Developments in latest data for the BIS international banking statistics and global liquidity indicators.
About
The BIS uses the term “global liquidity” to refer to the ease of financing in global financial markets. The BIS global liquidity indicators (GLIs) track credit to non-bank borrowers, covering both loans extended by banks and funding from global bond markets through the issuance of international debt securities (IDS). The main focus is on foreign currency credit denominated in three major reserve currencies (US dollars, euros and Japanese yen) to non-residents, ie borrowers outside the respective currency areas.
Commentary
Methodology
GLI methodology
Bank for International Settlements
Document explaining the methodology behind each of the indicators, including sources and estimations by BIS statisticians
Convention for country groupings
Bank for International Settlements
The classification of countries into advanced economies (AEs) and emerging market and developing economies (EMDEs) in BIS statistics is based on the corresponding classification of the IMF's World Economic Outlook, extended to the broader set of countries covered in BIS statistics.
Convention for country groupings
Bank for International Settlements
The classification of countries into advanced economies (AEs) and emerging market and developing economies (EMDEs) in BIS statistics is based on the corresponding classification of the IMF's World Economic Outlook, extended to the broader set of countries covered in BIS statistics.
Research and publications
International finance through the lens of BIS statistics: the global reach of currencies
The use of key currencies in international finance far outstrips the issuing jurisdictions' share in global economic activity. The US dollar dominates globally, while the euro, yen and pound sterling have a smaller international footprint.
Global liquidity: a new phase?
Foreign currency credit – a key aspect of global liquidity – has undergone distinct phases.
International dimensions of EME corporate debt
International credit can be fickle and subject to sudden stops during periods of global economic stress.
Global liquidity: changing instrument and currency patterns
International (cross-border and foreign currency) credit, a key indicator of global liquidity, has continued to expand in recent years to 38% of global GDP.
Recent enhancements to the BIS statistics
The BIS regularly seeks to enhance its statistical offerings to support monetary and financial stability analysis, in close coordination with central banks and other national authorities and international organisations. The exposure of economies to foreign currency risk is one potential source of vulnerability that has received increased attention in recent years, and the relevant data gaps are being addressed in the second phase of the Data Gaps Initiative (DGI) endorsed by the G20 (BIS-FSB-IMF (2015), FSB-IMF (2017)).