# kaal:claim:3405660-033

**Claim.** The Basel Framework reduces systemic risk by regulating bank credit standards, which indirectly constrains hedge fund leverage and makes credit markets safer.

**Type.** mechanism  **Support.** argued

**Source quote.**

> Systemic risk problems are addressed because the Basel Framework regulates the credit standards of banks but indirectly also hedge funds' level of leverage. Hence, credit markets are saver.

**From.** Kaal, *Indirect Regulation of Hedge Funds* (2019), V. Conclusion, page 25

**Cite as.** Kaal, Indirect Regulation of Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3405660

**Verify.** sha256 of source PDF `cf507b1833071765bc13a5605f38c2591582eca85f40869e38b6ff075c04d29d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Indirect%20Regulation%20of%20Hedge%20Funds.pdf

**Topics.** systemic-risk, risk-and-incentives

**Keywords.** systemic-risk, credit-standards, leverage, basel-framework

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2714974-032
- extends: https://wulfkaal.github.io/claims/2470008-005

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.