stability Board

03 Apr 2009

Press releases:

Financial Stability Forum issues Recommendations and Principles to Strengthen Financial Systems

30 Mar 2009

Press releases:

Initiatives in response to the crisis by the Basel Committee

27 Mar 2009

Workshop on "Challenges in banking research"

27 Mar 2009

BCBS Publications:

Range of practices and issues in economic capital frameworks - final paper

26 Mar 2009

Working Papers:

The pricing of subprime mortgage risk in good times and bad: evidence from the ABX.HE indices

by Ingo Fender and Martin Scheicher

25 Mar 2009

Working Papers:

Credit frictions and optimal monetary policy

by Vasco Cúrdia and Michael Woodford

25 Mar 2009

Working Papers:

China's financial conundrum and global imbalances

by Ronald McKinnon and Gunther Schnabl

25 Mar 2009

Working Papers:

Has the monetary transmission process in the euro area changed? Evidence based on VAR estimates

by Axel A Weber, Rafael Gerke and Andreas Worms

25 Mar 2009

Working Papers:

Inflation expectations, uncertainty and monetary policy

by Christopher A Sims

25 Mar 2009

Working Papers:

Talking about monetary policy: the virtues (and vice?) of central bank communication

by Alan Blinder

25 Mar 2009

Working Papers:

In search of monetary stability: the evolution of monetary policy

by Otmar Issing

25 Mar 2009

Design and evaluation of core inflation measures for Turkey

IFC Working Papers No 3

by Oğuz Atuk and Mustafa Utku Özmen

25 Mar 2009

BIS Papers:

Whither monetary policy? Monetary policy challenges in the decade ahead

by William R White, Edmund S Phelps, Martin Wolf, Martin Feldstein, Mark Carney and Jean-Pierre Landau

13 Mar 2009

Press releases:

Financial Stability Forum decides to broaden its membership

13 Mar 2009

Press releases:

Financial Stability Forum meets in London

13 Mar 2009

Press releases:

Expansion of membership announced by the Basel Committee

12 Mar 2009

BCBS Publications:

Core principles for effective deposit insurance systems - consultative document

12 Mar 2009

Press releases:

Initiatives on capital announced by the Basel Committee

12 Mar 2009

Press releases:

Basel Committee and IADI issue Core Principles for Effective Deposit Insurance Systems for public consultation

05 Mar 2009

CPSS Publications:

Statistics on payment and settlement systems in selected countries - Figures for 2007

03 Mar 2009

Working Papers:

Bank ties and firm performance in Japan: some evidence since FY2002

by Patrick McGuire

02 Mar 2009

Press releases:

Quarterly Review, March 2009

Also available in:

02 Mar 2009

BIS Quarterly Review:

BIS Quarterly Review, March 2009

27 Feb 2009

Working Papers:

Private information, stock markets, and exchange rates

by Jacob Gyntelberg, Mico Loretan, Tientip Subhanij and Eric Chan

16 Feb 2009

2008 FSI Survey on the Implementation of the new capital adequacy framework in non-Basel Committee member countries

13 Feb 2009

BIS speeches:

by Hervé Hannoun: Long-term sustainability versus short-term stimulus: is there a trade-off?

03 Feb 2009

Press releases:

CGFS report on capital flows and emerging market economies

Also available in:

03 Feb 2009

Press releases:

Spanish translation of press release on CGFS report on capital flows and emerging market economies

03 Feb 2009

CGFS Publications:

Capital flows and emerging market economies

01 Feb 2009

Price adjustment and exchange rate pass-through

Journal of International Money and Finance, forthcoming

by James Yetman and Michael B Devereux

01 Feb 2009

Private information, stock markets, and exchange rates

by Jacob Gyntelberg, Mico Loretan, Tientip Subhanij and Eric Chan

01 Feb 2009

Explaining credit default swap spreads with the equity volatility and jump risks of individual firms

Review of Financial Studies

by Benjamin Zhang, Hao Zhou and Haibin Zhu

29 Jan 2009

Statistics:

Provisional international banking statistics, third quarter 2008

22 Jan 2009

IFC Bulletin:

Proceedings of the IFC Workshop on "Challenges to improve global comparison of securities statistics", Washington DC, March 2008

19 Jan 2009

CGFS Publications:

Capital flows and emerging market economies

16 Jan 2009

Overview - Enhancements to the Basel II Framework, including the capital regime for trading book positions

16 Jan 2009

BCBS Publications:

Proposed enhancements to the Basel II framework

16 Jan 2009

Press releases:

Basel Committee on Banking Supervision announces enhancements to the Basel II capital framework

16 Jan 2009

BCBS Publications:

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

16 Jan 2009

BCBS Publications:

Revisions to the Basel II market risk framework - consultative version

12 Jan 2009

Press releases:

BIS Board elects new Chairman

08 Jan 2009

Press releases:

Steps to strengthen implementation of supervisory standards and guidance taken by the Basel Committee

06 Jan 2009

Press releases:

Principles for sound stress testing: Basel Committee issues consultative paper

06 Jan 2009

BCBS Publications:

Principles for sound stress testing practices and supervision - consultative paper

Also available in:

01 Jan 2009

The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?

International Journal of Finance and Economics, vol 14, pp 1-23

by Gabriele Galati and Philip Wooldridge