BIS Quarterly Review, December 2011

The BIS Quarterly Review for December 2011 shows how concerns about sovereign risk in the euro area affected financial markets across the globe.

Statistical tables:

• Summary tables (PDF, 21 pages, 498 kb)
• Detailed tables (PDF, 150 pages, 964 kb)

International banking and financial market developments

	Title	Languages
	Euro area sovereign crisis drives global financial markets
	Abstract	EN, DE, ES, FR, IT
	Full text	EN, DE, ES, FR, IT
	Highlights of the BIS international statistics
	Abstract	EN, DE, ES, FR, IT
	Full text	EN, DE, ES, FR, IT

Special features

	Title	Languages
	FX strategies in periods of distress by Jacob Gyntelberg and Andreas Schrimpf
	Abstract	EN, DE, ES, FR, IT
	Full text	EN
	Renminbi internationalisation and China's financial development by Robert N McCauley
	Abstract	EN, DE, ES, FR, IT
	Full text	EN
	Assessing global liquidity by Dietrich Domanski, Ingo Fender and Patrick McGuire
	Abstract	EN, DE, ES, FR, IT
	Full text	EN
	The impact of recent central bank asset purchase programmes by Jack Meaning and Feng Zhu
	Abstract	EN, DE, ES, FR, IT
	Full text	EN
	Enhanced BIS statistics on credit risk transfer by Nicholas Vause
	Abstract	EN, DE, ES, FR, IT
	Full text	EN

Quarterly Review boxes

	Title	Languages
	Simulation of Italian debt service costs	EN
	Measuring the vulnerability of emerging market economies to sudden capital withdrawals through the banking system by Stefan Avdjiev	EN
	Different causes for recent bank downgrades by Nikola Tarashev	EN
	Evaluating the potential impact of deleveraging by euro area banks on emerging market economies by Stefan Avdjiev	EN
	Drivers of carry and currency momentum	EN
	The trifurcated renminbi foreign exchange markets: a transactions perspective	EN
	US and UK asset purchase programmes	EN