The Past and Future of Central Bank Cooperation

This book explores the past and future of central bank cooperation in today's global economy.

Claudio Borio (Edited by), Gianni Toniolo (Edited by), Piet Clement (Edited by)

9780521187572, Cambridge University Press

Paperback, published 17 February 2011

260 pages
22.9 x 15.2 x 1.5 cm, 0.4 kg

Review of the hardback: 'It offers a valuable insight into the world of central bank cooperation, both past and future, and how the past is shaping the future.' Journal of Financial History Review

This book explores the past and future of central bank cooperation. In today's global economy, the cooperation between central banks is a key element in maintaining or restoring monetary and financial stability, thereby ensuring a smooth functioning of the international financial system. In this book, economists, historians, and political scientists look back at the experience of central bank cooperation during the past century - at its goals, nature, and processes and at its successes and failures - and draw lessons for the future. Particular attention is devoted to the role played by central bank cooperation in the formulation of minimum capital standards for internationally active banks (the Basel Capital Accord, Basel II), and in the process of European monetary unification and the introduction of the Euro.

Introduction: past and future of central bank co-operation Piet Clement
1. One hundred and thirty years of central bank cooperation: a BIS perspective Claudio Borio and Gianni Toniolo
2. Almost a century of central bank cooperation Richard N. Cooper
3. Architects of stability? International co-operation among financial supervisors Ethan B. Kapstein
4. Central banks, governments and the European monetary unification process Alexandre Lamfalussy
5. The future of central bank cooperation Beth Simmons
6. Interdependence and co-operation: an endangered pair? Tommaso Padoa-Schioppa.

Subject Areas: International business [KJK], Finance & accounting [KF], Economic history [KCZ], International finance [KCLF]