Tower of Basel: The Shadowy History of the Secret Bank that Runs the World
A Political Salon with Adam LeBor
Monday, June 10, 2013
6:30 PM – 8:00 PM
Since its creation in 1930 as a bank for central bankers, the Bank of International Settlements (BIS) has been at the heart of global events and will continue to have the power to shape the world of global finance. Based in Basel, Switzerland, the BIS has just 140 customers but tremendous influence –though its warnings ahead of the 2008 financial crisis went unheeded. For decades the BIS provided behind-the-scenes support for the creation of a trans-European currency, from early attempts to harmonize exchange rates in the 1940s to the creation of the Euro.
Author Adam LeBor’s new book, Tower of Basel, examines the pivotal role in the financial and political history of the last century, during the economic crisis, and in efforts to shape a new global financial and regulatory architecture.
In this Political Salon, he suggests ways in which the bank could better serve the world instead of itself. This Political Salon will be moderated by Michele Wucker.
About the Speaker
Adam LeBor is an author, journalist, and literary critic based in Budapest. He writes for the Economist, The Times (London), Monocle, and numerous other publications, and also reviews for the New York Times and the Financial Times. He has been a foreign correspondent since 1991, covering the collapse of Communism and the Yugoslav wars, and has worked in more than thirty countries. He is the author of seven nonfiction books, including the ground-breaking Hitler’s Secret Bankers and City of Oranges, and two novels.
About the Moderator
Michele Wucker, President of the World Policy Institute is the author of LOCKOUT: Why America Keeps Getting Immigration Wrong When Our Prosperity Depends on Getting It Right and Why The Cocks Fight: Dominicans, Haitians and the Struggle For Hispaniola. She is a 2009 Young Global Leader of the World Economic Forum and a 2007 Guggenheim Fellow. She is widely published and quoted on immigration and the global economy, among other issues.
About the Sponsors
The World Policy Institute is an ideas incubator focused on emerging global challenges, thinkers, and solutions. World Policy fellows, events, policy development and media outreach, alongside our flagship World Policy Journal, provide a forum for solution-directed policy analysis and debate in support of a sustainable market economy, effective governance, and broadened security strategies.
The Political Salon – organized by Steve Sokol since 2003 to promote dialogue among the next generation of leaders in business, policy, and the media – regularly convenes a diverse group of young professionals to discuss a range of foreign policy issues and global affairs. Attendees are diverse in terms of nationality, profession, and political persuasion.
With special thanks the Heinrich Böll Foundation for supporting the Political Salon.