The Bank for International Settlements could expand the work it does in co-ordinating central banks’ stabilisation efforts, an economic historian argued today (October 30).

This would hark back in many ways to the role it played between the end of the Second World War and 1971, Catherine Schenk said. Schenk, a professor of economic and social history at Oxford University, said ad hoc measures to support Bretton Woods, partly brokered by the BIS, had parallels with the 2008 crisis and the Covid