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The evolution and goals of lending to developing countries by the Bank for International Settlements

The evolution and goals of lending to developing countries by the Bank for International Settlements Examines the evolution of the role of the Bank for International Settlements (BIS), created in 1930 to promote co‐operation between central banks, into the arena of the Third World debt problem. The bank has extended loans to developing countries, such as Mexico, Argentina, Nigeria and Brazil since 1982. It arranges these extremely short‐term credits as “bridge loans”, while longer term, conditional assistance through the IMF and the World Bank is being negotiated. This activity reflects the BIS′s effort to contribute to economic and monetary stability in an increasingly interdependent world. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

The evolution and goals of lending to developing countries by the Bank for International Settlements

Journal of Economic Studies , Volume 22 (6): 12 – Dec 1, 1995

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References (1)

Publisher
Emerald Publishing
Copyright
Copyright © 1995 MCB UP Ltd. All rights reserved.
ISSN
0144-3585
DOI
10.1108/01443589510099066
Publisher site
See Article on Publisher Site

Abstract

Examines the evolution of the role of the Bank for International Settlements (BIS), created in 1930 to promote co‐operation between central banks, into the arena of the Third World debt problem. The bank has extended loans to developing countries, such as Mexico, Argentina, Nigeria and Brazil since 1982. It arranges these extremely short‐term credits as “bridge loans”, while longer term, conditional assistance through the IMF and the World Bank is being negotiated. This activity reflects the BIS′s effort to contribute to economic and monetary stability in an increasingly interdependent world.

Journal

Journal of Economic StudiesEmerald Publishing

Published: Dec 1, 1995

Keywords: Banking; Developing countries; Economics; International Monetary Fund; Loans

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