About the conference
On 15 December 2023, the BIS hosted the fifth workshop on research on global financial stability. The workshop brought together central bankers, analysts and academics interested in research on global financial stability. It focused on empirical work related to international banking and financial markets, with special emphasis on analyses that make use of the international banking, derivatives and debt securities statistics (links to data below) compiled by the BIS under the auspices of the Committee on the Global Financial System. The workshop is intended to promote the use of these statistics in the academic and policymaking communities.
Conference materials
| Welcoming remarks |
|---|
| Claudio Borio, Head of Monetary and Economic Department (BIS) |
| Session 1: Exchange rates and international finance | |
|---|---|
| Chair: Iñaki Aldasoro (BIS) | |
The global network of financial intermediation and exchange rates | by Saleem Bahaj (UCL, BoE), Pasquale Della Corte (Imperial College London, CEPR), Daniele Massacci (King's College London, University of Naples Federico II), Eduard Seyde (Imperial College London) Discussant: Kathryn Dominguez (University of Michigan) (discussion) |
| by Balduin Bippus (University of Cambridge), Simon Lloyd (Bank of England), Daniel Ostry (Bank of England) Discussant: Paula Beltran (IMF) (discussion) | |
| Session 2: Emerging markets and corporate borrowing | |
|---|---|
| Chair: Bryan Hardy (BIS) | |
Central banks as dollar lenders of last resort: implications for regulation and reserve holdings | by Mitali Das (IMF), Gita Gopinath (IMF), Taehoon Kim (IMF), Jeremy Stein (Harvard University and NBER) Discussant: Tim Schmidt-Eisenlohr (Federal Reserve Board) (discussion) |
The rise of regional financial cycle and domestic credit markets in Asia | by Chiara Banti (University of Essex), Udichibarna Bose (University of Essex) Discussant: Robert McCauley (Boston University) |
| Keynote address | |
|---|---|
| Global banks and fossil fuel firms | Steven Ongena (University of Zurich) |
| Session 3: Capital flows: climate, trade and taxes | |
|---|---|
| Chair: Sonya Zhu (BIS) | |
| by Marius Fourné (Institut für Wirtschaftsforschung Halle (IWH)), Xiang Li (IWH) Discussant: Galina Hale (UC Santa Cruz) (discussion) | |
Automatic for the (tax) people: information sharing and cross-border investment in tax havens | by Agustin Benetrix (Trinity College), Lorenz Emter (ECB, Central Bank of Ireland), Martin Schmitz (ECB) Discussant: Philip Wooldridge (BIS) (discussion) |
| by Allen Berger, Freddy Pinzón-Puerto (University of Chicago), Peter Karlström (CEMLA), Matias Ossandon Busch (CEMLA, IWH) Discussant: Valentina Bruno (American University) (discussion) | |
| Closing remarks |
|---|
| Patrick McGuire and Linda Goldberg, Co-chairs of the organising committee |
Co-chairs
- Linda Goldberg (FRB New York)
- Patrick McGuire (BIS)
Local organisers
- Marjorie Santos (BIS)
- Goetz von Peter (BIS)
Programme Committee
- Iñaki Aldasoro (BIS)
- Stefan Avdjiev (BIS)
- Valentina Bruno (American University)
- Cathérine Casanova (Swiss National Bank)
- Galina Hale (UC Santa Cruz)
- Bryan Hardy (BIS)
- Dennis Reinhardt (Bank of England)
- Tim Schmidt-Eisenlohr (Federal Reserve Board)
- Sonya Zhu (BIS)
BIS international banking and financial statistics are publicly available under the following links:
- International banking statistics (LBS and CBS)
- OTC derivatives statistics (OTC)
- Triennial Central Bank Survey on FX and OTC derivatives markets (TRI)
- International debt securities (IDS)
- Global liquidity indicators (GLI)
The data are accessible for bulk download on the indicated links above (use the "Export" function under the "Data" tab). Member central banks have broader access to restricted data through DBSonline.
For queries about the workshop, or when experiencing difficulties in accessing BIS data, please contact cgfs.ibfsws@bis.org.
A selection of BIS publications using the international financial statistics is available here.