Impact of the 1988 Basle Accord on international banks

Article Abstract:

The ostensible purpose of the Basle Accord was to standardize bank-capital regulations among the twelve leading industrial countries. Its ulterior goal was to "level the playing field" by eliminating a funding-cost advantage of Japanese banks that had allowed them to capture more than one-third of international lending. The wealth gain for Japanese bank shareholders was 31.63 percent. Wealth effects for shareholders of non-Japanese banks were not significant. These results suggest that the Basle Accord did not eliminate the pricing advantage of Japanese banks, challenging the non-Japanese regulators' contention that the regulation would help level the playing field. (Reprinted by permission of the publisher.)

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Banking industry, Laws, regulations and rules, Banks (Finance), Banking law, International banking, Bank capital

---

Expectations and the Treasury bill-federal funds rate spread over recent monetary policy regimes

Article Abstract:

This paper shows that the spread between the 3-month Treasury bill and the federal funds rate has significant predictive power for the future change in the federal funds rate during the volatile nonborrowed reserves operating regime, but it has less and no predictive power during the borrowed reserves regime and the federal funds targeting regime, respectively. These findings suggest that Treasury bill rates forecast future federal funds rates most accurately when the Federal Reserve follows a well-defined rule that does not smooth the impact of shocks on the federal funds rate. (Reprinted by permission of the publisher.)

Research, Prices and rates, Economic policy, United States. Federal Reserve Board, Monetary policy, Treasury securities, Federal funds market (United States)

---

Similar abstracts:

• Abstracts: The domino effect and the supervision of the banking system. An analysis of mortgage contracting: prepayment penalties and the due-on-sale clause
• Abstracts: The role of marketing in facilitating the diffusion of microcomputers and "The Information Society". part 2 A transaction cost explanation of vertical control in international markets
• Abstracts: The effect of problem recognition style on information seeking. part 2 Measuring consumer innovativeness
• Abstracts: Developing an effective manufacturing decision support system
• Abstracts: Assessing the risks in off-balance-sheet banking activities. How to choose CPA services for the growing company

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.