The Bank for International Settlements (BIS), founded in 1930, works as the Bank for Central Banks . The BIS is an international forum where central bankers and officials gather to cope with international financial issues, and a bank which invests the funds of the member countries. This book is a historical study on the BIS, from its foundation to the 1970s. Using archival sources of the Bank and financial institutions of the member countries, this book aims to clarify how the BIS faced the challenges of contemporary international financial system. The book deals with following subjects: Why and how the BIS has been founded? How did the BIS cope with the Great Depression in the 1930s? Was the BIS responsible for the looted gold incident during WWII? After the dissolution sentence at the Bretton Woods Conference in 1944, how did the BIS survive? How did the BIS act during the dollar crisis in the 1960s and the 1970s? A thorough analysis of the balance sheets supports the archival investigation on the above issues. The BIS has been, and is still an institution which proposes an alternative views : crisis manager under the Great Depression of the 1930s, peace feeler during the WWII, market friendly bank in the golden age of the Keynesian interventionism, and crisis fighter during the recent world financial turmoil. Harmonizing the methodology of ecomic history, international finances and history of ecomic thoughts, the book traces the past events to the current world ecomy under financial crisis.
Kazuhiko Yago, Professor at Waseda University, Japan, works on banking history. He published a book on French public sector financial institution, revising his doctoral dissertation L'epargne populaire comme fonds de placement public: Caisse des depots et consignations (1919-1939) which he defended at Universite Paris X in 1996.
Taylor & Francis Ltd
Date of Publication
Economics: Professional & General
Routledge Studies in the Modern World Economy
Place of Publication
Country of Publication
16 black & white illustrations, 12 black & white tables