Template-Type: ReDIF-Article 1.0
Author-Name: Stefan Avdjiev
Author-Name: Patrick McGuire
Author-Name: Goetz von Peter
Title: International finance through the lens of BIS statistics: derivatives markets
Abstract: Financial derivatives are a linchpin of the global financial system, enabling market participants to hedge exposures, engage in speculative strategies and arbitrage across markets. This article reviews how the BIS derivatives statistics can be used to examine the size and structure of derivatives markets for different risk categories. Through the lens of these statistics, the article sheds light on key transformations in derivatives markets, including the transition to risk-free rates in interest rate derivatives and the growing use of foreign exchange derivatives to facilitate global portfolio flows. These developments underscore the evolving data needs of policymakers and analysts to track emerging vulnerabilities.
Journal: BIS Quarterly Review
File-URL: https://www.bis.org/publ/qtrpdf/r_qt2512d.pdf
File-Format: Application/pdf
File-URL: https://www.bis.org/publ/qtrpdf/r_qt2512d.htm
File-Format: text/html
Year: 2025
Month: December
Classification-JEL: F31, G13, G15, G21
Handle: RePEc:bis:bisqtr:2512d