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1 results

  • 7 - Releasing the BIS Credit (May 29–June 5)

  • Per H. Hansen, Copenhagen Business School
  • Book:
    There Will Be the Devil to Pay
    Published online:
    21 December 2024
    Print publication:
    09 January 2025, pp 113-131

  • Summary

    In chapter 7, Releasing the BIS credit (May 29 - June 5), the BIS credit of 150 million schilling is released to the ANB as a moratorium is averted and a guarantee. Meantime, the issue of an Austrian government loan, re-emerges and it becomes clear that the French may not be able to or wanting to take the lead in organizing the loan. In Basel, the BIS is getting ready for the upcoming board and governors’ meeting, where the decision about another credit to the ANB will have to be discussed. Rodd prepares several notes and a plan for the meeting.