An Asian Perspective on Global Financial Reforms
22 Pages Posted: 22 Aug 2013
Date Written: August 22, 2013
The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and liquidity rules. Overall, the authors find that the Basel III capital adequacy rules are likely to have limited impacts on economic growth in Asia, but other financial regulations, including liquidity standards and rules for over-the-counter (OTC) derivatives, could have stunting effects on financial development in the region.
Keywords: asian economies, financial institutions, global financial reforms, basel iii, capital adequacy rules, liquidity rules, otc derivatives
JEL Classification: E17, G01, G18, G21
Suggested Citation: Suggested Citation