Challenges at the bank for international settlements

The intellectual challenges facing central bankers are reflected in this monograph. The author worked as an economist in the Monetary and Economic Department of the Bank for International Settlements (BIS), but also as an international mediator, in the Secretariat of the G10 Ministers and Governors and in central bank governance. This book thus reveals, next to monetary policy and financial crisis, less well known topics such as insolvency, collective action clauses, international mediation and management of central banks.

Forewor.nbs.by Bill White.- Introduction.- Challenges for governance at central banks.- Insolvency laws - a review of the international dimension.- Collective actions clauses: the way forward.- Note on consequences of potential default of Argentina to the IMF.- Debt resolution processes for sovereign debt - current policy issues.- The successor states of the former Yugoslavia - mediation under Art. . Annex C of the Vienna Agreement on Succession Issues - a major review.- International bank and securities financing in Africa.- The aftermath of the Russian debt crisis.- Banking sector reform in the transition economies - a central banking perspective.- The monetary policy transmission mechanism in Russia.- Exchange rates and monetary policy in central Europe - a survey of some issues.- Financial intermediation: efficienc. fragility and policies for reform.- The monetary policy transmission mechanism in China.- Capital flows in Eastern Europe: some lessons from emerging markets in Latin America and Asia.- Annex.