Neuberger, Doris; Rissi, Roger - In: Journal of Banking and Financial Economics 1 (2014) 1, pp. 4-27
The macroprudential regulatory framework of Basel III imposes the same minimum capital and liquidity requirements on all banks around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that this is not a robust framework to achieve...
