About this issue
The BIS Quarterly Review for September 2011, released today, shows how a weaker outlook for the global economy drove down the prices of risky assets and fuelled concerns about sovereign risk.
The September issue also provides highlights from the latest BIS data on international banking and financial activity.
In addition, it features three articles:
- Trade balance and real exchange rate: movements in real exchange rates have only limited effects on the trade account of some countries.
- Global credit and domestic credit booms: rapidly growing foreign currency and/or cross-border credit could undermine the efforts of authorities to dampen credit growth.
- The rise of sovereign credit risk has increased the vulnerability of banks to funding shocks.
International banking and financial market developments
Special features
The views expressed here do not necessarily reflect the views of the BIS member central banks.