Money in different currencies

New paper from Emily Jones and Alexa Zeitz

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GEG Director Emily Jones and Pre-doctoral Research Fellow Alexa Zeitz have published a new paper in the Journal of Financial Regulation. 

The Limits of Globalizing Basel Banking Standards shows that the implementation of Basel II and III is shallow and highly selective in most countries outside of the Basel Committee on Banking Supervision, and attribues this to the complexity of the standards and the fact that they need substantial modification before they can be fully implemented, particularly in developing countries. Implementation challenges are compounded by gaps in the financial market infrastructure, notably credit rating agencies, as well as shallow capital markets.

Read more here.