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...

Africa has a long tradition of regional cooperation, its trade and monetary integration schemes being the oldest in the developing world. This paper analyses the state of regional integration with respect to trade and financial relations in selected regional schemes in Central, Southern and West...

This paper analyses the impact of the global financial crisis on Brazil, India and South Africa whose financial markets have shown strong resilience to the global financial turmoil. The paper shows, that in contrast to advanced countries in these emerging market economies there is contagion from...