BIS Quarterly Review, March 2011

14 March 2011

The BIS Quarterly Review for March 2011, discusses how expectations of higher growth in the advanced economies and surging commodity prices pushed up short-term inflation expectations.

Statistical tables:

International banking and financial market developments

Inflation pressures rise with commodity prices
Highlights of the BIS international statistics

Special features

Systemic importance: some simple indicators
Inflation expectations and the great recession
The use of reserve requirements as a policy instrument in Latin America
Foreign exchange trading in emerging currencies: more financial, more offshore

Quarterly Review boxes

Has there been a change in the formation of inflation expectations?
Operating procedures for reserve requirements
What the BIS banking statistics say (and what they do not) about banking systems' exposures to particular countries and sectors
Data and calibration