International finance through the lens of BIS statistics: bond markets, domestic and international

Tracy Chan, Goetz von Peter and Philip Wooldridge

BIS Quarterly Review, 2025

Abstract: The period since the Great Financial Crisis has seen a shift in debt financing from loans to bonds. This article provides an overview of how the BIS debt securities statistics can be used to examine the size and structure of bond financing, including its sectoral and currency composition. Government issuance drove the growth of bond markets, but private sector activity fuelled their broader development, including access for a more diverse mix of borrowers. Governments stepped up their borrowing mainly in their domestic currency. Meanwhile, private sector borrowers continued to tap bond markets in foreign currency, mainly US dollars.

JEL-codes: F34 F36 G10 G15 H63 (search for similar items in EconPapers)
Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.bis.org/publ/qtrpdf/r_qt2509e.pdf (application/pdf)
https://www.bis.org/publ/qtrpdf/r_qt2509e.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bis:bisqtr:2509e

Access Statistics for this article

BIS Quarterly Review is currently edited by Christian Upper

More articles in BIS Quarterly Review from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler ().