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.

Statistical tables:

International banking and financial market developments

Monetary policy and sovereign debt concerns drive markets
Highlights of international banking and financial market activity

Special features

The $4 trillion question: what explains FX growth since the 2007 survey?
Derivatives in emerging markets
Counterparty risk and contract volumes in the credit default swap market
A user's guide to the Triennial Central Bank Survey of foreign exchange market activity

Quarterly Review boxes

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