Central Bank Cooperation at the Bank for International Settlements, 1930-1973Cambridge University Press, 16.05.2005 - 729 Seiten This book covers the history of the Bank for International Settlements (BIS), the first-born among the international economic institutions, from its founding in Basel in 1930 to the end of the Bretton Woods system in 1973. The first chapters explore the foundation of the BIS, its role in the financial crisis of 1931, the London economic conference of 1933, and in following years when central bank cooperation was mostly reduced to technical matters. Considerable attention is devoted to the much criticized activity of the BIS during World War II. The book then deals with the intensive central bank cooperation from the recreation of Europe's multilateral payments in the 1950s and for the support of the Bretton Woods system in the 1960s. The last chapter is devoted to the involvement of central banks in the first timid steps towards European monetary unification and to the eurodollar market. |
Inhalt
International Payments and Central Bank Cooperation | 1 |
12 International Monetary Systems 18701973 | 5 |
13 Reasons and Conditions for International Monetary Cooperation | 9 |
14 Central Bank Cooperation under the Classical Gold Standard | 13 |
15 Central Bank Cooperation 19141922 | 16 |
An Old Cooperative Idea | 20 |
Gestation and Birth | 24 |
22 The Young Committee | 33 |
711 Italian Gold | 252 |
712 Assessing the BISs Wartime Conduct | 256 |
Bretton Woods | 260 |
82 The BIS at Bretton Woods | 267 |
83 After Bretton Woods | 271 |
84 The Restitution of Looted Gold | 276 |
85 What Saved the BIS? | 279 |
Reconstructing Multilateral Payments | 283 |
23 The BadenBaden Committee | 39 |
24 American Ambiguity | 44 |
25 The Legal Basis | 48 |
Comments on the Creation of the BIS | 52 |
27 Outlook and Expectations | 56 |
Organisation and First Operations | 61 |
32 People and Organisation | 63 |
33 The Capital of the Bank | 67 |
34 Dealing with Reparations | 70 |
35 The Banking Side | 72 |
36 The Issue of LongTerm Lending | 74 |
37 The Peseta | 77 |
The 1931 Crisis and International Lending | 84 |
The CreditAnstalt Crisis | 88 |
43 Lending to Hungary Yugoslavia and Danzig | 97 |
44 The BIS and the German Financial Crisis | 100 |
45 Assessing the BIS Experience as Crisis Manager | 106 |
The End of Reparations the Gold Standard and the 1933 London Conference | 115 |
52 Facing the New Reality | 119 |
53 The Wiggin Committee | 123 |
54 The Beneduce Committee and the Lausanne Conference | 127 |
55 Custodian of the Gold Standard | 131 |
56 The Preparatory Commission of Experts for the London Conference | 136 |
57 The BIS at the London Conference | 144 |
58 The Banks Role as Trustee and the German Transfer Crisis | 149 |
59 Emphasis on Cooperation | 157 |
An Autarkic and Divided World | 159 |
An Oxymoron? | 162 |
63 The United States and the BIS | 167 |
64 The Tripartite Agreement | 175 |
65 People and Organisation | 183 |
66 The Banking Side | 185 |
67 Clearing Agent for the Universal Postal Union | 189 |
68 The Monetary and Economic Research Department | 191 |
69 The Governors Unofficial Meetings | 195 |
Wartime | 201 |
72 The Czechoslovak Gold Affair | 204 |
73 Neutrality Declaration and Policy | 213 |
Wartime Daily Life at the BIS | 220 |
McKittricks Reappointment | 224 |
76 The BIS and the Axis | 226 |
77 The BIS and the Allies | 232 |
78 The BIS Switzerland and the Other Neutrals | 235 |
79 Wartime Business Activity | 238 |
710 Wartime Gold Transactions with the Reichsbank | 245 |
92 The Postwar Economy in the Analysis of the BIS | 286 |
Plus ca change ? | 291 |
94 Early Postwar Activity | 297 |
95 The 1947 Agreement on Multilateral Monetary Compensation | 301 |
96 The OEEC and the 1948 Agreement for IntraEuropean Payments and Compensations | 305 |
Achieving Convertibility | 309 |
102 International Monetary Cooperation | 312 |
103 The BIS in the 1950s | 317 |
104 Economic Analysis | 323 |
105 The Birth of the European Payments Union | 327 |
106 Central Banks the BIS and the EPU | 333 |
107 The EPU in Operation | 335 |
108 Convertibility and the European Monetary Agreement | 339 |
109 Eastern European Central Banks and the BIS | 346 |
The 1960s Patching Up the Bretton Woods System | 350 |
112 The BIS in the 1960s | 357 |
113 The Basel Club | 363 |
The European Rescue of the Dollar | 369 |
115 Origin and Operations of the Gold Pool | 375 |
The Basel Agreement Swap Networks and Bilateral Concerté | 381 |
117 The Defence of Sterling | 388 |
118 The BIS the G10 and the Debate on Reforming the International Monetary System | 399 |
The Beginning of the End | 410 |
1110 The BIS Role in the Second Sterling Group Arrangement | 423 |
1111 The French Franc and the Deutsche Mark | 426 |
1112 The End of Bretton Woods | 428 |
Monetary Union and Financial Stability | 437 |
122 The EEC Governors Meetings in the 1960s | 439 |
123 The Werner Plan and European Monetary Integration | 444 |
124 The Eurocurrency Market | 452 |
125 Central Banks Concerns about the Eurocurrency Market | 455 |
126 Filling the Information Gap | 457 |
127 The Eurocurrency Market and Monetary Policy | 460 |
128 Prudential Issues | 469 |
Epilogue | 473 |
Notes | 489 |
Archives Consulted | 613 |
Bibliography | 617 |
BIS Statutes 1930 | 635 |
BIS Balance Sheet 19302000 | 647 |
BIS Board of Directors and Management 19302005 | 661 |
Chronology of Events 19292005 | 667 |
Dramatis Personae Biographical Sketches | 697 |
713 | |
Andere Ausgaben - Alle anzeigen
Central Bank Cooperation at the Bank for International Settlements, 1930-1973 Gianni Toniolo Keine Leseprobe verfügbar - 2007 |
Central Bank Cooperation at the Bank for International Settlements, 1930-1973 Gianni Toniolo,Piet Clement Keine Leseprobe verfügbar - 2005 |
Häufige Begriffe und Wortgruppen
agreement Annual Report April Auboin Austrian balance of payments Bank for International Bank of England Bank of France Bank of Italy Bank's bankers Banque Basel Beneduce BIS's BISA Board of Directors Bretton Woods capital central bank cooperation Chairman Committee Conference convertibility countries creditors crisis currency December deficit deposits Deutsche mark devaluation discussed dollar economic eurocurrency eurodollar Europe European central banks exchange rate experts Federal Reserve Bank foreign exchange Fraser FRBNY French funds German Germany's Gold Pool gold standard governors History Baffi papers Ibid institution international monetary system International Settlements issue Jacobsson January July June liquidity London March McGarrah McKittrick meeting ment million monetary policy multilateral Norman November October official operations organisation participation political postwar President Quesnay Reichsbank reparations Schacht September short-term stabilisation sterling Swiss National Bank tion trade U.S. Treasury United Kingdom York Young Loan Young Plan