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Possible Unintended Consequences of Basel III and Solvency IIGregorio ImpavidoInternational Monetary Fund (IMF); World Bank Ahmed I. Al-DarwishInternational Monetary Fund (IMF); Government of the Kingdom of Saudi Arabia - Saudi Arabian Monetary Agency (SAMA) Michael Hafemanaffiliation not provided to SSRN Malcolm Kempaffiliation not provided to SSRN Padraic O'Malleyaffiliation not provided to SSRN August 2011 IMF Working Paper No. 11/187 Abstract: In today’s financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable channels of contagion. Basel III and Solvency II should improve the stability of these connections, but could have unintended consequences for cost of capital, funding patterns, interconnectedness, and risk migration.
Number of Pages in PDF File: 71 working papers seriesDate posted: August 16, 2011Suggested CitationContact Information
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