PSL Quarterly Review, Vol. 60. No. 241, pp. 111-135,
26 Pages Posted: 14 May 2012 Last revised: 28 May 2012
Date Written: June 15, 2007
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.
Keywords: financial crisis, instability, Basel, international finance
JEL Classification: F3, G1, N1, B5
Suggested Citation: 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: https://ssrn.com/abstract=2057528