Basel II and the Political Economy of Banking

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Show simple item record Docherty, PT 2010-05-28T09:53:06Z 2008-01
dc.identifier.citation International Journal of Political Economy, 2008, 37 (2), pp. 82 - 106
dc.identifier.issn 0891-1916
dc.identifier.other C1 en_US
dc.description.abstract In January 2008, institutions across the G-lO countries responsible for regulating banks within their jurisdictions implemented the new Basel Capital Accord, now commonly known as Basel II. This new standard for bank regulation replaces the first Basel Accord adopted in 1988 and introduces several innovations designed to improve the effectiveness of bank regulation and to reduce the likelihood of large bank collapses and the associated possibility of financial instability. Such a new policy framework has important implications for welfare and interest rate policy. A framework that successfully reduces the occurrence of financial crises is also likely to reduce the number of damaging episodes of economic downturn (such as that recently observed in the United States as a result of the subprime crisis) 'and the frequency with which monetary policy needs to be called upon to repair the damage of such downturns. Because interest rates affect the distribution of income, these changes also have potential political economy implications.
dc.publisher M. E. Sharpe
dc.relation.isbasedon 10.1080/09692290.2011.624976
dc.title Basel II and the Political Economy of Banking
dc.type Journal Article
dc.parent International Journal of Political Economy
dc.journal.volume 2
dc.journal.volume 37
dc.journal.number 2 en_US
dc.publocation Ontario, Canada en_US
dc.identifier.startpage 82 en_US
dc.identifier.endpage 106 en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 140212 Macroeconomics (Incl. Monetary and Fiscal Theory)
dc.personcode 000249
dc.percentage 100 en_US Macroeconomics (incl. Monetary and Fiscal Theory) en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Economics
utslib.copyright.status Closed Access 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)

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