Quarterly Review

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BIS Quarterly Review, March 2008

3 March 2008

Full text and statistical tables:

 

Text by chapter:

International banking and financial market developments

1. Overview: markets reprice to reflect risks to growth
  Full text (PDF, 15 pages, 231 kb)
PDFs also available in French, German, Italian, Spanish

2.

Highlights of international banking and financial market activity

  Full text (PDF, 13 pages, 216 kb)
PDFs also available in French, German, Italian, Spanish

 

Special features

    Monetary operations and the financial turmoil
by Claudio Borio and William Nelson
 

 Abstract  (also available in French, German, Italian, Spanish)
 Full text (PDF, 16 pages, 159 kb)

    What drives interbank rates? Evidence from the Libor panel
by François-Louis Michaud and Christian Upper
 

 Abstract  (also available in French, German, Italian, Spanish)
 Full text (PDF, 12 pages, 240 kb)

    Interbank rate fixings during the recent turmoil
by Jacob Gyntelberg and Philip Wooldridge
 

 Abstract  (also available in French, German, Italian, Spanish)
 Full text (PDF, 14 pages, 178 kb)

    The spillover of money market turbulence to FX swap and cross-currency swap markets
by Naohiko Baba, Frank Packer and Teppei Nagano
 

 Abstract  (also available in French, German, Italian, Spanish)
 Full text (PDF, 14 pages, 187 kb)
includes box: The basic mechanics of FX swaps and cross-currency basis swaps

    Credit fundamentals, ratings and value-at-risk: CDOs versus corporate exposures
by Ingo Fender, Nikola Tarashev and Haibin Zhu
 

 Abstract  (also available in French, German, Italian, Spanish)
 Full text (PDF, 15 pages, 111 kb)

Recent initiatives

   

Recent initiatives by the Basel-based committees and groups

    Full text (PDF, 4 pages, 123 kb)