BIS Quarterly Review, 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.

Statistical tables:

• Summary tables (PDF, 22 pages, 206 kb)
• Detailed tables (PDF, 140 pages, 925 kb)

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
	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 Review boxes

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