Theoretical and Applied Economics
No. 6 / 2012 (571)
Basel III – Between Global Thinking and Local Acting
Bucharest Academy of Economic Studies
Dan Costin NIȚESCU
Bucharest Academy of Economic Studies
Abstract. The financial crisis has demonstrated that self-regulation is not sufficient to markets and financial institutions with systemic importance.
Permissive regulatory policies, allowing the development speed of global banking financial system, have played an important role in emphasizing the upward slope of the financial crisis.
The new regulations known as Basel III framework aimed the strengthening of prudential capital and liquidity of financial institutions and create a stronger banking and financial system more resilient to shocks.
Basel III is trying to eliminate the shortcomings of Basel II, by more extensive rules on integrated risk management in banking and financial environment.
Contents
Basel III – Between Global Thinking and Local Acting
Recovery of the Tourism Potential of the Central Development Region. Case Study
Fiscal, Monetary Policies and Institutions’ Role (Political, Social and Economic) in Pakistan
Outsourcing. The Concept
The Analysis of the Ethnical Discrimination on the Manpower’s Market under the Economical Crisis
The Local Development Initiatives in the Rural Development Context
Post-crisis Economy of the European Union in the Global Context
New Approaches to Social Economy
The Role of Accounting and Accounting Law in Establishing Public Economic Policies in the Post-crisis Period
Impact and Limitations Deriving from Basel II within the Context of the Current Financial Crisis
Models of the Economic Growth and their Relevance
The Limit between the Rational and Irrational Behaviour in the Economic Science
The Bureaucracy in the Current Economic Climate
Analysis of the American Economic System – from the Old Capitalism to the New Capitalism
The Economics of State Aid Control in the European Union during the Financial Crisis: the Challenge for a Post-Crisis Rhetoric