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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


Fiscal Institutions and Macroeconomic Management in the United Arab Emirates

Raimundo Soto

in Institutions and Macroeconomic Policies in Resource-Rich Arab Economies

Published in print:
2019
Published Online:
July 2019
ISBN:
9780198822226
eISBN:
9780191861208
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198822226.003.0012
Subject:
Economics and Finance, Macro- and Monetary Economics

The UAE has seemingly escaped “the natural resource curse”: it is one of the richest countries in the world and ranks comparatively highly on business environment, infrastructure, and institutional ... More


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