Ethically challenged financiers, greedy American politicians and plundered Nazi gold highlight this fascinating history of the Bank for International Settlements (BIS) – the Swiss-based central bank for the world’s central banks. Journalist and novelist Adam LeBor’s well-documented narrative reads like one of his fictional thrillers – replete with international intrigue, amoral collusion, and backroom wheeling and dealing. LeBor dips into his experience as a foreign correspondent to report on a powerful, obscure global institution and the Machiavellian maneuvers behind it. Particularly fascinating is the BIS’s role during World War II and its involvement with Nazi Germany. getAbstract recommends this gimlet-eyed look at an opaque and far-reaching financial power center to economic history buffs.
In this summary, you will learn
- Why the Bank for International Settlements (BIS) came into being,
- What role it played up to and during World War II, and
- What the BIS does today.
About the Author
Author Adam LeBor has published two novels and seven works of nonfiction, including the acclaimed book Hitler’s Secret Bankers.
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