Gianni Toniolo has written a splendid book that is at the same time a conceptual exploration of the possibilities and limits of central bank cooperation and a history of the Bank for International Settlements. At the outset of the book he rightly asks what is meant by cooperation between central banks, and sets out to explore the answer to that question as realised at the BIS. It was not a matter of simply organising financial support; rather the primary role was to lie in the evolution of a com
- Is this the beginning of a new era of credit risk management technology?
- BoE research says digital currency would ‘strengthen’ policy transmission
- US House passes deregulation bill with bipartisan support
- Brazil’s central bank launches fintech laboratory
- Argentina rescue advances as emerging markets suffer outflows