EconPapers    
Economics at your fingertips  
 

The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View

Franz Hahn

Austrian Economic Quarterly, 2003, vol. 8, issue 2, 51-63

Abstract: The current capital accord ("Basel I") has been found inadequate in strengthening the stability of the international banking system. Its undifferentiated and inexact registration of credit risks and the breakneck pace of introducing innovative financial tools have greatly impaired its effectiveness. The new capital proposals prepared by the Basel Committee on Banking Supervision ("Basel II") provide, i.a., for improved methods of risk evaluation, which, however, may trigger undesirable effects at a macroeconomic level. Such effects may reach dimensions that could well endanger the aim of achieving a sustained strengthening of the international financial system.

Keywords: Basel Capital Accord; Supervision; Capital requirement; Austria (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/24158 Abstract (text/html)
Payment required

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:wquart:y:2003:i:2:p:51-63

Access Statistics for this article

More articles in Austrian Economic Quarterly from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().

 
Page updated 2022-09-27
Handle: RePEc:wfo:wquart:y:2003:i:2:p:51-63