Since 1990, major banking and current crises have occurred in many countries throughout the world - including Mexico and Latin America in 1994-95, East Asia in 1997-98, and Russia and Brazil in 1998 - with large costs both to the individual countries experiencing the crises and to other nations....

[eng] Winners and losers resulting From the implementation of Basel I . Not long after the implementation of Basel I in 1990, several countries experienced sharp declines in bank lending and weak aggregate economic growth. Several commentators attributed the decline in bank lending to the...