Tower of Basel

Adam LeBor

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Tower of Basel: The Shadowy History of the Secret by Adam LeBor delves into the fascinating and often secretive world of the Bank for International Settlements (BIS). Known as the central bank for central banks, the BIS operates in relative obscurity, playing a significant yet hidden role in the global financial system. LeBor investigates its history, power, and influence, examining how the institution has shaped international monetary policy and global banking practices while remaining largely outside the public eye. The book uncovers the mystery surrounding its operations and explores the critical decisions made by those behind its walls that have had far-reaching impacts on the global economy.

LeBor takes readers through the often controversial history of the BIS, from its creation in the early 20th century to its role in the financial crises of later decades. With detailed research and interviews, the author sheds light on the murky world of international banking and the secretive relationships between governments, central banks, and the BIS. The book also explores the ethical questions surrounding its operations and its involvement in major political events, including the financing of Nazi Germany during World War II. Tower of Basel is a compelling exploration of one of the world's most powerful, yet least understood, financial institutions.