An Assessment of the Bank for International Settlements

42 Pages Posted: 13 Jan 2007

See all articles by Michele U. Fratianni

Michele U. Fratianni

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy; Universita' Politecnica delle Marche

John C. Pattison

Canadian Imperial Bank of Commerce

Date Written: December 1999

Abstract

This article reviews the role of the Bank for International Settlements (BIS) and its adaptability to the changing international financial structure, from the gold standard to floating exchange rates. Today, the BIS has assumed the role of creator of international standards for banks and financial conglomerates through the Basel Committee on Banking Supervision. Its implied mission is to prevent international financial crises and to mitigate negative externalities when they occur. The overall assessment of the BIS is positive. Its small membership gives it a sense of purpose and minimizes free riding. Given the high degree of financial integration in the world and consequent large spill-overs, the BIS would have to be created if it did not already exist.

Keywords: international organization, financial regulation, policy coordination

JEL Classification: F33, F34, F42

Suggested Citation

Fratianni, Michele and Pattison, John C., An Assessment of the Bank for International Settlements (December 1999). Available at SSRN: https://ssrn.com/abstract=956482 or http://dx.doi.org/10.2139/ssrn.956482

Michele Fratianni (Contact Author)

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy ( email )

Bloomington, IN 47405
United States
812-855-3360 (Phone)
812-855-3354 (Fax)

Universita' Politecnica delle Marche ( email )

Piazzale Martelli, 8
60121 Ancona
Italy
39-071-2207120 (Phone)

John C. Pattison

Canadian Imperial Bank of Commerce ( email )

Commerce Court West
199 Bay St
Toronto, Ontario M5L 1A2
Canada

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