Basel III: Is the Cure Worse than the Disease?

Allen, William A.; Chan, Ka Kei; Milne, Alistair; Thomas, Steve

doi:10.2139/ssrn.1688594

Cited by 43 publications

(37 citation statements)

References 14 publications

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“…As showed in Table 1, we focus mostly on lender-based measures 5 that are already defined under Pillar I 6 , by emphasizing the "green potential" they entail. Indeed, we point out that the existing capital requirements could make banks more hesitant towards green lending, and liquidity requirements could penalize long-term loans (Blundell-Wignall and Atkinson, 2010; Allen et al, 2012;Angelini et al, 2015). It is thus important to change their impact in order to achieve the above-discussed objectives.…”

Section: Financial Regulation and Climate Changementioning

confidence: 97%

Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?

D’Orazio¹,

Popoyan

2019

Ecological Economics

207

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. AbstractWhile there is a growing debate among researchers and practitioners on the possible role of central banks and financial regulators in supporting a smooth transition to a low-carbon economy, the information on which macroprudential instruments could be used for reaching the "green structural change" is still quite limited. Moreover, the achievement of climate goals is still affected by the so-called "green finance gap". The paper addresses these issues by proposing a critical review of existing and novel prudential approaches to incentivizing the decarbonization of banks' balance sheets and align finance with sustainable growth and development objectives. The analysis carried out in the paper allows understanding under which conditions macroprudential policy could tackle climate change and promote green lending, while containing climate-related financial risks. JEL Classification: E50, E52, G28, Q50, Q58

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Section: Financial Regulation and Climate Changementioning

confidence: 97%

Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?

D’Orazio¹,

Popoyan

2019

Ecological Economics

207

View full text Add to dashboard Cite

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“…As for the specific effects of Basel III regulation, Allen et al (2012) and Angelini et al (2015) argue that the long-term benefits of Basel III implementation can be associated with short-term costs, as banks may constrain the volume of credit to SMEs. Relatedly, BCBS (2016) surveys the literature on the effect of Basel III capital requirements on bank lending.…”

Section: Literature Reviewmentioning

confidence: 99%

Basel III Implementation and SME Financing: Evidence for Emerging Markets and Developing Economies

Fisera

Horváth

Melecký³

2019

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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“…Nem tisztázott például, hogy milyen egyéb nem szándékolt következményei lehetnek a reformnak, például a finanszírozási formák átalakulása vagy a kockázatok innovatív módon történő kezelése vonatkozásában [Al-Darwish et al, 2011]. Kétségesnek bizonyult az is, hogy az előírt elveket egységesen adaptálja-e majd a pénzügyi szolgáltatói szektor mindenütt a világon [Allen et al, 2012]. E folyamat ellentmondásaira az unió gyakorlata is egyértelmű példát szolgáltatott.…”

Section: A Bankunió Egységes Szabálykönyve éS Az Egységes Felügyeletunclassified

Az európai bankunió politikai gazdaságtana

Benczés¹

2020

RETP

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Basel III: Is the Cure Worse than the Disease?

Cited by 43 publications

References 14 publications

Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?

Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?

Basel III Implementation and SME Financing: Evidence for Emerging Markets and Developing Economies

Az európai bankunió politikai gazdaságtana

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