The evolution and goals of lending to developing countries by the Bank for International Settlements

Emerald - Tập 22 Số 6 - Trang 69-80 - 1995
Kristin K.Howell1
1University of North Carolina at Wilmington, Wilmington, North Carolina, USA

Tóm tắt

Examines the evolution of the role of the Bank for International Settlements (BIS), created in 1930 to promote co‐operation between central banks, into the arena of the Third World debt problem. The bank has extended loans to developing countries, such as Mexico, Argentina, Nigeria and Brazil since 1982. It arranges these extremely short‐term credits as “bridge loans”, while longer term, conditional assistance through the IMF and the World Bank is being negotiated. This activity reflects the BIS′s effort to contribute to economic and monetary stability in an increasingly interdependent world.

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Tài liệu tham khảo

The Bank for International Settlements (1980), The Bank for International Settlements and the Basle Meetings, The Bank for International Settlements, Basle, Switzerland.

The Bank for International Settlements (1981‐1993), “Activities of the bank”, Annual Reports, Basle, Switzerland.

The Bank for International Settlements (1982‐1993), “Financial Assistance to Central Banks ”, Annual Reports, Basle, Switzerland.

Federal Reserve Bank of New York (1981‐1994), “Treasury and federal reserve foreign exchange operations”, Federal Reserve Bulletin, New York, NY.

Federal Reserve Bank of New York (1986 ), “Foreign lending by banks: a guide to international and US statistics”, Federal Reserve Bulletin, October, pp. 683‐94.

Howell, K. (1992), “Regional and international co‐operation and monetary stability – the roles of the International Monetary Fund and the Bank for International Settlements”, Rivista Internazionale Di Scienze Economiche E Commerciali, October‐November, pp. 833‐48.

International Monetary Fund (1993), World Economic Outlook, May 1993, International Monetary Fund, Washington, DC.

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Emerald

Tập 22 Số 6

69-80

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