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The Role Of Basel Iii - In Monetary And Financial Activity

Author

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  • ELEODOR ALIN MIHAI

    (UNIVERSITATEA DIN CRAIOVA, ROMANIA)

Abstract

The question of whether there is a trade-off between monetary and financial stability has been one of the most interesting areas of research for banking in recent times. Monetary stability is synonymous with price stabilityi. Price stability refers to a stable price level or a low level of inflation and not to stable individual prices. There is no doubt that relative price changes play a crucial and beneficial role in economic adjustment and decision-making by individual actors, whether they are companies or households. Basel III is a key element of the Basel Committee's responses to the global financial crisis. It addresses several shortcomings in the pre-crisis regulatory framework and provides a basis for a resilient banking system that will help prevent the accumulation of systemic vulnerabilities.

Suggested Citation

  • Eleodor Alin Mihai, 2020. "The Role Of Basel Iii - In Monetary And Financial Activity," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 105-111, June.
    • Handle: RePEc:cbu:jrnlec:y:2020:v:3:p:105-111
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