Bank for International Settlements (BIS)
Macro-prudential policies could ‘become part of the problem’, says BIS’ Borio
Weight of expectation on macro-prudential policies to address financial system stresses may be too great, says BIS economics head Claudio Borio; stress tests ‘woefully deficient’ in predicting crises
BIS paper with New York Fed unveils new measure of underlying inflation
Economists from the Bank for International Settlements and Federal Reserve Bank of New York present a new measure that can be updated on a daily basis
Opinion: Carney’s dismissal of using monetary policy to resist rising asset prices is 'vacuous'
It is vital that politically independent central banks should work within a political vacuum, rather than adjusting their monetary policy reasoning to avoid subsequent political controversy
People: Emefiele to chair key WAMZ committee; BIS appoints chief rep for Americas
Godwin Emefiele elected as chairman of the West African Monetary Zone’s committee of governors; Spanish economist Enrique Alberola Ila takes BIS post; more
Riksbank minutes reveal dispute over IMF and BIS advice
Top Swedish central bankers debate the relevance of IMF and BIS advice for monetary policy to fight financial instability; question value of input from officials that do not set policy themselves
Carney tells parliament BIS report was 'made in a vacuum'; Kohn defends leverage ratio plans
Donald Kohn argues the case for a time-varying leverage ratio at parliamentary hearing; Carney and Bailey question practical application of BIS annual report
Central bankers insist rates are staying put as BIS faces ‘loss of credibility'
Haldane says risk 'migration' could create a more robust financial system; Yellen, Draghi and Cunliffe believe monetary tightening would be the wrong way to turn
Yellen takes sides in ‘lean against the wind' debate
Federal Reserve chair says monetary policy faces ‘significant limitations as a tool to promote financial stability'; macro-prudential policies ‘far more direct' and effective
BIS's Caruana warns low interest rates are ‘self-validating'
Persistent low interest rates can become self-validating, BIS general manager Jaime Caruana warns, in annual speech in which he called for greater international co-ordination
BIS warns central banks to bite the bullet on monetary policy normalisation
BIS annual report says it may already be too late for a gradual exit from unconventional policy; warns markets may pre-empt exit if they feel central banks are behind the curve
Robert Pringle’s Viewpoint: Coping with capital flows
All nations face major challenges dealing with capital flows. In the absence of systemic reform to monetary and exchange rate systems, central banks will need to patch and mend where they can
Exchange rate losing significance in Asian monetary policy, BIS paper argues
Bank for International Settlements working paper argues sterilised intervention in currency markets is becoming less effective as Asia's economies trade more freely with each other
Borio: current account is a ‘badly inadequate' measure of financial risk
BIS director says still not enough attention is paid to capital account but adds build-up of vulnerabilities also requires looking directly at balance sheets of cross-border institutions
‘Shadow policy rate' measures Fed monetary policy stance at ZLB
BIS working paper describes a shadow policy rate constructed from a number of variables reflecting monetary policy actions to divine the Fed's stance at the zero lower bound
Caruana says ‘naïve' to be seduced by simple rules
Financial markets will continue to innovate to get around financial regulations - meaning regulators must also keep innovating, says BIS's Jaime Caruana
BIS figures show cross-border lending on the mend outside the eurozone
Statistics for the final quarter of 2014 show cross-border lending recovering in most of the world, especially China, but continuing to decline in the eurozone
Central banks must grasp opportunity to shrink balance sheets safely
Central bank purchases of government bonds have turned traditional dogma on its head - but dangers lurk in the unwinding, warns Philip Turner
Coen appointed new Basel Committee secretary-general
William Coen takes over Basel Committee secretariat after seven years as deputy; Wayne Byres leaves to head Australia’s prudential regulator
Supply chain integration drives closer price co-movement, BIS paper finds
Headline inflation rates and producer prices move more closely together between Asian economies that trade more with one another, BIS paper shows
Caruana outlines path to recovery from global balance sheet recession
BIS general manager says global economy requires co-ordinated monetary, prudential and fiscal policies in order to recover from the recession caused by financial boom and bust
Zöllner: Asset managers are biggest non-bank FX traders
Head of banking at Bank for International Settlements highlights growing role of non-bank market participants in FX
Forex interventions can lead to banking credit boom, paper finds
BIS paper shows that central bank intervention in forex markets can end up fuelling an expansion in credit to the private sector in emerging markets
BIS economists give forward guidance mixed review
Research in quarterly review says forward guidance has shaped market expectations but warns it could ‘encourage excessive risk-taking’ in the markets
Fed not to blame for recent emerging market sell-off, says BIS
Recent rush of capital out of emerging markets was due to country-specific factors, not tapering by the Fed; Borio reiterates call for better policies, lamenting a ‘disappointing element of déjà vu’