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Basel standards, solution or cause of financial instability?

Author

Listed:
  • Rainer Masera

    (Università Guglielmo Marconi di Roma e membro del Gruppo de Larosière)

Abstract

The Basel Agreements, designed to pursue financial stability, have been instead a cause of instability, revealing fundamental analytical and operational weaknesses. The idea to define a constant capital ratio through complex statistical models implies serious dangers. A radical change is therefore necessary, starting with the adoption of circuit breakers to prevent credit crunch and the worsening of recession in Europe

Suggested Citation

  • Rainer Masera, 2012. "Basel standards, solution or cause of financial instability?," BANCARIA, Bancaria Editrice, vol. 1, pages 02-29, January.
    • Handle: RePEc:ban:bancar:v:01:y:2012:m:january:p:02-29
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/2598/bancaria-n-1-2012
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    More about this item

    Keywords

    Basilea 3; crisi finanziaria; circuit breakers;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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