<h1>BIS 78th Annual Report</h1><h3>30 June 2008</h3><p>The 78th Annual Report of the Bank for International Settlements for the financial year which began on 1 April 2007 and ended on 31 March 2008 was submitted to the Bank's <a href="http://www.bis.org/events/agm2008.htm">Annual General Meeting</a> held in Basel on 30 June 2008.</p><p><table class="List"><tbody><tr><td valign="top" align="left" colspan="2">&nbsp;<br/><br/><b>Overview:&nbsp;</b></td></tr><tr><td valign="top" align="right"></td><td valign="top" align="left">78th Annual Report 2007/08: an overview</td></tr><tr><td valign="top" align="left" colspan="2">&nbsp;<br/><br/><b>78th Annual Report by chapter&nbsp;</b></td></tr><tr><td valign="top" align="right"></td><td valign="top" align="left">Table of contents, letter of transmittal</td></tr><tr><td valign="top" align="right">I.</td><td valign="top" align="left">Introduction: the unsustainable has run its course</td></tr><tr><td valign="top" align="right">II.</td><td valign="top" align="left">The global economy</td></tr><tr><td valign="top" align="right">III.</td><td valign="top" align="left">Emerging market economies</td></tr><tr><td valign="top" align="right">IV.</td><td valign="top" align="left">Monetary policy in the advanced industrial economies</td></tr><tr><td valign="top" align="right">V.</td><td valign="top" align="left">Foreign exchange markets&nbsp;</td></tr><tr><td valign="top" align="right">VI.</td><td valign="top" align="left">Financial markets&nbsp;</td></tr><tr><td valign="top" align="right">VII.</td><td valign="top" align="left">The financial sector in the advanced industrialised economies&nbsp;</td></tr><tr><td valign="top" align="right">VIII.</td><td valign="top" align="left">Conclusion: the difficult task of damage control&nbsp;</td></tr><tr><td valign="top" align="right"></td><td valign="top" align="left">Organisation, governance and activities</td></tr></tbody></table></p><p><br/></p>