The Bank for International Settlements

The Bank for International Settlements

Evolution and Evaluation

eBook - 2002
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A readable, engrossing examination of the oldest existing international financial institution and a balanced evaluation of its value, importance, and the good it has done weighed against the bad.
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.

Book News
This book examines the history, administration, evolution, and operations of the oldest existing international financial institution, highlighting its central role in the current international monetary system. The book outlines the work of the bank's permanent committees, and describes the institution's activities in the areas of banking studies, payment and settlement systems analysis, and banking and insurance supervision. The book also assesses the bank's activities during World War II, and its relationship with the Nazis. Baker teaches finance and international business at Kent State. Annotation c. Book News, Inc., Portland, OR (

Publisher: Westport, Conn. : Quorum Books, 2002
ISBN: 9780313006807
Characteristics: data file,rda
1 online resource (xvi, 259 pages)


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