Skip to main content Accessibility help
×
Home
Hostname: page-component-5c569c448b-b4ls7 Total loading time: 0.371 Render date: 2022-07-05T01:34:03.992Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "useRatesEcommerce": false, "useNewApi": true } hasContentIssue true

6 - The Bank for International Settlements

If It Didn’t Exist, It Would Have to Be Invented (An Insider’s View)

Published online by Cambridge University Press:  10 April 2020

Claudio Borio
Affiliation:
Bank for International Settlements
Stijn Claessens
Affiliation:
Bank for International Settlements
Piet Clement
Affiliation:
Bank for International Settlements
Robert N. McCauley
Affiliation:
Bank for International Settlements
Hyun Song Shin
Affiliation:
Bank for International Settlements
Get access

Summary

This chapter is a reflection or insider’s view provided by a former President of the Federal Reserve Bank of New York and long-standing member of the BIS Board of Directors, William Dudley. Based on his first-hand experience, and in reference to the crucial decade following the global financial crisis of 2007–9, his contribution reflects on the usefulness of the BIS as the global cooperative organisation of central banks. The BIS continues to play a crucial role as a forum for information exchange and discussions among central bankers and for informal networking. In addition, through its research, meetings and policy work it enables international consensus-building with a view to promoting global financial stability. The contribution also identifies some areas in which the BIS can and should further improve, in particular in terms of its transparency, diversity and inclusiveness. The efficient coordination of work and the ongoing cooperation between the BIS and the other key stakeholders in the international financial system, in particular the IMF and the World Bank, also figures high on the agenda.

Type
Chapter
Information
Promoting Global Monetary and Financial Stability
The Bank for International Settlements after Bretton Woods, 1973–2020
, pp. 206 - 213
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×