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The current stage of Basel III application and its consequence on financial stability: evidence from Kosovo
[journal article]
Abstract The study aims to explore the divergences around the implementation of the Basel III agreement, since this agreement is considered the core of the international regulatory response to the financial crisis, setting the strictest criteria for capital structure and risk assessment. This paper explains ... view more
The study aims to explore the divergences around the implementation of the Basel III agreement, since this agreement is considered the core of the international regulatory response to the financial crisis, setting the strictest criteria for capital structure and risk assessment. This paper explains the current level of legislation that applies in Kosovo, as well as possible divergences with the criteria set by Basel III. It is argued that the national authority, explicitly the CBK, to decide on the implementation of Basel III, had to agree on three aspects and potentially conflicting between them: the stability of the banking sector, competition, and care for economic growth. Finally, the study concluded that Kosovo is implementing Basel III regulations with greater ease and attention, contributing to banking sector stability, competitiveness, and economic growth.... view less
Keywords
bank; regulation; capital; risk assessment; legislation; Kosovo
Classification
Economic Policy
Free Keywords
Banking System; Financial Regulation
Document language
English
Publication Year
2022
Page/Pages
p. 153-169
Journal
Journal of Liberty and International Affairs, 8 (2022) 1
ISSN
1857-9760
Status
Published Version; peer reviewed