As the global organisation of central banks, the Bank for International Settlements (BIS) has played a significant role in the momentous changes the international monetary and financial system has undergone over the past half century. This book offers a key contribution to understanding these changes. It explores the rise of the emerging market economies, the resulting shifts in the governance of the international financial system, and the role of central bank cooperation in this process. In this truly multidisciplinary effort, scholars from the fields of economics, history, political science and law unravel the most poignant episodes that marked this period, including European monetary unification, the paradigm shifts in economic and financial analysis, the origins and influence of macro-financial stability frameworks, the rise of soft law in international financial governance, central bank crisis management in the wake of the Great Financial Crisis, and, finally, the institutional evolution of the BIS itself.

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Yes, you can access Promoting Global Monetary and Financial Stability by Claudio Borio,Stijn Claessens,Piet Clement,Robert N. McCauley,Hyun Song Shin in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Cambridge University Press

Year

2020

ISBN

9781108857031

Topic

Economics

Subtopic

Macroeconomics

Index

Economics

Cover
Half-title page
Series page
Title page
Copyright page
Contents
List of Graphs and Tables
List of Contributors
Foreword by Agustín Carstens
Acknowledgements
List of Abbreviations
Introduction
1 The BIS and the European Monetary Experiment
2 The Governance of the Bank for International Settlements, 1973–2020
3 A Theory of Everything: A Historically Grounded Understanding of Soft Law and the BIS
4 Tower of Contrarian Thinking: How the BIS Helped Reframe Understandings of Financial Stability
5 Exchange Rates, Capital Flows and the Financial Cycle: On the Origins of the BIS View
6 The Bank for International Settlements: If It Didn’t Exist, It Would Have to Be Invented (An Insider’s View)
Annex 1 BIS Chronology
Annex 2 BIS-Based Committees – Membership, Chairs and Secretaries, 1962–2020
Annex 3 BIS Balance Sheet, 1980–2019
Annex 4 Current and Former Functionaries of the BIS Board of Directors and BIS Management, 1973–2020
Annex 5 Shareholding Members of the BIS as on 1 July 2020
Note on Sources
Bibliography
Index