"The BIS Quarterly Review for September 2011, released September 19, 2011, shows how a weaker outlook for the global economy drove down the prices of risky assets and fuelled concerns about sovereign risk. The September issue also provides highlights from the latest BIS data on international banking and financial activity. In addition, it features three articles (more detailed abstracts follow):
- Trade balance and real exchange rate: movements in real exchange rates have only limited effects on the trade account of some countries.
- Global credit and domestic credit booms: rapidly growing foreign currency and/or cross-border credit could undermine the efforts of authorities to dampen credit growth.
- The rise of sovereign credit risk has increased the vulnerability of banks to funding shocks."
- Related postings on financial system