About this issue
Markets have been roiled since the start of the year by concerns about growth in China and other emerging market economies, and about the health of large global banks.
"The tension between the markets' tranquillity and the underlying economic vulnerabilities had to be resolved at some point. In the recent quarter, we may have been witnessing the beginning of its resolution," said Claudio Borio, Head of the Monetary and Economic Department.
International banking and financial market developments
Special features
The views expressed here do not necessarily reflect the views of the BIS member central banks.