BIS Quarterly Review, December 2010

13 December 2010

The BIS Quarterly Review for December 2010 discusses how the focus of market participants has shifted to renewed worries about sovereign risk in the euro area from the global impact of further monetary policy easing in the United States.

Full text
87 pages, 2,143 KB, PDF

Statistical tables:

International banking and financial market developments

Title Languages
  Monetary policy and sovereign debt concerns drive markets  
  Abstract EN, DE, ES, FR, IT
  Full text EN, DE, ES, FR, IT
  Highlights of international banking and financial market activity
by Stefan Avdjiev, Christian Upper and Nicholas Vause
 
  Abstract EN, DE, ES, FR, IT
  Full text EN, DE, ES, FR, IT

Special features

Title Languages
  The $4 trillion question: what explains FX growth since the 2007 survey?
by Michael R King and Dagfinn Rime
 
  Abstract EN, DE, ES, FR, IT
  Full text EN
  Derivatives in emerging markets
by Dubravko Mihaljek and Frank Packer
 
  Abstract EN, DE, ES, FR, IT
  Full text EN
  Counterparty risk and contract volumes in the credit default swap market
by Nicholas Vause
 
  Abstract EN, DE, ES, FR, IT
  Full text EN
  A user's guide to the Triennial Central Bank Survey of foreign exchange market activity
by Michael R King and Carlos Mallo
 
  Abstract EN, DE, ES, FR, IT
  Full text EN

Quarterly boxes

Title Languages
  The "Big Bang" in the CDS market EN
  Negative real yields on US Treasury Inflation-Protected Securities (TIPS) EN, DE, ES, FR, IT
  Why do the BIS data on public sector foreign claims differ from the CEBS data on sovereign exposures? EN, DE, ES, FR, IT
  Measuring counterparty risk exposures in the CDS market EN
  Foreign exchange turnover versus international trade and financial flows EN