In order to analyze the impact of the new banking capital regulation (Basel II) on the business cycle in an emerging economy, I develop a duopoly model composed of domestic and foreign banks. The principal results are: by the conduct of new banking capital regulation, the assessment of credit...

En los últimos 25 años, más de 130 países han presentado crisis bancarias o serios problemas bancarios, con un coste fiscal elevado. El origen de estas crisis ha estado en un diseño deficiente de la regulación bancaria y/o en la falta de credibilidad de las políticas económicas...

The paper addresses two core questions: do recommendations have an impact on the allocation of flows in the asset class? Above all, are we facing in this asset class major problems of asymmetries of information? In order to answer these questions, we used untapped and rich datasets. We...