Bank for International Settlement Essay

Open, View, and/or
Download this Document

Total Length: 571 words ( 2 double-spaced pages)

Total Sources: 4

Page 1 of 2

Bank for International Settlements

The inception of the Bank for International Settlements

The Bank for International Settlements was created in 1930 pursuant to the Young Plan, also known as the Dawes Plan under the Hague Agreement (Baker 2). At its inception, the Bank for International Settlements (BIS) was to assume the responsibilities of the Agent General for Reparations in Berlin which consisted of collecting, administrating and distributing the annuities that were payable as reparations (BIS History -- Overview 1). These original responsibilities were the source of the BIS' name (BIS History- Overview 1). According to the BIS Web site, "The BIS was also created to act as a trustee for the Dawes and Young Loans (international loans issued to finance reparations) and to promote central bank cooperation in general" (BIS History -- Overview 2). As these original responsibilities were satisfied, the purpose of the BIS has also changed as discussed further below.

The purpose of the Bank for International Settlements

The original purpose of the Bank for International Settlements was "to facilitate and coordinate the reparations payments or settlements by the German government after World War I" (Baker 2). Today, the purpose of the Bank for International Settlements has expanded to include a number of functions, including serving as "a global financial institution with a regional background," as well as "a private institution with shareholders [that] does operations for public agencies" (Baker 2). These activities are conducted in a highly confidential fashion to the extent that the general public is largely unaware of the existence of the Bank for International Settlements (Baker 3). According to Baker, "Although it has not functioned as a facilitator of reparations settlements for nearly 70 years, the role for which it was formed, it has survived by adapting to the needs of a well-regulated and stable system of international financial arrangements" (3).

Stuck Writing Your "Bank for International Settlement" Essay?

View All Our Example Bank for International Settlement Essay

Have A Custom Example Essay Written

In addition, the BIS has evolved into "a valuable institution as a talking-shop and meeting-place" (Baker 3). The current stated mission of the Bank for International Settlements is "to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks" (About BIS 1). In sum, the Bank for International Settlements achieves the stated mission through the following:

Promoting discussion and facilitating collaboration among central banks;

Supporting dialogue with other authorities that are responsible for promoting….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Bank For International Settlement" (2014, January 23) Retrieved May 20, 2024, from
https://www.aceyourpaper.com/essays/bank-international-settlement-181287

Latest MLA Format (8th edition)

Copy Reference
"Bank For International Settlement" 23 January 2014. Web.20 May. 2024. <
https://www.aceyourpaper.com/essays/bank-international-settlement-181287>

Latest Chicago Format (16th edition)

Copy Reference
"Bank For International Settlement", 23 January 2014, Accessed.20 May. 2024,
https://www.aceyourpaper.com/essays/bank-international-settlement-181287
   

Open, View, and/or
Download this Document
order custom essay example