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The unequal effect of new banking rules in Europe

Author

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  • Benedicta Marzinotto
  • Jörg Rocholl

Abstract

In this paper, Benedicta Marzinotto and Jörg Rocholl focus on the tightening of credit conditions for banking rules (Basel III), particularly the estimated macroeconomic costs range, monetary policy and the aggregate costs of the measures. The authors report that the monetary policy response to these changes is not likely to be accommodating and that the aggregate costs of the measures will be differently distributed across countries depending on a variety of issues.

Suggested Citation

  • Benedicta Marzinotto & Jörg Rocholl, 2010. "The unequal effect of new banking rules in Europe," Policy Contributions 464, Bruegel.
    • Handle: RePEc:bre:polcon:464
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