BIS Quarterly Review, September 2004

Emerging market countries, notably in Asia, were proving to be among the most active international borrowers and depositors in overseas banks this year, the Bank for International Settlements (BIS) said in its Quarterly Review, September 2004.

The BIS, which acts as a central bank for national central banks, said the issuance of international debt securities remained robust in the second quarter of 2004, bolstered by a recovering global economy and an easing of investor concerns about the impact

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