Research and analysis using the BIS debt securities statistics

Research and analysis using the BIS debt securities statistics

Publications featured on this page have been selected for their particular relevance to the BIS debt securities statistics. They include working papers and articles from BIS Quarterly Reviews.

Overcoming original sin: insights from a new dataset
21 February 2023 / BIS Working Papers No 1075

This paper introduces a new dataset on emerging market sovereign bonds, distinguishing between the currency of denomination and the residence of investors.

Enhancing the BIS government bond statistics
7 June 2021 / BIS Quarterly Review

The BIS publishes a new data set on government bonds issued by central and general governments, to track the evolution of bonds outstanding in domestic and foreign currencies

Selected publications

Feb 2023	Overcoming original sin: insights from a new dataset This paper introduces a new dataset on emerging market sovereign bonds, distinguishing between the currency of denomination and the residence of investors
Jun 2021	Corporate debt: post-GFC through the pandemic Studies how non-financial corporate debt securities evolved from the Great Financial Crisis through Covid-19, including the role of offshore affiliates and global financial conditions
Jun 2021	Enhancing the BIS government bond statistics The BIS publishes a new data set on government bonds issued by central and general governments, to track the evolution of bonds outstanding in domestic and foreign currencies
Sep 2017	Recent trends in EME government debt volume and composition Reviews the doubling in outstanding government debt of emerging market economies since 2007
Jun 2017	The shifting drivers of global liquidity Examines international debt securities issuance as the second main component of global liquidity together with international bank lending
Apr 2017	External debt composition and domestic credit cycles Assesses the role of external debt in shaping the dynamics of domestic credit
Sep 2016	Domestic financial markets and offshore bond financing Explores the reasons behind debt securities issuance by emerging economies in offshore centres
Dec 2015	Dollar credit to emerging market economies Profiles the US dollar debt incurred by borrowers in emerging market economies and measures the dollar borrowing of non-bank residents
Apr 2015	BIS debt securities statistics: a comparison of nationality data with external debt statistics Examines the extent to which IDS on a nationality basis are incorporated within components of external debt
Dec 2014	International bond issuance, cross-currency swaps and capital flows Reviews tendency of EME companies to issue a US dollar-denominated bond on international markets and to swap the proceeds without repatriation
Sep 2014	Recent changes in global credit intermediation and potential risks Analyses the shift of global credit intermediation from banks to debt securities markets
Mar 2014	Cross-border investments in global debt markets since the crisis Investigates cross-border holdings in global debt securities markets
Sep 2013	Emerging market debt securities issuance in offshore centres Examines why corporations from emerging market economies have increasingly turned to offshore financial centres to issue debt securities
Dec 2012	Enhancements to the BIS debt securities statistics Explains how the BIS has revised its debt securities statistics to enhance their comparability across different markets
Jun 2007	Financial stability and local currency bond markets Reviews the development of local currency bond markets and analyses aspects that could give rise to financial stability issues