Global Banking and Systemic Risk

Dimitris N. Chorafas

Chapter 3 in Basel III, the Devil and Global Banking, 2012, pp 40-59 from Palgrave Macmillan

Abstract: Abstract The aim of this section is not to ‘structure reality’ but to restructure around reality the business of global finance as distinct from, but related to, international trade. The distinction that keeps these two notions apart is important precisely because it permits us to look at Basel III with the proper perspective. Quite often, there is confusion between global banking and international trade, even though each has its own set of risks and therefore requirements for regulation, and any successful regulation of global banking has to take note of the specific characteristics of financial markets and their instruments (Chapter 11.

Keywords: Monetary Policy; Systemic Risk; Hedge Fund; Financial Stability; Credit Institution (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-35842-3_3

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DOI: 10.1057/9780230358423_3

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