The macroeconomic implications of the new Basel accord

Literaturverz. S. 230-232

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Bibliographische Detailangaben
Veröffentlicht in:	CESifo GmbH CESifo economic studies
1. Verfasser:	Tanaka, Misa (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2003
Schlagworte:	Basler Akkord > Kreditgeschäft > Welt > Wirkungsanalyse > Aufsatz in Zeitschrift
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Beschreibung
Zusammenfassung:	Literaturverz. S. 230-232 This paper assesses the macroeconomic implications of Basel II in light of recent development in the literature. It argues that although Basel II is likely to strengthen banks' incentives to control their risk-taking, it may reduce credit supply to certain borrowers, such as small- and medium-sized enterprises (SMEs) and firms based in developing countries. Furthermore, Basel II may increase procyclical fluctuation of bank loans while weakening the monetary transmission mechanism during recessions. A widespread adoption of the "trough-the cycle" risk models may mitigate these problems, but not completely eliminate them. This papaer also considers whether monetary policy can be used to counter effectively the procyclicality problem inherent in Basel II.
Beschreibung:	in: CESifo Economic Studies
ISSN:	1610-241X