News archive - 2008

19 August 2008

BIS Review - Speeches and articles by senior central bankers:

Zeti Akhtar Aziz: Basel II implementation and the development of Asia's financial system – experiences, challenges and regional cooperation;

L Wilson Kamit: Central bank independence – the first seven years;

Ewart S Williams: The impact of global events on the Caribbean economies;

Ajith Nivard Cabraal: Foreign exchange reserve management;

Denny H Kalyalya: Financial access and sustainability of financial services in Zambia

14 August 2008

BIS Review - Speeches and articles by senior central bankers:

Tarisa Watanagase: Searching for a second wind - overcoming short-term obstacles for long-term prosperity;

Linah K Mohohlo: Monetary policy framework and objectives in Botswana;

Ferenc Karvalits: Challenges of monetary policy – a global perspective and the Hungarian situation;

Ric Battellino: Inquiry into competition in the banking and non-banking sectors;

Bandid Nijathaworn: The pursuit of monetary and financial stability in emerging market economies

31 July 2008Joint Forum publication and press release:

Credit Risk Transfer Developments from 2005 to 2007
23 July 2008Provisional international banking statistics at end-March 2008
22 July 2008Basel Committee publications and press release:

Guidelines for Computing Capital for Incremental Risk in the Trading Book and Proposed revisions to the Basel II market risk framework
17 July 2008BIS Papers:

Financial system and macroeconomic resilience
17 July 2008Working Papers:

Innovations in credit risk transfer: implications for financial stability

Liquidity and financial cycles

Financial system: shock absorber or amplifier?
17 July 2008Basel Committee publication:

Due diligence and transparency regarding cover payment messages related to cross-border wire transfers
09 July 2008BIS speeches:

Hervé Hannoun: The 10th anniversary of the BIS Representative Office for Asia and the Pacific
08 July 2008BIS speeches:

William R White: International governance for the prevention and management of financial crises
04 July 2008CGFS publications and press release

Private equity and leveraged finance markets

Central bank operations in response to the financial turmoil

Ratings in structured finance: what went wrong and what can be done to address shortcomings?
30 June 2008Press release:

BIS General Manager to be on leave from 1 July 2008

30 June 2008BIS speeches:

Malcolm D Knight: General Manager's speech at the Annual General Meeting
30 June 200878th Annual Report 2007/2008
30 June 2008Annual General Meeting
29 June 2008Per Jacobsson Foundation Lecture, 2008:

The Approach to Macroeconomic Management: How it Has Evolved
23 June 2008BIS speeches:

Malcolm D Knight: Financial deleveraging, inflation and risks to global growth
20 June 2008Irving Fisher Committee Working Papers:

A macro-micro approach to compiling statistics
20 June 2008Press release:

BIS General Manager to step down

19 June 2008Working Papers:

Implementing monetary policy in the 2000s: operating procedures in Asia and beyond

Speculative attacks, Private Signals and Intertemporal Trade-offs
17 June 2008

BIS Review - Speeches and articles by senior central bankers:

Glenn Stevens: Economic conditions;

Caleb M Fundanga: Growing investor confidence in Zambia's economy;

Lucas Papademos: Economic outlook in the euro area;

Irma Rosenberg: The monetary policy decision-making process;

Lorenzo Bini Smaghi: Supervision and central banking – improving the exchange of information;

Paul Tucker: A protracted "peacetime"

17 June 2008Basel Committee publication and press release:

Principles for Sound Liquidity Risk Management and Supervision
12 June 2008Basel Committee publication:

Fair value measurement and modelling: An assessment of challenges and lessons learned from the market stress
09 June 2008Working Papers:

The evolution of trading activity in Asian foreign exchange markets
09 June 2008Publication and press release:

BIS Quarterly Review June 2008 – International banking and financial market developments

In this issue: 1) International banking activity amidst the turmoil,   2) Managing international reserves: how does diversification affect financial costs?,   3) Credit derivatives and structured credit: the nascent markets of Asia and the Pacific,   4) Asian banks and the international interbank market
04 June 2008CPSS publication and press release:

The interdependencies of payment and settlement systems
03 June 2008International Journal of Central Banking (IJCB), June 2008

In this issue:

1) Inflation Forecasts and the New Keynesian Phillips Curve,   2) Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-Country Heterogeneity,   3) Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate,   4) Specification and Calibration Errors in Measures of Portfolio Credit Risk: The Case of the ASRF Model,   5) The Impact of Central Bank Announcements on Asset Prices in Real Time,   6) The Danger of Inflating Expectations of Macroeconomic Stability: Heuristic Switching in an Overlapping-Generations Monetary Model
02 June 2008BIS speeches:

