NACEUR, SAMY BEN; KANDIL, MAGDA - In: Middle East Development Journal (MEDJ) 05 (2013) 02, pp. 1350014-1
In 1988, an agreement was reached in Basel to set the common requirements of bank capital towards promoting the soundness and stability of the international banking system. Banks are required to hold capital in proportion to their perceived credit risks, which may have caused a "credit crunch,"...