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Gaston Gelos (born Rafael Gaston Gelos) is a German-Uruguayan economist. [1] [2] He joined the International Monetary Fund (IMF) in 1998 and has served as the Assistant Director of the Western Hemisphere Department since October 2022, where he was the Mission chief for Mexico.
The BIS hosts and supports a number of international institutions engaged in standard setting and financial stability, one of which is BCBS. Yet like the other committees, BCBS has its own governance arrangements, reporting lines and agendas, guided by the central bank governors of the G10 countries.
The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. [2] Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. [3] With its establishment in 1930 it is the oldest international financial institution.
The recommendation from the central bankers' central bank, as the BIS is known, comes as markets wait to see whether the U.S. Federal Reserve starts its long-awaited rate cutting cycle this week ...
They are called the Basel Accords as the BCBS maintains its secretariat at the Bank for International Settlements in Basel, Switzerland and the committee normally meets there. The Basel Accords is a set of recommendations for regulations in the banking industry .
According to Scopus, the journal has a 2024 CiteScore of 2.3, ranking 172th out of 317 journal in the category "Finance". [5]According to Raphael Auer, Giulio Cornelli and Christian Zimmermann, the journal is the most influential journal of economics published by policy institutions, followed by BIS Quarterly Review and IMF Economic Review.
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. [1] In contrast to a commercial bank , a central bank possesses a monopoly on increasing the monetary base .
In September 2021, the Bank for International Settlements (BIS), in collaboration with Thailand, Hong Kong, China, and the UAE, published a report regarding the second phase of the mBridge project, aiming to establish a system involving multiple CBDCs to enable faster, more cost-effective, and efficient methods for conducting cross-border ...