Bank for International Settlements
BISPaper
Repo markets: efficient and fragile for the same reasons
A multi-central bank study shows that the 16 trillion dollar global repo market provides essential liquidity while harboring acute structural vulnerabilities.
Focus
BISPaper
Rising complexity premia explain four decades of US wage inequality
A Federal Reserve Board study shows that occupational problem-solving complexity strongly predicts US wage growth since 1980.
BISPaper
AI growth increases US output volatility by 2.8 percent
A Kansas City Fed working paper finds that artificial intelligence development is concentrated in volatile occupations and has increased US output volatility by 2.8 percent, roughly 3.5 times the impact of the 1990s IT boom.
Latest
BISPaper
Analytical shortcut solves dynamic distribution in fixed cost models
A Kansas City Fed working paper provides an analytical solution to the Kolmogorov forward equation for fixed cost models.
BISSpeech
MAS posts S$20 billion net profit as Singapore GDP grows 6 percent
The Monetary Authority of Singapore reported economic growth of 6.0 percent in the first half of 2026, driven by expansion in global AI investment.
BISSpeech
Non-bank clearing expansion increases systemic risks, Beau warns
Banque de France First Deputy Governor Denis Beau called for stronger oversight of central counterparties amid growing non-bank participation and technological risks.
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BISSpeech
Greek bank NPLs drop to 3.4 percent as RRF loans reach 13 billion
Bank of Greece Governor Yannis Stournaras highlighted the transformation of the domestic banking sector, where non-performing loan ratios dropped to 3.4 percent and capital adequacy reached 20 percent, while urging structural reforms to sustain growth beyond the EU recovery facility.
BISSpeech
Local central bank presence vital despite digital tools, Balz says
Deutsche Bundesbank board member Burkhard Balz marked the 40th anniversary of the central bank's New York representative office on July 7, 2026.
BISSpeech
Kganyago defends 3 percent inflation target after oil price shock
South African Reserve Bank Governor Lesetja Kganyago reaffirmed the central bank's commitment to its new 3 percent inflation target during the 106th Annual General Meeting.
BISSpeech
Kganyago defends May rate hike to anchor 3 percent target
South African Reserve Bank Governor Lesetja Kganyago defended the central bank's May rate increase, citing a supply shock that pushed up inflation expectations.
BISSpeech
Supply shocks keep Australian inflation above target, Bullock warns
Reserve Bank of Australia Governor Michele Bullock warned that recurring supply shocks and persistent capacity pressures keep inflation above the 2 to 3 percent target, noting headline inflation reached 4.0 percent in May.
BISSpeech
Deeper capital markets needed for 2047 growth, Jain says
Reserve Bank of India Deputy Governor Rohit Jain urged financial institutions to help build deeper bond, derivative, and money markets to support the country's economic ambitions for 2047.