Home Research & publications 06 March 2017 BIS Quarterly Review, March 2017 PDF (140 Pages) International banking and financial market developments Publication 6 Mar 2017 Beyond swings in risk appetite Many asset prices have traded sideways since the release of the previous BIS Quarterly Review in early December, while investors waited for clues on a number of sources of uncertainty. Read More On this page International banking and financial market developments Special features Publication 6 Mar 2017 Highlights of global financial flows The BIS, in cooperation with central banks and monetary authorities worldwide, compiles and disseminates data on activity in international financial markets. Read More Special features Publication 6 Mar 2017 Consumption-led expansions GDP growth has increasingly been led by consumption. However, consumption-led expansions tend to be significantly weaker than when growth is driven by other components of aggregate demand, often because of the build-up of imbalances. By Enisse Kharroubi and Emanuel Kohlscheen Read More Publication 6 Mar 2017 The new era of expected credit loss provisioning Following the Great Financial Crisis, accounting standard setters have required banks and other companies to provision against loans based on expected credit losses. By Benjamin H Cohen and Gerald A Edwards, Jr Read More Publication 6 Mar 2017 The quest for speed in payments This feature looks at technology in payment systems. It compares the diffusion of real-time gross settlement (RTGS) systems for wholesale payments with that of faster systems for retail payments (fast payments). By Morten Linnemann Bech , Yuuki Shimizu and Paul Wong Read More Publication 6 Mar 2017 The bond benchmark continues to tip to swaps By the 1990s, basis risk had caused bond markets, like money markets before them, to start shifting from the use of government rates as benchmarks to the use of private ones. By Lawrence L Kreicher , Robert N McCauley and Philip Wooldridge Read More Related information March 2017 BIS Quarterly Review: Beyond swings in risk appetite BIS Statistical Bulletin, March 2017 BIS statistics: charts Data behind the graphs You might also be interested in All issues of the Quarterly Review BIS Annual Report BIS Annual Economic Report