Malcolm D Knight: Securitisation: was the tail wagging the dog?
23 May 2008BIS speeches:

Hervé Hannoun: Policy lessons from the recent financial market turmoil
22 May 2008BIS Papers:

FX reserve management: trends and challenges
22 May 2008Publication and press release:

The global OTC derivatives market at end-December 2007
20 May 2008BIS speeches:

Malcolm D Knight: The euro as a catalyst for global financial market deepening
13 May 2008CPSS publication and press release:

Progress in reducing foreign exchange settlement risk
05 May 2008Press release:

BIS establishes Consultative Council for the Americas

02 May 2008BIS speeches:

Malcolm D Knight: Weaknesses revealed by the market turmoil: where do we go from here?
30 April 2008Joint Forum publication and press release:

Customer suitability in the retail sale of financial products and services
30 April 2008Provisional international banking statistics at end-December 2007
25 April 2008Joint Forum publication and press release:

Cross-sectoral review of group-wide identification and management of risk concentrations
23 April 2008Markets Committee publication:

Monetary policy frameworks and central bank market operations

23 April 2008BIS speeches:

Malcolm D Knight: Some reflections on the future of the originate-to-distribute model in the context of the current financial turmoil
18 April 2008Working Papers:

The financial turmoil of 2007-?: a preliminary assessment and some policy considerations
16 April 2008Press release:

Basel Committee on Banking Supervision announces steps to strengthen the resilience of the banking system

12 April 2008Press release:

Financial Stability Forum recommends actions to enhance market and institutional resilience

09 April 2008BIS Papers:

Financial market developments and their implications for monetary policy
07 April 2008Publication:

Financial market developments in Africa: new challenges for central banks?
03 April 2008BIS speeches:

Hervé Hannoun: Financial deepening without financial excesses
01 April 2008Joint Forum publication and press release:

Credit risk transfer - developments from 2005 to 2007
29 March 2008Press release:

Financial Stability Forum meets in Rome

26 March 2008BIS speeches:

William R White: Past financial crises, the current financial turmoil, and the need for a new macrofinancial stability framework
25 March 2008Working Papers:

Globalisation and the determinants of domestic inflation
17 March 2008CPSS publication: Statistics on payment and settlement systems in selected countries - Figures for 2006
14 March 2008BIS Papers:

FX reserve management: elements of a framework
10 March 2008Press release:

Stephen G Cecchetti appointed Economic Adviser, Head of Monetary and Economic Department
06 March 2008International Journal of Central Banking (IJCB), March 2008

In this issue:

1) An Empirical Evaluation of Structural Credit-Risk Models,   2) Inflation Targets as Focal Points,   3) Transaction Pricing and the Adoption of Electronic Payments: A Cross-Country Comparison,   4) Using Securities Market Information for Bank Supervisory Monitoring ,   5) Capital Regulation and Banks' Financial Decisions,   6) Preference Heterogeneity in Monetary Policy Committees
03 March 2008Working Papers:

What drives the current account in commodity exporting countries? The cases of Chile and New Zealand

Tips from TIPS: the informational content of Treasury Inflation-Protected Security prices

Frequency of observation and the estimation of integrated volatiliy in deep and liquid financial markets
29 February 2008BIS speeches:

Malcolm D Knight: Now you see it, now you don’t; the nature of risk and the current financial turmoil
28 February 2008BIS Papers:

Monetary policy decisions: preparing the inputs and communicating the outcomes
26 February 2008BIS Papers:

New financing trends in Latin America: a bumpy road towards stability
21 February 2008Press release:

Liquidity risk: management and supervisory challenges
12 February 2008Working Papers:

Central bank policy rate guidance and financial market functioning
09 February 2008FSF interim report to G7 ministers and governors on financial system resilience

05 February 2008BIS Papers:

Transmission mechanisms for monetary policy in emerging market economies
04 February 2008Working Papers:

Understanding Asian equity flows, market returns and exchange rates

Global monitoring with the BIS international banking statistics

Asset prices and monetary policy: booms and fat tails in East Asia
01 February 2008BIS speeches:

Malcolm D Knight: Transparency and communication in monetary policy
31 January 2008Provisional international banking statistics at end-September 2007
25 January 2008Irving Fisher Committee Working Papers:

Cooperation between Central Banks and National Statistical Institutes: the cases of Australia, Canada, and the Netherlands
22 January 2008Press release:

Financial Stability Forum Chairman welcomes hedge fund manager initiative on best practice standards
16 January 2008Working Papers:

What can (macro-)prudential policy do to support monetary policy?
07 January 2008Working Papers:

Housing finance agencies in Asia