Bank for International Settlements (BIS)

Central banks and the challenge of development

The BIS has published papers presented at a special meeting of central bank governors held in Basel, 14-15 March 2006. For the first time in more than 30 years, there has been a marked revival of growth in much of Africa, and inflation has been brought…

Comment: Eastern European tightrope

Amidst renewed inflation fears in the developed world and the prospects of further interest rate hikes there, a number of central banks in Eastern Europe and the Baltics will be silently grateful for a little bit of latitude. But with question marks…

BIS Quarterly Review, June 2006

The Bank for International Settlements published its June 2006 Quarterly Review on Monday 12 June. The report said concern about the pace of recent share market gains has prompted investors to shift away from risky assets and to switch to highly rated…

BIS's Knight on long-term interest rates

In the speech 'Why have long-term interest rates been so low? Is the global interest rate cycle beginning to turn?' given on 12 May Malcolm Knight of the BIS discusses the surprising decline in real long-term interest rates that has taken place in…

BIS paper on dynamic prudential regulation

The BIS Working Paper "Dynamic prudential regulation: Is prompt corrective action optimal?" investigates whether reliance on book-value capital is a good policy choice and if PCA is an optimal regulatory approach.

Joint external debt website launched

The Bank for International Settlements, the International Monetary Fund, the Organization for Economic Co-operation and Development and the World Bank announced on Thursday 30 March that they are jointly launching a new website.

Hannoun: Internationalisation of financial service

In the speech 'Internationalisation of financial services: implications and challenges for central banks' given on 4 March (published 13 March) Herve Hannoun of the BIS said there is a dual challenge for central banks in the context of financial…

Trichet praises BoJ's communication

The Bank of Japan's communication with financial markets was "very, very good," European Central Bank President Jean-Claude Trichet said Monday 13 March. He also said independence was of "extreme importance" for the National Bank of Poland.

The evolving inflation process: an overview

This BIS Working Paper reviews analytical work carried out by central banks that participated in the Autumn Meeting of Central Bank Economists on "The evolving inflation process" which the BIS hosted on 28-29 October 2005.

Past and future of central bank cooperation

The BIS on Tuesday published papers from its fourth Annual Conference on Past and Future of Central Bank Cooperation, held as part of the Bank's 75th anniversary celebrations, on 27-29 June 2005.

BIS Quarterly Review, March 2006

The Bank for International Settlements published its March 2006 Quarterly Review on Monday. A surge higher in the value of emerging market assets can be attributed to more than simply better economic fundamentals, the report said.

Comment: BIS looks east

The Bank for International Settlements (BIS) on Monday announced its intention to "deepen its relationship" with Asian central banks. The most interesting and challenging aspect of the initiative is the proposed "extension of banking services in the…

Developing corporate bond markets in Asia

Thirty participants including high-level officials from central banks in Asia and the Pacific, the European Central Bank and the BIS took part in the BIS/PBC seminar held in Kunming, China on 17-18 November 2005.

Comment: Are mortgage markets too complex?

A report published this week by the Bank for International Settlements (BIS) suggests that households may no longer "completely understand their mortgage contracts". Not surprisingly, the authors contend that recent changes in housing finance systems…

BIS to host Irving Fisher Committee

The Bank for International Settlements (BIS) announced on Tuesday10 January that it has agreed to provide the Secretariat for the Irving Fisher Committee on Central Bank Statistics with immediate effect.

IMF's Rato calls for 'market value' yuan

International Monetary Fund Managing Director Rodrigo Rato on Sunday 8 January said China should take full advantage of its decision last year to introduce more flexibility to its currency regime.

Jean-Pierre Roth to chair BIS Board

The Board of Directors of the Bank for International Settlements (BIS) on Monday 9 January elected as its new Chairman Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank.

BIS's Knight on developing corporate bond markets

In the speech 'Sharing experiences in developing corporate bond markets' given on 17 November Malcolm Knight of the BIS argues that a robust financial system requires a diversity of financing channels, in which banks and fixed income markets compete in…