IDEAS home Printed from https://ideas.repec.org/a/ceh/journl/y2019v4p194-205.html
   My bibliography  Save this article

The Bank for International Settlements and Its Activity in the Period 1930–1945

Author

Listed:
  • Petar Stoyanov

    (University of National and World Economy - Sofia, Bulgaria)

Abstract

During the 1930s was established the world’s oldest international financial institution – the Bank for International Settlements. Yet now, 88 years from its creation, both the academic community and the public know so little about it. On the basis of the bank’s dark history, the goal of this paper is to reveal the dangerous and hidden aspects behind the globalization of finance which started during the interwar and war period.

Suggested Citation

  • Petar Stoyanov, 2019. "The Bank for International Settlements and Its Activity in the Period 1930–1945," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 4, pages 194-205, November.
  • Handle: RePEc:ceh:journl:y:2019:v:4:p:194-205
    as

    Download full text from publisher

    File URL: http://csii.bg/series/2019-4/pdf/15-PetarStoyanov.pdf
    Download Restriction: no

    File URL: http://csii.bg/series/2019-4/html/15-PetarStoyanov.htm
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Toniolo,Gianni Assisted by-Name:Clement,Piet, 2007. "Central Bank Cooperation at the Bank for International Settlements, 1930–1973," Cambridge Books, Cambridge University Press, number 9780521043700, September.
    2. Anonymous, 1955. "Bank for International Settlements," International Organization, Cambridge University Press, vol. 9(3), pages 449-450, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alain Naef, 2021. "Dirty float or clean intervention? The Bank of England in the foreign exchange market," European Review of Economic History, European Historical Economics Society, vol. 25(1), pages 180-201.
    2. Christoph Knill & Louisa Bayerlein & Jan Enkler & Stephan Grohs, 2019. "Bureaucratic influence and administrative styles in international organizations," The Review of International Organizations, Springer, vol. 14(1), pages 83-106, March.
    3. Blancheton, Bertrand, 2016. "Central bank independence in a historical perspective. Myth, lessons and a new model," Economic Modelling, Elsevier, vol. 52(PA), pages 101-107.
    4. Michael D. Bordo & Robert N. McCauley, 2019. "Triffin: Dilemma or Myth?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(4), pages 824-851, December.
    5. Schioppa, Claudio A. & Papadia, Andrea, 2015. "Foreign Debt and Secondary Markets: The Case of Interwar Germany," MPRA Paper 102863, University Library of Munich, Germany, revised 2016.
    6. Trebesch, Christoph & Reinhart, Carmen & Horn, Sebastian, 2020. "Coping with Disasters: Two Centuries of International Official Lending," CEPR Discussion Papers 14902, C.E.P.R. Discussion Papers.
    7. Bordo, Michael & Monnet, Eric & Naef, Alain, 2019. "The Gold Pool (1961–1968) and the Fall of the Bretton Woods System: Lessons for Central Bank Cooperation," The Journal of Economic History, Cambridge University Press, vol. 79(4), pages 1027-1059, December.
    8. Mihai Niţoi & Dorina Clichici & Simona Moagăr-Poladian, 2021. "Foreign Banks in Central and Eastern Europe: The Good, the Bad and the Ugly," Prague Economic Papers, Prague University of Economics and Business, vol. 2021(5), pages 596-612.
    9. Michael David Bordo, 2021. "Monetary Policy Cooperation/Coordination and Global Financial Crises in Historical Perspective," Open Economies Review, Springer, vol. 32(3), pages 587-611, July.
    10. Eivind Thomassen, 2017. "Translating central bank independence into Norwegian: central bankers and the diffusion of central bank independence to Norway in the 1990s," Review of International Political Economy, Taylor & Francis Journals, vol. 24(5), pages 839-858, September.
    11. Elena Seghezza, 2018. "Can swap line arrangements help solve the Triffin dilemma? How?," The World Economy, Wiley Blackwell, vol. 41(10), pages 2691-2708, October.
    12. Ignacio Ramirez Cisneros, 2020. "The odd fiscal ‘implicit bargain’ in the Eurozone. A continental view of sovereignty: List, Chartalism, and Keynes’ international economics," Working Papers PKWP2013, Post Keynesian Economics Society (PKES).
    13. Peter Bernholz, 2009. "Are international organizations like the Bank for International Settlements unable to die?," The Review of International Organizations, Springer, vol. 4(4), pages 361-381, December.
    14. Ricardo M. Sousa, 2011. "Asset Returns Under Model Uncertainty: Evidence from the euro area, the U.K. and the U.S," Working Papers w201119, Banco de Portugal, Economics and Research Department.
    15. Robert B Kahn & Ellen E Meade, 2018. "International aspects of central banking: diplomacy and coordination," Chapters, in: Peter Conti-Brown & Rosa M. Lastra (ed.), Research Handbook on Central Banking, chapter 17, pages 333-364, Edward Elgar Publishing.
    16. David, Géraldine & Li, Yuexin & Oosterlinck, Kim & Renneboog, Luc, 2021. "Art in Times of Crisis," Discussion Paper 2021-026, Tilburg University, Center for Economic Research.
    17. Ritschl, Albrecht & Straumann, Tobias, 2009. "Business cycles and economic policy, 1914-1945: a survey," Economic History Working Papers 22402, London School of Economics and Political Science, Department of Economic History.
    18. Robert N McCauley & Catherine R Schenk, 2020. "Central bank swaps then and now: swaps and dollar liquidity in the 1960s," BIS Working Papers 851, Bank for International Settlements.
    19. Leon Wansleben, 2021. "Divisions of regulatory labor, institutional closure, and structural secrecy in new regulatory states: The case of neglected liquidity risks in market‐based banking," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 909-932, July.
    20. Monnet, Eric, 2017. "Credit controls as an escape from the trilemma. The Bretton Woods experience," CEPR Discussion Papers 12535, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    Bank for International Settlements; Central bank cooperation; trading with the enemy; Nazi gold;
    All these keywords.

    JEL classification:

    • N2 - Economic History - - Financial Markets and Institutions
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ceh:journl:y:2019:v:4:p:194-205. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivan Roussev (email available below). General contact details of provider: https://edirc.repec.org/data/csiisbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.