Promoting Global Monetary and Financial Stability

Erscheinungsjahr 2020
ISBN: 978-1-108-49598-1
Verlag: Cambridge University Press

Buch, Englisch, 302 Seiten, Format (B × H): 159 mm x 237 mm, Gewicht: 573 g

Reihe: Studies in Macroeconomic History

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.

Autoren/Hrsg.

Borio, Claudio

Claessens, Stijn

Clement, Piet

McCauley, Robert N.

Shin, Hyun Song

Inhaltsverzeichnis

List of graphs and tables; List of contributors; Foreword Agustín Carstens; Acknowledgements; List of acronyms; Introduction Claudio Borio, Stijn Claessens, Piet Clement, Robert N. McCauley and Hyun Song Shin; 1. The BIS and the European monetary experiment Harold James; 2. The governance of the Bank for International Settlements, 1973–2020 Catherine R. Schenk; The BIS in pictures, 1973–2020; 3. A theory of everything: a historically grounded understanding of soft law – and the BIS Chris Brummer; 4. Tower of contrarian thinking: how the BIS helped reframe understandings of financial stability Andrew Baker; 5. Exchange rates, capital flows and the financial cycle: on the origins of the BIS view Barry Eichengreen; 6. The Bank for International Settlements: if it didn't exist, it would have to be invented (an insider's view) William C. Dudley; 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.

Über Autor(innen)

McCauley, Robert N.
Robert N. McCauley was a senior economist and adviser at the Bank for International Settlements from 1994 until his retirement in 2019.

Clement, Piet
Piet Clement is historian at the Bank for International Settlements. He is a member of the Academic Council of the European Association for Banking and Financial History.

Shin, Hyun Song
Hyun Song Shin is Economic Adviser and Head of Research at the Bank for International Settlements.

Claessens, Stijn
Stijn Claessens is Head of Financial Stability Policy and Deputy Head of the Monetary and Economic Department at the Bank for International Settlements.

Borio, Claudio
Claudio Borio is Head of the Monetary and Economic Department at the Bank for International Settlements.