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Basel-II: International Competition Issues

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  • Gottfried Haber

Abstract

Basel-II has been thoroughly discussed, both in Europe and in the US. While the discussion several years ago focused mainly on the expected cost due to the implementation of Basel-II on the individual bank level, the recent discussion pays increasing attention to international competition issues, as Europe is implementing the new capital accord rather quickly, while in the US there is significant doubt, whether Basel-II might cause severe disadvantages. This article highlights some topics, which may be important to assess the overall competition effects of Basel-II. Surprisingly, there are relatively few features of Basel-II that might lead to major disturbances in international competition, even if Basel-II will be implemented by some countries, while others choose not to do so. Copyright International Atlantic Economic Society 2007

Suggested Citation

  • Gottfried Haber, 2007. "Basel-II: International Competition Issues," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(4), pages 383-389, December.
    • Handle: RePEc:kap:atlecj:v:35:y:2007:i:4:p:383-389
    DOI: 10.1007/s11293-007-9096-4
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    References listed on IDEAS

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    1. Merton, Robert C, 1974. "On the Pricing of Corporate Debt: The Risk Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 29(2), pages 449-470, May.
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    Cited by:

    1. Ana Paula Matias Gama & Helena Susana Amaral Geraldes, 2012. "Credit risk assessment and the impact of the New Basel Capital Accord on small and medium‐sized enterprises," Management Research Review, Emerald Group Publishing Limited, vol. 35(8), pages 727-749, July.

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    More about this item

    Keywords

    Basel-II; Financial institutions; International competition; Banking; Capital market regulation; F33; F34; G18; G21; G38;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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