Challenges at the Bank for International Settlements

Challenges for governance at central banks.- Insolvency laws – a review of the international dimension.- Collective action clauses: the way forward.- Note on the consequences of a potential default by Argentina to the IMF.- Debt resolution processes for sovereign debt – current policy issues.- The successor states of the former Yugoslavia – mediation under Art. 7, Annex C of the Vienna Agreement on Succession Issues – a major review.- International bank and securities financing in Africa.- The aftermath of the Russian debt crisis.- Banking sector reform in the transition economies – a central banking perspective.- The monetary policy transmission mechanism in Russia.- Exchange rates and monetary policy in central Europe – a survey of some issues.- Financial intermediation: efficiency, fragility and polices for reform.- The monetary policy transmission mechanism in China.- Capital flows in eastern Europe: some lessons from the emerging markets in Latin America and Asia.