Capital, Trust and Competitiveness in the Banking Sector

Thomas Gehrig

No 9348, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This note critically assesses the Basel reform process of capital regulation. It highlights the political nature of this process and argues that the absence of clearly spelled-out societal objectives has been detrimental in furthering stability and soundness of the banking systems in the run-up of the 2007/8 financial crisis. The positive externalities of bank capital have not hitherto been explicitly been taken into consideration.

Keywords: Bank capital; Basel process of capital regulation; Trust (search for similar items in EconPapers)
JEL-codes: E58 G01 G21 H63 (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-ban, nep-cba and nep-mac
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Citations: View citations in EconPapers (2)

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