Bank of International Settlement
What holds the monetary system together at its core? In a speech at @goetheuni, Agustín Carstens takes inspiration from Germany’s literary giant Goethe to reflect on the soul of money in the digital era. https://www.bis.org/speeches/sp220118.htm.
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The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
Central bank digital currencies (CBDCs) in Latin America and the Caribbean
by Viviana Alfonso C, Steven Kamin and Fabrizio ZampolliOur statistical analysis identifies important drivers of engagement in CBDC development: the extent of innovation, the presence of fast payment systems, government effectiveness, financial account ownership, financial development more generally and the extent of the public's interest in CBDCs.
Read More »Informational switching costs, bank competition, and the cost of finance
by José Renato Haas Ornelas, Marcos Soares da Silva and Bernardus F Nazar Van DoornikThis paper studies the links between competition in the lending market and spreads of bank loans in Brazil.
Read More »Helvetia Phase II – short version
Project Helvetia Phase II: Overview
Project Helvetia Phase II: Settling tokenised assets in wholesale CBDC
The BIS, the Swiss National Bank and SIX successfully tested integration of wholesale CBDC settlement with commercial banks
Read More »The premia on state-contingent sovereign debt instruments
by Deniz Igan, Taehoon Kim and Antoine LevyThis paper fills this gap in the literature by examining GDP-linked warrants issued by Argentina, Greece and Ukraine.
Read More »Zombies on the brink: Evidence from Japan on the reversal of monetary policy effectiveness
by Gee Hee Hong, Deniz Igan and Do LeeThis paper offers a corporate finance perspective on the effects and limitations of unconventional monetary policy.
Read More »Platform-based business models and financial inclusion
by Karen Croxson, Jon Frost, Leonardo Gambacorta and Tommaso VallettiWe show that platforms have helped to achieve impressive gains in financial inclusion, both in emerging market and developing economies and in advanced economies such as the United Kingdom.
Read More »10 Years of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions
On 7 December, the Financial Stability Board (FSB) and the Financial Stability Institute (FSI) of the BIS hosted a virtual event to assess the achievements of the Key Attributes of Effective Resolution Regimes 10 years on. https://www.bis.org/fsi/events/211207_fsi_fsb.htm
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