出版社：Europäisches Institut für Internationale Wirtschaftsbeziehungen, Potsdam
摘要：This article looks into key elements of the Basel II discussions on risk-
adjusted capital adequacy rules. There are some reasons to be sceptical about the
simulations run by the BIS Committee which is based on status quo conditions – thus
ignoring changes in the behaviour of banks after the introduction of Basel II. There is some
risk that Basel II will impair SME financing, and this problem holds particularly for EU
accession countries. Moreover, the agenda of Basel II is incomplete as it ignores the need
to improve supervision of investment banks; US investment banks have in many cases
given fraudulent recommendations to the public in order to stimulate cross-selling, namely
the M&A business; this in turn has reinforced the stock market bubble in the US in the late
1990s and has caused negative international spillovers. We finally present a simple model
that explains why the slope of the interest term structure is a predictor of the business
cycle
关键词：Banking, Financial Markets, Prudential Supervision, Macroeconomics,
International Economics
