Raberto, Marco; Teglio, Andrea; Cincotti, Silvano - Departament d'Economia, Universitat Jaume I - 2012
Basel III is a recently-agreed regulatory standard for bank capital adequacy with focus on the macroprudential dimension of banking regulation, i.e., the system-wide implications of banks' lending and risk. An important Basel III provision is to reduce procyclicality of present banking...