Report

US monetary policy and the financial channel of the exchange rate: evidence from India

Bank of International Settlements
May 28, 2021

The effect of US monetary policy on EMEs is one of the fiercely debated issues in international finance. We contribute to this debate using micro- and macro-level analyses from India over the period 2004-2019. Using a dynamic panel estimation model of non-financial firms, we show that US monetary tightening adversely affects firms' net worth and reduces domestic credit relative to external credit…

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December 16, 2021

Managing banking crises in emerging market economies

FSI Insights No 38, December 2021. The latest FSI Insight looks into the strategies that authorities can employ to meet those challenges and the implications for public backstops....

Bank of International Settlements

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December 10, 2021

Interoperability between payment systems across borders

by Codruta Boar, Stijn Claessens, Anneke Kosse, Ross Leckow and Tara Rice Interoperability among payment systems – as the foundation for enhancing cross-border payments – requires technical, semantic and business system compatibility so that end users can seamlessly transact...

Bank of International Settlements

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report

December 8, 2021

Project Jura – Cross-border settlement using wholesale CBDC

Jura explores the direct transfer of euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are...

Bank of International Settlements

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December 6, 2021

BIS Quarterly Review, December 2021

BIS Quarterly Review for December 2021 -...

Bank of International Settlements

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December 2, 2021

Suptech tools for prudential supervision and their use during the pandemic

FSI Insights No 37, December 2021. This paper discusses financial authorities use of suptech tools for a range of activities, including data analytics for prudential supervision whose use cases have recently grown....

Bank of International Settlements