Basel standards, solution or cause of financial instability?

Rainer Masera
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Rainer Masera: Università Guglielmo Marconi di Roma e membro del Gruppo de Larosière

BANCARIA, 2012, vol. 01, 02-29

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

Keywords: Basilea 3; crisi finanziaria; circuit breakers (search for similar items in EconPapers)
JEL-codes: G01 G21 G28 G32 (search for similar items in EconPapers)
Date: 2012
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