Bank for International Settlements and Current account: Difference between pages

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(BIS).
'' Economics. ''


An international organisation fostering international monetary and financial cooperation, the Bank serves as a bank for central banks and also hosts a number of international organisations.
As used in the national balance of payments, that section which records all transactions in goods and services between one country and the rest of the world.
 
Customers are exclusively central banks and international organisations.
 
It was established by agreement between the parties (plus Switzerland) to arrangements after World War I for payment of reparations by Germany to the principal allied victors. Its mandate and membership was extended and it now a principle hub of cooperation between central banks and non-central-bank bank supervisors generally.




== See also ==
== See also ==
* [[Central bank]]
* [[Capital account]]
* [[Markets Committee]]

Revision as of 14:00, 14 May 2014

Economics.

As used in the national balance of payments, that section which records all transactions in goods and services between one country and the rest of the world.


See also

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