The bank for international settlements in recent years

Few theorists have recognized the actual importance of the Bank for International Settlements for a number of reasons. The Bank has lost some of its early functions and has not yet developed some of its more important potentialities. In spite of the difficulties leading to the cessation of most of its international debt work, it has carried on continously, making a profit and expanding its research. Its most important accomplishments, however, have been in the field of conferences between financial and banking leaders who have come to the meeting in Basle. This work has not been recognized, since by the nature of the case, the deliberations have been confidential. Many important discussions have occured and problems affecting the entire economic well-being of Europe have been canvassed. The Bank has trained an expert staff amd his developed non-political traditions which place it strategically where it may assist in stabilizing and rationalizing political and economic tendencies in order to make possible a larger element of cooperation between nations.