BIS Quarterly Review, March 2006

6 March 2006

Full text and statistical tables:

Text by chapter:

International banking and financial market developments

1. Overview: emerging markets soar to historical highs
2. The international banking market
3. The international debt securities market
4. Derivatives markets

Special features

The new BIS effective exchange rate indices
Prime or not so prime? An exploration of US housing finance in the new century
Basket weaving: the euromarket experience with basket currency bonds
Risk premia across asset markets: information from option prices
Recent initiatives by Basel-based committees and the Financial Stability Forum