Tower of Basel by Adam LeBor

Tower of Basel by Adam LeBor

The Bank for International Settlements in Basel is the central bank for central banks. It is immune from national law, its staff have diplomatic protection, and almost nobody outside finance knows it exists.

LeBor documents its founding in 1930, its conduct during the Second World War — including the transfer of Czechoslovak gold to the Reichsbank after the invasion — the American attempt to abolish it in 1944, and its central role in building the euro. It is reported history rather than speculation, from archives and interviews.

The first full journalistic history of the world's most secretive financial institution.

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