Other publications - 1997 to 2002

Date Titles
Sep 2002

Report of the G-10 Working Group on Contractual Clauses

It is widely recognised that an important factor complicating the rapid and orderly resolution of sovereign debt crises is the collective action problem, whereby the incentives for individual creditors diverge from those of creditors as a whole. This problem has become more acute as bond finance has accounted for an increasing share of sovereign borrowing, leading to growing interest in mechanisms to facilitate faster and more orderly debt restructuring. In that context, the G10 Ministers and Governors have approved the public release of a report prepared by a working group operating under their auspices. The report sets out the key features of collective action clauses for sovereign bonds that the G10 Ministers and Governors believe would, if widely adopted, make ...

Jan 2001

Group of Ten - Consolidation in the Financial Sector

The ongoing consolidation of financial institutions is one of the most notable contemporary features of the financial landscape both within and across many industrial countries. In recognition of this fact, and its potential implications for public policy in a variety of areas, in September 1999 Finance Ministers and central bank Governors of the Group of Ten asked their Deputies to conduct a study of financial consolidation and its potential effects. This Report presents the results of that study.

Jul 2000

Guide to the international banking statistics

This Guide to the international banking statistics is intended to serve two main purposes: firstly, to provide reporting countries with definitions and guidelines for the reporting of data; secondly, to give a detailed account of current country practices regarding the coverage and disaggregation of the reported data. The Guide describes two statistical systems, the locational banking statistics and the consolidated banking statistics. It replaces the previous issue (May 1995) and includes numerous changes, updates and clarifications both to the guidelines themselves and to the tables on countries' reporting practices. The main changes to the guidelines have been the inclusion of a reporting requirement for data on an ultimate risk basis and the move to a quarterly reporting frequency in the consolidated banking statistics.

Sep 1999

Reports on the International Financial Architecture - Synopsis of comments received on the reports

In response to the international financial crisis that began in Asia and subsequently spread to other continents, finance ministers and central bank governors from a number of systemically significant economies commissioned three reports on strengthening the international financial architecture. The first report focused on enhancing transparency and accountability, the second on strengthening financial systems, and the third on managing international financial crises. The reports were published in October 1998, and interested parties in the private and official sectors were invited to provide comments. Written comments were received from a number of interested parties, including non-governmental organisations, public ...

Oct 1998

Asset Prices and Monetary Policy: Four Views

The widespread liberalisation of financial markets in the 1980s has increased the interest of central banks in asset price developments in two ways. First, as the use of intermediate targets has become unreliable in many countries, central banks have sought other indicators to guide policy actions. A natural place to look has been various asset markets. Second, the greater role of asset prices in the monetary transmission mechanism, combined with their sustained volatility, has led to an increased concern that large changes in asset prices might disrupt economic activity and price stability as well as lead to financial fragility. This volume collects the views of several prominent scholars and central bankers on whether and how asset price developments can be incorporated in the design of monetary policy. Related questions are: what asset price ...

Oct 1998

Reports on the International Financial Architecture - Reports of working groups

In response to the crisis in Asia, Finance Ministers and Central Bank Governors from a number of systemically significant economies met in Washington, D.C. in April 1998 to examine issues related to the stability of the international financial system and the effective functioning of global capital markets. In their discussions, Ministers and Governors stressed the importance of strengthening the international financial system through action in three key areas: enhancing transparency and accountability; strengthening domestic financial systems; and managing international financial crises. Three working groups were formed to contribute to the international dialogue on how to proceed in these key areas. A strength of these working groups was the ...

Sep 1998

Information held in the BIS Historical Archive on gold looted by Nazi Germany during World War II

At the London Conference on Nazi Gold, organised by the UK Foreign & Commonwealth Office on 2nd-4th December 1997, it was decided to compile an International Guide to archival sources on Nazi gold and related issues. At a planning seminar for the Washington Conference on Holocaust Era Assets, held in Washington on 29th June 1998, the proposal was adopted that each contribution to the International Guide should be published electronically on national or institutional Web sites. In conformity with this proposal, the Bank for International Settlements has prepared the present finding aid to sources in the BIS Historical Archive on the Bank's wartime activities in general and on the Nazi gold issue in particular.

Apr 1998

Group of Ten - The macroeconomic and financial implications of ageing populations

In response to an initiative at the Denver Summit in June 1997, representatives from the central banks and the ministries of finance of the Group of Ten countries have carried out an assessment of the macroeconomic and financial implications of ageing populations. The initiative was prompted by the recognition that the prospective increase in the share of the elderly in the population could have significant repercussions for economies and financial markets across the world. The purpose of this work is to distil the principal conclusions from the extensive factual and analytical material provided by national authorities and international organisations such as the OECD and the IMF. The major conclusions of this study are the following: ...