The major target of the new capital accord which was adopted in 2004 and is implemented not before 2007 is to prevent bad banking by introducing more risk-sensitive capital requirements. This paper analyses the impacts of Basel II on developing countries which have been most strongly affected by...

This book argues for a new conceptual framework that analytically distinguishes between North-South monetary co-ordination, which involves an international key currency, and South-South arrangements between economies all marked by external indebtedness and the resulting macroeconomic...

This book brings together two major developments of the past decade: the collapse of the Soviet Union on the political side and "globalization" on the economic side. It shows that both of these drastic changes resulted in an increasing demand for regulation and guidance by international...