kaal:claim:1806252-001

Contrary to critics who blame the Basel Accords, harmonization through Basel II is not what made banks hold similar assets; banks held similar assets because those assets were profitable.

harmonization through Basel II that made banks hold similar assets: banks held similar assets because of the profitability of these assets.

Kaal, Hedge Fund Regulation Via Basel III (2011), V.4 Hedge Fund Regulation via Basel III, p. 71
https://ssrn.com/abstract=1806252 · source PDF

Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252

mechanismsupport: arguedsystemic-riskrisk-and-incentiveseconomics

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