MARC Record from Library of Congress

LEADER: 02403cam a22003257a 4500
001 2006619504
003 DLC
005 20130601093438.0
007 cr |||||||||||
008 060601s2006 sz sb 000 0 eng
010 $a 2006619504
040 $aDLC$cDLC
050 00 $aHG3879
100 1 $aBorio, C. E. V.
245 10 $aOne hundred and thirty years of central bank cooperation$h[electronic resource] :$bBIS perspective /$cby Claudio Borio and Gianni Toniolo.
260 $aBasel, Switzerland :$bBank for International Settlements,$cc2006.
490 1 $aBIS working papers,$x1682-7678 ;$vno. 197
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file (viewed on May 31, 2006).
500 $a"Monetary and Economic Department."
500 $a"February 2006."
530 $aAlso available in print.
520 3 $aWith the insight of 130 years of history, this paper tries to answer three questions: how did changing international monetary and financial conditions shape the targets and tools of central bank cooperation? What factors influenced its intensity? Did a structured organisation, such as the BIS, make a difference to its effectiveness? We show that while central bank cooperation through history was ultimately directed to ensuring monetary and financial stability, the conception of these objectives, the relationship between the two, the balance in their pursuit, and the strategies followed evolved over time reflecting changes in the monetary and financial environment as well as in the intellectual climate. In turn, the intensity of central bank cooperation was influenced by the state of international relations, the prestige and degree of autonomy of central banks and the technical nature of the issues requiring cooperation. We also argue that the BIS made a material difference, at least when conditions allowed.
504 $aIncludes bibliographical references.
653 $aCentral bank;$aCooperation;$aBank for International Settlements (BIS);$aMonetary and financial stability;$aGold standard;$aBretton Woods
700 1 $aToniolo, Gianni,$d1942-
710 2 $aBank for International Settlements.$bMonetary and Economic Department.
830 0 $aBIS working papers (Online) ;$vno. 197.
856 42 $3Summary page with link to full-text PDF report$uhttp://www.bis.org/publ/work197.htm