Implications of Basel II for Financial Stability - Clouds are Darker for Developing Countries
University of Siena
June 15, 2007
PSL Quarterly Review, Vol. 60. No. 241, pp. 111-135,
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, B5Accepted Paper Series
Date posted: May 14, 2012 ; Last revised: May 28, 2012
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