Most explanations of the crisis of 2007-2009 emphasize the role of the preceding boom in real estate and asset markets in a variety of advanced countries. As a result, an idea that is gaining support among various groups is how to make Basel II or any regulatory regime less pro-cyclical. This paper addresses the rationale for and likely contribution of such policies. Making provisioning (or capital) requirements countercyclical is one way potentially...
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INFORMACIÓN
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2010/02/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS5198
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1
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1
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2010/07/01
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Disclosed
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Safe and sound banking : a role for countercyclical regulatory requirements ?
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Finance & Private Sector Development