The Bank for International Settlements has released the March 2011 BIS Quarterly Review. The cover story is “Inflation pressures rise with commodity prices”, with special features:
- Systemic importance: some simple indicators
- Inflation expectations and the great recession
- The use of reserve requirements as a policy instrument in Latin America
- Foreign exchange trading in emerging currencies: more financial, more
offshore
and the usual “Highlights of the BIS international statistics”.
There was a great table:
As of the end of the third quarter of 2010, the total consolidated foreign exposures (on an ultimate risk basis) of BIS reporting banks to Greece, Ireland, Portugal and Spain stood at $2,512 billion (Table 1). At $1,756 billion, foreign claims were equal to approximately 70% of that amount. The remaining $756 billion was accounted for by other exposures (ie the positive market value of derivatives contracts, guarantees extended and credit commitments).