The New Basel Capital Accord and Developing Countries: Issues, Implications and Policy Proposals

Stephany Griffith-Jones and Stephen Spratt

No DP2002-36, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper argues that, if implemented in its current form, the new Basel Capital Accord will adversely effect developing sovereigns, corporates and banks wishing to borrow in international markets. This impact will result from the major banks' lending patterns being altered by the adoption of internal ratings based approaches, leading to a significant reduction of bank, and/or a sharp increase in the cost of international borrowing for many developing countries.

Keywords: Banking; Business cycles; Risk management (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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