The Bank for International Settlements: Evolution and Evaluation
Editorial Reviews
Review
“Readers will come away from this book with an appreciation of the role of an obscure and enduring international financial institution and its significance in world affairs. Baker (finance and international business, Kent State Univ.) traces the evolution of the Bank for International Settlements (BIS) as it refashioned itself in response to changing world conditions. Initially established in 1930 in Basle, Switzerland, by European central banks and three major US commercial banks, the BIS was designed primarily to facilitate German war reparations payments and secondarily to facilitate transactions among central banks. With cessation of reparations in 1932, the ever-adaptable BIS began to emphasize its secondary function. Baker then describes how the BIS expanded its role in response to changing needs of the international financial community by providing an excellent source of international statistics, developing international standards for bank regulation and supervision, serving as a forum for communication among central bankers, establishing worldwide standards for insurance, and expanding its sphere of operations from a regional to global network. An evaluation and look to future roles for the BIS concludes the volume. Recommended for upper-division undergraduate through professional collections.”–
Book Description
The oldest existing international financial institution and probably the most controversial, The Bank for International Settlements remains a mystery to many people and to others, an ethical enigma. It has contributed significantly to international bank regulation and to stabilizing the international financial system, yet its operations during World War II have long been deemed suspect. Indeed, some use the word "shady." Baker discusses the history and evolution of The BIS, evaluates its operations, and in a fair balanced treatment weighs the good it has done against the bad. He describes its work on payment/settlement systems, derivatives, bank capital, and in the insurance and investment industries, and underlines how it has changed since the days when it was accused of assisting the Nazis' war effort. A major academic study, the book will be of special interest not only to teachers, scholars, and students, but to finance and investment professionals as well.
The Bank for International Settlements: Evolution and Evaluation
The Bank for International Settlements: Evolution and Evaluation,James C. Baker,Quorum Books,1567205186,Bank for International Settlem,Bank for International Settlements,Banks & Banking,Banks and banking, Central,Business & Economics,Business / Economics / Finance,Business/Economics,Finance,International - General,International finance,Banking,Business & Economics / International,Economic history,International business
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