An Asian Perspective on Global Financial Reforms

22 Pages Posted: 22 Aug 2013

Date Written: August 22, 2013

Abstract

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

Morgan, Peter J. and Pontines, Victor, An Asian Perspective on Global Financial Reforms (August 22, 2013). ADBI Working Paper 433, Available at SSRN: https://ssrn.com/abstract=2314234 or http://dx.doi.org/10.2139/ssrn.2314234

Peter J. Morgan (Contact Author)

ADBI ( email )

Kasumigaseki Building 8F 3-2-5
Kasumigaseki, Chiyoda-ku
Tokyo, 100-6008
Japan

Victor Pontines

Asian Development Bank Institute ( email )

Kasumigaseki Building 8F 3-2-5
Kasumigaseki, Chiyoda-ku
Tokyo, 100-6008
Japan

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