report October 14, 2021 Technological capacity and firms' recovery from Covid-19 by Sebastian Doerr, Magdalena Erdem, Guido Franco, Leonardo Gambacorta and Anamaria IllesBased on a large sample of firms in 17 countries, this paper shows that businesses headquartered in countries with better digital capabilities - as measured by their position... Bank of International Settlements
report October 13, 2021 Cross-border crisis simulation exercise in South America This report sets out general findings and recommendations on a range of topics, including crisis management tools; recovery and resolution planning; liquidity and resolution funding; domestic decision-making procedures; and cross-border cooperation and information-sharing.... Bank of International Settlements
report October 8, 2021 A taxonomy of sustainable finance taxonomies Sustainable finance taxonomies can play an important role in scaling up sustainable finance and, in turn, in supporting the achievement of high-level goals such as the Paris Accord and the UN sustainable development goals. This paper develops a framework... Bank of International Settlements
report September 30, 2021 Macroeconomic policy under a managed float: a simple integrated framework by Pierre-Richard Agénor and Luiz Awazu Pereira da SilvaThis paper presents a simple integrated macroeconomic model of a small, bank-dependent open economy with a managed float and financial frictions.... Bank of International Settlements
report September 30, 2021 Central bank digital currencies – executive summary A group of seven central banks (Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank and Swiss National Bank), together with the Bank for International Settlements, are working together to explore central... Bank of International Settlements
report September 29, 2021 Big tech regulation: what is going on? FSI Insights No 36, September 2021. This paper reviews various regulatory initiatives developed in China, the European Union and the United States to address new challenges presented by big techs.. It offers a typology of regulatory actions and focusses... Bank of International Settlements
report September 29, 2021 Enabling open finance through APIs: report on payment initiation Report by the Consultative Group on Innovation and the Digital Economy (CGIDE) established at the BIS Representative Office for the Americas.... Bank of International Settlements
report September 20, 2021 BIS Quarterly Review, September 2021 BIS Quarterly Review for September 2021 - Risky asset and sovereign bond markets seemed to send mixed signals during the period under review.... Bank of International Settlements
report September 16, 2021 Vaccinating insurers against pandemics – a review of capital requirements for pandemic risk FSI Briefs No 15, September 2021. The Covid-19 pandemic crisis provides an opportunity to review existing regulatory requirements and to sharpen them so that they remain appropriate for future pandemics. This is despite insurers, in general, not facing significant... Bank of International Settlements
report September 9, 2021 The Fed takes on corporate credit risk: an analysis of the efficacy of the SMCCF by Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon ZakrajšekWe evaluate the efficacy of the Secondary Market Corporate Credit Facility (SMCCF), a program designed to stabilize the U.S. corporate bond market during the Covid-19 pandemic. The Fed announced... Bank of International Settlements
report September 6, 2021 Seven decades of international banking Special Feature of the BIS Quarterly Review, September 2021 - xxxxxxxxxxxxxxxxxxxxx Debt securities markets have grown globally. Exploring the BIS international debt securities statistics, we find that the offshore affiliates of non-financial corporates (NFCs) have played an important role... Bank of International Settlements
report August 26, 2021 Step-in risk – Executive Summary Step-in risk - FSI Executive Summary... Bank of International Settlements
report August 25, 2021 Global lending conditions and international coordination of financial regulation policies by Enisse KharroubiUsing a model of strategic interactions between two countries, I investigate the gains to international coordination of financial regulation policies, and how these gains depend on global lending conditions. When global lending conditions are determined non-cooperatively, I... Bank of International Settlements
report August 18, 2021 Could corporate credit losses turn out higher than expected? * In a recent survey, US households say they are more likely to trust traditional financial institutions than government agencies or fintechs to safeguard their personal data. They have far less trust in big techs. * This pattern differs... Bank of International Settlements
report August 17, 2021 Private equity buyouts and firm exports: evidence from UK firms This paper examines the impact of private equity buyouts on the export activity of target firms. We exploit data on UK firms over the 2004-2017 period, and use difference-in-differences estimations on matched target versus non-target firms.... Bank of International Settlements
report August 12, 2021 Is window dressing by banks systemically important? We study banks' year-end window dressing in the European Union to assess how it affects the identification of global systemically important banks (G-SIBs) and the associated capital surcharges.... Bank of International Settlements
report August 11, 2021 Macroeconomic effects of Covid-19: a mid-term review This article provides an interim assessment of the macroeconomic consequences of the Covid-19 pandemic. Estimates suggest a median output loss of about 6.5% in 2020, a gap that is expected to narrow to around 4% of the pre-pandemic trend... Bank of International Settlements
report August 10, 2021 Sharing asymmetric tail risk: smoothing, asset pricing and terms of trade Crises and tail events have asymmetric effects across borders, raising the value of arrangements improving insurance of macroeconomic risk. Using a two-country DSGE model, we provide an analytical and quantitative analysis of the channels through which countries gain from... Bank of International Settlements
report August 6, 2021 Ripple effects of monetary policy Is conventional monetary policy transmitted through the demand for and supply of intermediate goods in an economy? Analyzing unique US data on corporate linkages, we document that downstream and upstream corporate financial health are instrumental for the transmission of... Bank of International Settlements
report August 5, 2021 Are households indifferent to monetary policy announcements? We study the impact of the Fed's monetary policy announcements on households' expectations by comparing responses to the Survey of Consumer Expectations before and after Federal Open Market Committee (FOMC) meetings, over the period 2013-2019.... Bank of International Settlements
