News archive - 2008

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?
03 July 2008

BIS Review - Speeches and articles by senior central bankers:

Mark Carney: Flexibility versus credibility in inflation-targeting frameworks;

Y V Reddy: The virtues and vices of talking about monetary policy – some comments;

Martin Redrado: Latin America and Argentina – the effect of international financial turmoil;

Shamshad Akhtar: Financial sector – ten-year vision and strategy;

Lucas Papademos: Financial market excesses and corrections - a central banker's perspective

01 July 2008

BIS Review - Speeches and articles by senior central bankers:

Nout Wellink: The role of financial imbalances in the setting of monetary policy – lessons from the current crisis;

Jean-Claude Trichet: Hearing at the Economic and Monetary Affairs Committee of the European Parliament;

Radovan Jelasic: Future of the capital market in the Balkans;

Sheryl Kennedy: Real estate, mortgage markets, and monetary policy;

Lorenzo Bini Smaghi: EMU@10 – the first ten years of Economic and Monetary Union and future challenges

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
27 June 2008

BIS Review - Speeches and articles by senior central bankers:

Christian Noyer: France's banking industry in 2007 – key trends;

Axel A Weber: Financial markets and monetary policy;

Durmus Yilmaz: Global challenges and local response – monetary policy in Turkey;

Martìn Redrado: Fiscal space for stability, growth and social inclusion;

Donald L Kohn: Global economic integration and decoupling

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