Implicazioni di Basilea II per la stabilità finanziaria. Le nuvole si addensano sui paesi in via di sviluppo.
DOI:
https://doi.org/10.13133/2037-3651/10379Keywords:
Basilea II, paesi in via di sviluppoAbstract
Placing Basel II in the perspective of the more general trend in financial regulation, the paper analyses its efficacy an efficiency as a device ti foster financial resiliency. In assessing the criticism levelled against the New Accord, special attention is devoted to the case of the emerging countries. I suggest that Basel II is neither a sufficient, nor a necessary condition to attain systematic financial stability, especially in weak institutional and macro-policy environments. Taking also into account just how complex and onerous the scheme is, I conclude that the emerging countries should look for new international institutional arrangements based on the principle of a stability level playing field.
JEL Codes: E44, F53, G21, G28, O16
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