Claudio Borio is appointed as Head of Monetary and Economic Department, and Hyun Song Shin as Economic Adviser and Head of Research by BIS Board.

MAGD publishes report on the macroeconomic effects of OTC derivatives on regulatory reforms, focusing on the long-run effects on output.

The BIS has released its 2012-2013 Annual Report.

The BIS has released its June 2013 Quarterly Review, with a focus on monetary easing.

The Bank for International Settlements has released OTC derivative statistics for the second half of 2012.

The Bank for International Settlements has released a working paper which suggests that central banks should deviate from their inflation targets during times of crisis.

The Bank for International Settlements has released a working paper which outlines the importance of bank capitalisation in the supply of bank lending.

The Bank for International Settlements has released a working paper on the sustainability of pension schemes, which suggests that changes in real returns have a disproportionate impact on service costs for pension schemes.

The Bank for International Settlements has released a working paper which explores the Latin American lessons from the Global Financial Crisis, with a particular focus on credit growth.