English, Article edition: The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View Franz R. Hahn

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Physical Description
  • article
Language
  • English

Edition details

Title
  • The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View
Author
  • Franz R. Hahn
Physical Description
  • article
Notes
  • 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.
  • Basel Capital Accord; Supervision; Capital requirement; Austria
  • RePEc:wfo:wquart:y:2003:i:2:p:51-63
  • The Basel Committee on Banking Supervision and the EU Commission have submitted – widely harmonised – proposals for reforming the capital requirements for banks and investment firms (Basel II). The object of the reform is to strengthen the stability of the financial market by aligning the regulatory capital requirements of banks more closely with underlying risks, especially credit risks, an object that is to be achieved chiefly by the greater use of new risk assessment methods to be applied internally by the banks. Macroeconomic aspects on the regulatory side were, for the time being, almost ignored by both proposals. The resultant consequences that might arise for the overall economy and financial system triggered an intense debate among scientists and politicians which has not yet been settled.
  • Basel II; Eigenkapital-Vereinbarung; Kreditrisiko; Österreich
  • RePEc:wfo:monber:y:2003:i:2:p:137-150
Language
  • English
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