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Engineering the Financial Crisis

By: Jeffrey Friedman (Author) , Wladimir Kraus (Author)

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Ksh 10,150.00

Format: Hardback or Cased Book

ISBN-13: 9780812243574

Publisher: University of Pennsylvania Press

Publication Date: Oct 24th, 2011

Dimension: 22.90 x 15.20 x 49.80 cms

Category: Financial services law & regulation

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This study examines the role of the Basel Accords-a set of international standards regulating bank capital-in the global financial crisis. It argues that because the accords were so widely adopted, they effectively homogenized the banking industry, increasing the systemic risk they were intended to prevent.

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