No ‘credit crunch' in the Middle East after Basel I, IMF paper finds
Macroeconomic variables appear to be more dominant in determining credit growth than capital adequacy in the Middle East - regardless of variation across banks by nationality and ownership, a recent IMF research paper shows.
Despite fears of a significant reduction in the supply of credit following the implementation of the 1988 Basel I Accord - which require banks to hold capital in proportion to their perceived credit risks - Sami Ben Naceura and Magda Kandlib find in Basel Capital
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