Promoting Global Monetary and Financial Stability
The Bank for International Settlements after Bretton Woods, 1973-2020
Editors
Claudio Borio
Stijn Claessens
Piet Clement
Robert N. Mc Cauley
Hyun Song Shin
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.