Implications of Basel II for Financial Stability - Clouds are Darker for Developing Countries

Tonveronachi, Mario

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Implications of Basel II for Financial Stability - Clouds are Darker for Developing Countries

Mario Tonveronachi

University of Siena

June 15, 2007

PSL Quarterly Review, Vol. 60. No. 241, pp. 111-135,

Abstract:
The paper analyzes the effectiveness and efficiency of Basel II as a tool to promote resilience financial. In assessing the criticisms of the New Accord. Basel II is not necessary nor a sufficient condition for reach the systemic financial stability, especially under conditions of weak institutions and of macroeconomic policies. it is concluded that developing countries should strive to create new agreements based on international parity conditions (level playing field) defined in terms of stability.

Number of Pages in PDF File: 26

Keywords: financial crisis, instability, Basel, international finance

JEL Classification: F3, G1, N1, B5

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Date posted: May 14, 2012 ; Last revised: May 28, 2012

Suggested Citation

Tonveronachi, Mario, Implications of Basel II for Financial Stability - Clouds are Darker for Developing Countries (June 15, 2007). PSL Quarterly Review, Vol. 60. No. 241, pp. 111-135, . Available at SSRN: http://ssrn.com/abstract=2057528

Contact Information

Mario Tonveronachi (Contact Author)

University of Siena ( email )

Piazza San Francesco 7
Siena, 53100
Italy