Article: A road to financial stability

File Download Links for fulltext
(May Require Subscription)
  • Find via
Supplementary

  • Basic View
  • Metadata View
  • XML View
TitleA road to financial stability
AuthorsAshraf, U
Gill, IM
Arner, DW
KeywordsFinancial Crises
International Financial Markets
Government Policy and Regulation
Regulation of International Financial Institutions
Issue Date2011
PublisherInstitute for Business and Finance Research. The Journal's web site is located at http://www.theibfr.com/gjbr.htm
CitationGlobal Journal of Business Research, 2011, v. 5 n. 5, p. 71-79 [How to Cite?]
AbstractThis article provides a road map to financial stability. The roadmap is created by analyzing successive episodes of financial crisis at various points in time and the regulatory-cum-supervisory responses devised to reduce the chance of future threats to systemic stability. This article provides a glimpse of historical events that led to the establishment of Basel Committee and then critically evaluates committee’s efforts to make financial markets more certain and secure. This article also highlights the efforts of supervisory authorities in creating an effective regulatory framework through the Basel Capital accords. A critique of the Basel accords is sketched showing how Basel I and Basel II did not help contain successive episodes of financial crisis. This paper also draws upon Basel III regulations currently under deliberation and highlights vulnerable areas that may continue to threaten systemic stability even after the implementation of Basel III.
ISSN1931-0277
DC Field
Value
dc.contributor.authorAshraf, U
dc.contributor.authorGill, IM
dc.contributor.authorArner, DW
dc.date.accessioned2011-06-22T06:35:11Z
dc.date.available2011-06-22T06:35:11Z
dc.date.issued2011
dc.description.abstractThis article provides a road map to financial stability. The roadmap is created by analyzing successive episodes of financial crisis at various points in time and the regulatory-cum-supervisory responses devised to reduce the chance of future threats to systemic stability. This article provides a glimpse of historical events that led to the establishment of Basel Committee and then critically evaluates committee’s efforts to make financial markets more certain and secure. This article also highlights the efforts of supervisory authorities in creating an effective regulatory framework through the Basel Capital accords. A critique of the Basel accords is sketched showing how Basel I and Basel II did not help contain successive episodes of financial crisis. This paper also draws upon Basel III regulations currently under deliberation and highlights vulnerable areas that may continue to threaten systemic stability even after the implementation of Basel III.
dc.identifier.citationGlobal Journal of Business Research, 2011, v. 5 n. 5, p. 71-79 [How to Cite?]
dc.identifier.epage79
dc.identifier.hkuros196355
dc.identifier.issn1931-0277
dc.identifier.issue5
dc.identifier.openurl
dc.identifier.spage71
dc.identifier.urihttp://hdl.handle.net/10722/134612
dc.identifier.volume5
dc.languageeng
dc.publisherInstitute for Business and Finance Research. The Journal's web site is located at http://www.theibfr.com/gjbr.htm
dc.relation.ispartofGlobal Journal of Business Research
dc.subjectFinancial Crises
dc.subjectInternational Financial Markets
dc.subjectGovernment Policy and Regulation
dc.subjectRegulation of International Financial Institutions
dc.titleA road to financial stability
dc.typeArticle