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International Financial Co-Operation

Political Economics of Compliance with the 1988 Basel Accord

By Bryce Quillin

Routledge – 2008 – 240 pages

Series: Routledge International Studies in Money and Banking

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    978-1-13-880542-2
    June 22nd 2014
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    978-0-415-77288-4
    February 14th 2008

Description

The Basel Accord - now commonly referred to as "Basel I" - has exerted a profound influence on international financial politics and domestic prudential financial sector regulatory policy yet great controversy has always surrounded the Accord’s impact on the safety and competitiveness of the world’s largest financial institutions and the evolution of trans-national regulatory convergence.

The author provides a comprehensive examination of the impact of the 1988 Basel Accord on the capital adequacy regulations of developed economies. The study seeks to understand if the Accord affected broad or isolated convergence of 18 developed states' bank credit risk regulations from 1988 to 2000, and also to understand what political economic variables influenced levels of regulatory isomorphism. Quillin creates a quantitative database of developed states’ interpretations of the Basel rules which shows that some persistent distinction remained in the way states implemented the Accord. He also explores why convergence emerged among a subset of states, yet not others, by testing a battery of political economic explanations.

Contents

1. Introduction Part 1: Historical and Theoretical Perspectives on the 1988 Basel Accord 2. Political Economy of the 1988 Basel Accord and Capital Adequacy Regulation 3. Theorizing Degrees of Compliance with the Basel Accord Part 2: Quantitative Studies 4. Measuring Implementation and Explanatory Variables 5. Explaining Implementation-Quantitative Tests Part 3: Case Studies 6. Implementation of the Basel Accord in the United States 7. Implementation of the Basel Accord in Europe: The Case of France and Germany 8. Implementation of the Basel Accord in Japan 9. Conclusions and Extensions

Author Bio

Bryce Quillin is Economist at the World Bank, USA.

Name: International Financial Co-Operation: Political Economics of Compliance with the 1988 Basel Accord (Hardback)Routledge 
Description: By Bryce Quillin. The Basel Accord - now commonly referred to as "Basel I" - has exerted a profound influence on international financial politics and domestic prudential financial sector regulatory policy yet great controversy has always surrounded the...
Categories: International Economics, Banking, Banking & Finance Law, International Law - Law, Global Governance