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An Asian Perspective on Global Financial Reforms

Author

Listed:
  • Morgan, Peter J.

    (Asian Development Bank Institute)

  • Pontines, Victor

    (Asian Development Bank Institute)

Abstract

The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and liquidity rules. Overall, the authors find that the Basel III capital adequacy rules are likely to have limited impacts on economic growth in Asia, but other financial regulations, including liquidity standards and rules for over-the-counter (OTC) derivatives, could have stunting effects on financial development in the region.

Suggested Citation

  • Morgan, Peter J. & Pontines, Victor, 2013. "An Asian Perspective on Global Financial Reforms," ADBI Working Papers 433, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0433
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    References listed on IDEAS

    as
    1. Viral V. Acharya, 2012. "The Dodd-Frank Act and Basel III : Intentions, Unintended Consequences, and Lessons for Emerging Markets," Finance Working Papers 23352, East Asian Bureau of Economic Research.
    2. Andre O Santos & Douglas Elliott, 2012. "Estimating the Costs of Financial Regulation," IMF Staff Discussion Notes 12/11, International Monetary Fund.
    3. Mr. Scott Roger & Mr. Jan Vlcek, 2011. "Macroeconomic Costs of Higher Bank Capital and Liquidity Requirements," IMF Working Papers 2011/103, International Monetary Fund.
    4. repec:fip:fedgsq:y:2005:i:mar10 is not listed on IDEAS
    5. Eufrocinio M. Bernabe, Jr. & Jami’ah Jaffar, 2013. "Gauging the Macroeconomic Impact of Basel III on Malaysia," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp87.
    6. Mr. Andre O Santos & Douglas Elliott, 2012. "Estimating the Costs of Financial Regulation," IMF Staff Discussion Notes 2012/011, International Monetary Fund.
    7. John B. Taylor, 2009. "The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong," NBER Working Papers 14631, National Bureau of Economic Research, Inc.
    8. Robert-Paul Berben & Beata Bierut & Jan Willem van den End & Jan Kakes, 2010. "Macro-effects of higher capital and liquidity requirements for banks," DNB Occasional Studies 803, Netherlands Central Bank, Research Department.
    9. Patrick Slovik & Boris Cournède, 2011. "Macroeconomic Impact of Basel III," OECD Economics Department Working Papers 844, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mrs. Vanessa Le Lesle & Ms. Franziska L Ohnsorge & Minsuk Kim & Srikant Seshadri, 2014. "Why Complementarity Matters for Stability—Hong Kong SAR and Singapore as Asian Financial Centers," IMF Working Papers 2014/119, International Monetary Fund.
    2. Ahmad Sahyouni & Man Wang, 2022. "Bank capital and liquidity creation: evidence from Islamic and conventional MENA banks," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 12(3), pages 291-311.

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    More about this item

    Keywords

    asian economies; financial institutions; global financial reforms; basel iii; capital adequacy rules; liquidity rules; otc derivatives;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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