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The Pro‐Cyclical Impact of Basel II on Emerging Markets and its Political Economy

Stephany Griffith‐Jones and Avinash Persaud

in Capital Market Liberalization and Development

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199230587
eISBN:
9780191710896
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199230587.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter stresses the importance of banking regulations — and of a well functioning banking system — for economic growth. It examines both positive and problematic features of Basel II, the new ... More


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