The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, and Lessons for Emerging Markets
30 Pages Posted: 29 Oct 2012
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: Suggested Citation
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