The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, and Lessons for Emerging Markets

30 Pages Posted: 29 Oct 2012

See all articles by Viral V. Acharya

Viral V. Acharya

New York University (NYU) - Leonard N. Stern School of Business; New York University (NYU) - Department of Finance; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI); National Bureau of Economic Research (NBER)

Date Written: October 28, 2012

Abstract

This paper is an attempt to explain the changes to finance sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and lessons for currently fast-growing emerging markets concerning finance sector reforms, government involvement in the finance sector, possible macroprudential safeguards against spillover risks from the global economy, and, finally, management of government debt and fiscal conditions.

Keywords: Dodd-Frank Act, United States, Basel III requirements, macroprudential regulation, finance sector

JEL Classification: G2, G21, G28

Suggested Citation

Acharya, Viral V. and Acharya, Viral V., The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, and Lessons for Emerging Markets (October 28, 2012). ADBI Working Paper 392, Available at SSRN: https://ssrn.com/abstract=2168006 or http://dx.doi.org/10.2139/ssrn.2168006

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