The focus of Deputy Governors when they met for their annual meeting at the BIS in January 2008 was on the great expansion of the role of emerging market economies (EMEs) in the international banking and capital markets. The deeper integration of EMEs is seen in the rapid growth in their gross...

This paper reviews analytical work carried out by central banks that participated at the Autumn Meeting of Central Bank Economists on quot;Understanding asset prices: determinants and policy implicationsquot;, which the BIS hosted on 30-31 October 2006. The paper first discusses some general...

These papers were presented at a BIS/Korea University conference of central bankers, scholars and market participants held in Seoul on 21-23 March 2004. They should be read as reflecting market conditions at that time.The views expressed are those of the authors and do not necessarily reflect...

The idea for a seminar on developing corporate bond markets in Asia was first broached in June 2005, when Governor Zhou Xiaochuan of the People's Bank of China (PBC) invited 12 major central banks in Asia and the Pacific to participate in a high-level seminar on financial markets. During the...

This BIS Paper studies the behaviour of financial market volatility since 1970, with special emphasis on the evolution in recent years. Financial market volatility plays an important role in corporate investment decisions and in the willingness and ability of banks to extend credit.This Report...

The papers in this volume were presented and discussed at the Autumn Central Bank Economists' Meeting held at the BIS in Basel on 9-10 October 2003. The purpose of this meeting was to discuss challenges that central banks have faced in the context of monitoring the performance of the financial...

Following a meeting on the estimation of zero-coupon yield curves held at the BIS in June 1996, participating central banks have since been reporting their estimates to the Bank for International Settlements. The BIS Data Bank Services provide access to these data, which consist of either spot...

The papers in this volume were presented at a joint conference on Real Estate Indicators and Financial Stability organised by the International Monetary Fund and the Bank for International Settlements in Washington, D.C., on 27-28 October 2003. The purpose of this conference was to discuss and...