Central Bank participants at the BIS 2008 Open Economies Meeting in Punta del Este, Uruguay, discussed trends in capital flows since 2003 and their monetary and financial stability implications. Capital flows appear to be more benign today than in the past, partly because of a greater share of...

This paper focuses on the interactions between public debt policy and foreign exchange reserve management. We found that, although foreign currency debt issuance can contribute significantly to the growth of foreign exchange reserves, it can cause serious difficulties in the assessment of...

A research conference on “The price, real and financial effects of exchange rates” was co-hosted in Hong Kong, on 28–29 August 2017, by the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS). This conference was the culmination of the BIS Asian Office's...

The Hong Kong Monetary Authority and the Bank for International Settlements (BIS) co-hosted a research conference on "The price, real and financial effects of exchange rates" on 28-29 August 2017 in Hong Kong. The event was the wrap-up conference of a research programme of the BIS Representative...

On 2 and 3 December 2004, the BIS hosted a meeting of Deputy Governors of central banks from major emerging market economies to discuss foreign exchange market intervention. Some flavour of the discussion can be gleaned from the following central bank papers, along with papers prepared by BIS...