{"id":107410,"date":"2024-01-22T15:12:02","date_gmt":"2024-01-22T14:12:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/107410\/"},"modified":"2026-02-17T16:31:07","modified_gmt":"2026-02-17T15:31:07","slug":"the-new-basel-capital-accord-basel-ii-from-a-macroeconomic-point-of-view-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/107410\/","title":{"rendered":"The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-107410","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The current capital accord (\"Basel I\") has been found inadequate in strengthening the stability of the international banking system. Its undifferentiated and inexact registration of credit risks and the breakneck pace of introducing innovative financial tools have greatly impaired its effectiveness. The new capital proposals prepared by the Basel Committee on Banking Supervision (\"Basel II\") provide, i.a., for improved methods of risk evaluation, which, however, may trigger undesirable effects at a macroeconomic level. Such effects may reach dimensions that could well endanger the aim of achieving a sustained strengthening of the international financial system.","onlinedate":"2003-06-06 02:00:00","lang":"English","publication_series":"","publication_date":"20030601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Basel Capital Accord; Supervision; Capital requirement; Austria\"]","jelcodes":"[]","related_publications":"[]","pdf":441245,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/24158","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"8","monthly_report_pages":"51-63","monthly_report_pages_sort":"51","issue":"2","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3925],"persons_data":"[{\"personId\":3925,\"personName\":\"Franz R. Hahn\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Hahn, F. R.<\\\/span> (2003). <span>The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>8<\\\/em>(2), 51-63. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24158\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24158<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Hahn FR<\\\/span>. <span class=\\\"title\\\"><span>The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2003 Jun;8(2):51-63.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{09d93f43e6524c86be20a69884016c4c,<\\\/div><div>  title    = \\\"The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View\\\",<\\\/div><div>  abstract = \\\"The current capital accord ({\\\"}Basel I{\\\"}) has been found inadequate in strengthening the stability of the international banking system. Its undifferentiated and inexact registration of credit risks and the breakneck pace of introducing innovative financial tools have greatly impaired its effectiveness. The new capital proposals prepared by the Basel Committee on Banking Supervision ({\\\"}Basel II{\\\"}) provide, i.a., for improved methods of risk evaluation, which, however, may trigger undesirable effects at a macroeconomic level. Such effects may reach dimensions that could well endanger the aim of achieving a sustained strengthening of the international financial system.\\\",<\\\/div><div>  keywords = \\\"Basel Capital Accord; Supervision; Capital requirement; Austria, Basel Capital Accord; Supervision; Capital requirement; Austria\\\",<\\\/div><div>  author   = \\\"Hahn, \\\\{Franz R.\\\\}\\\",<\\\/div><div>  note     = \\\"Capital Requirements for Banks (Basel II)\\\",<\\\/div><div>  year     = \\\"2003\\\",<\\\/div><div>  month    = jun,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"8\\\",<\\\/div><div>  pages    = \\\"51--63\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View<\\\/p><p>AU  - Hahn, Franz R.<\\\/p><p>N1  - Capital Requirements for Banks (Basel II)<\\\/p><p>PY  - 2003\\\/6<\\\/p><p>Y1  - 2003\\\/6<\\\/p><p>N2  - The current capital accord (\\\"Basel I\\\") has been found inadequate in strengthening the stability of the international banking system. Its undifferentiated and inexact registration of credit risks and the breakneck pace of introducing innovative financial tools have greatly impaired its effectiveness. The new capital proposals prepared by the Basel Committee on Banking Supervision (\\\"Basel II\\\") provide, i.a., for improved methods of risk evaluation, which, however, may trigger undesirable effects at a macroeconomic level. Such effects may reach dimensions that could well endanger the aim of achieving a sustained strengthening of the international financial system.<\\\/p><p>AB  - The current capital accord (\\\"Basel I\\\") has been found inadequate in strengthening the stability of the international banking system. Its undifferentiated and inexact registration of credit risks and the breakneck pace of introducing innovative financial tools have greatly impaired its effectiveness. The new capital proposals prepared by the Basel Committee on Banking Supervision (\\\"Basel II\\\") provide, i.a., for improved methods of risk evaluation, which, however, may trigger undesirable effects at a macroeconomic level. Such effects may reach dimensions that could well endanger the aim of achieving a sustained strengthening of the international financial system.<\\\/p><p>KW  - Basel Capital Accord; Supervision; Capital requirement; Austria<\\\/p><p>KW  - Basel Capital Accord; Supervision; Capital requirement; Austria<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 8<\\\/p><p>SP  - 51<\\\/p><p>EP  - 63<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/107410\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/107410\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-17T15:31:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107410\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107410\\\/\",\"name\":\"The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View - 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