Cincotti, Silvano; Raberto, Marco; Teglio, Andrea - In: Revue de l'OFCE N° 124 (2012) 5, pp. 205-234
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...