Abstract
After the Asian crisis of 1997–98 bank lending to developing countries fell sharply and has since become negative. In June 1998 loans outstanding to developing countries totalled US$924 billion; by December 2000 they had fallen to US$753 billion, an annual decline of 7.9 per cent.1 It is in this context that the implications of the new Basel Capital Accord for developing countries should be assessed. A particular concern is that the new accord may further discourage lending.
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References
Bank of England (2001) Quarterly Bulletin, London: Bank of England, Spring.
Griffith-Jones, S., M. Segoviano and S. Spratt (2002) ‘Basel II and Developing Countries: Diversification and Portfolio Effects’, http://www.ids.ac.uk/intfinance/.
Reisen, H. (2001) ‘Will Basel II Contribute to Convergence in International Capital Flows?’, mimeo, Paris: OECD Development Centre.
Powell, A. (2001) ‘A Capital Accord for Emerging Economies?’, Paper prepared while visiting research fellow at the Financial Sector Strategy and Policy division (World Bank), Bueros Aires: Universidad Torcuato Di Tella, http://www.utdt.edu/~apowell/Capaccord.pdf.
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© 2003 United Nations University
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Griffith-Jones, S., Spratt, S. (2003). The New Basel Capital Accord and Developing Countries: Issues, Implications and Policy Proposals. In: Ffrench-Davis, R., Griffith-Jones, S. (eds) From Capital Surges to Drought. Studies in Development Economics and Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9781403990099_10
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DOI: https://doi.org/10.1057/9781403990099_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51272-0
Online ISBN: 978-1-4039-9009-9
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