The Bank of International Settlements as a think tank for financial policy-making
The Bank of International Settlements (BIS) is known to be the ‘bank of central banks’ and a confidential place where central bankers meet to discuss policies. However, this contribution shows that it is also far more. Economic research and policy-making are closely connected within the BIS. Researc...
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Online Access: | http://dx.doi.org/10.1080/14494035.2018.1450090 |
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doaj-9b0a4266ae92494ca385f629bde1ab122020-11-25T00:58:10ZengTaylor & Francis GroupPolicy & Society1449-40351839-33732018-04-0137217018710.1080/14494035.2018.14500901450090The Bank of International Settlements as a think tank for financial policy-makingCarola Westermeier0Justus-Liebig-University GiessenThe Bank of International Settlements (BIS) is known to be the ‘bank of central banks’ and a confidential place where central bankers meet to discuss policies. However, this contribution shows that it is also far more. Economic research and policy-making are closely connected within the BIS. Researchers and analysts provide knowledge for financial regulation and introduce new approaches to policy-makers who meet within the BIS-hosted bodies, such as the Basel Committee of Banking Supervision. The Monetary and Economic Department of the BIS operates like a think tank in the field of financial policy-making. This is exemplified by the introduction of macroprudential regulation, a new approach that originated within the BIS. By combining post-structural discourse theory with the concept of discourse coalition, this paper shows how macroprudential regulation became a frame of reference promising to maintain financial stability and how the BIS benefits from this.http://dx.doi.org/10.1080/14494035.2018.1450090Bank of International Settlementsfinancial governancemacroprudential regulationthink tankdiscourse coalitionfinancial stability |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Carola Westermeier |
spellingShingle |
Carola Westermeier The Bank of International Settlements as a think tank for financial policy-making Policy & Society Bank of International Settlements financial governance macroprudential regulation think tank discourse coalition financial stability |
author_facet |
Carola Westermeier |
author_sort |
Carola Westermeier |
title |
The Bank of International Settlements as a think tank for financial policy-making |
title_short |
The Bank of International Settlements as a think tank for financial policy-making |
title_full |
The Bank of International Settlements as a think tank for financial policy-making |
title_fullStr |
The Bank of International Settlements as a think tank for financial policy-making |
title_full_unstemmed |
The Bank of International Settlements as a think tank for financial policy-making |
title_sort |
bank of international settlements as a think tank for financial policy-making |
publisher |
Taylor & Francis Group |
series |
Policy & Society |
issn |
1449-4035 1839-3373 |
publishDate |
2018-04-01 |
description |
The Bank of International Settlements (BIS) is known to be the ‘bank of central banks’ and a confidential place where central bankers meet to discuss policies. However, this contribution shows that it is also far more. Economic research and policy-making are closely connected within the BIS. Researchers and analysts provide knowledge for financial regulation and introduce new approaches to policy-makers who meet within the BIS-hosted bodies, such as the Basel Committee of Banking Supervision. The Monetary and Economic Department of the BIS operates like a think tank in the field of financial policy-making. This is exemplified by the introduction of macroprudential regulation, a new approach that originated within the BIS. By combining post-structural discourse theory with the concept of discourse coalition, this paper shows how macroprudential regulation became a frame of reference promising to maintain financial stability and how the BIS benefits from this. |
topic |
Bank of International Settlements financial governance macroprudential regulation think tank discourse coalition financial stability |
url |
http://dx.doi.org/10.1080/14494035.2018.1450090 |
work_keys_str_mv |
AT carolawestermeier thebankofinternationalsettlementsasathinktankforfinancialpolicymaking AT carolawestermeier bankofinternationalsettlementsasathinktankforfinancialpolicymaking |
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1725221258936713216 |