Capital, confiance et compétitivité dans le secteur bancaire
Revue d'économie financière, 2013, vol. N° 112, issue 4, 175-194
This paper provides an analysis of the Basle Committee. It argues that the whole process of capital regulation led to an unintentional erosion of capital and, ultimately, trust in the Continental European banking industry. Thus, the Basle process effectively has been successful in eliminating the competitive advantage of well capitalized banking systems of the early 1980s, especially those of Japan and Germany. This is a surprising development since well capitalized banks historically did, and according to recent studies still do enjoy competitive advantages in their respective markets. Moreover, resiliency, stability and trust of depositors is largely based on stable balance sheets. By way of concluding the paper argues in favor of strengthening bank balance sheets and in favor of rewarding solid financing strategies. Quantitative easing and expansive monetary policies effectively subsidize less subsidized competitors and reduce the taste for resilient balance sheets. Classification JEL: G21, G28.
JEL-codes: G21 G28 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_112_0175
Access Statistics for this article
More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().