About this issue
This BIS Quarterly Review is divided into two parts. The first presents an overview of recent developments in financial markets, before turning in more detail to highlights from the latest BIS data on international banking and financial market activity. The second part presents five special feature articles: one on interpreting sovereign spreads; another on exchange rates and global volatility; a third on financial investors and commodity markets; a fourth on economic derivatives; and a fifth on measuring portfolio credit risk.
International banking and financial market developments
Special features
Recent initiatives
The views expressed here do not necessarily reflect the views of the BIS member central banks.