Les accords de bâle II: Quelles conséuences pour le financement bancaire extérieur des pays émergents?

Abstract

International banking credit is a major way for emerging countries to finance development and growth. The aim of this article is to study the responsibility of the Basle capital requirements in developed countries in the nature of the banking foreign claims towards emerging debtors. We find evidence that Basle I makes developed countries to reduce the credit supply but to increase short term claims in foreign currencies. The Asian crisis is the proof that the latter are a very destabilising source of funds. Then, we argument, with a simulation of the IRB models, that the foreign banking borrowing conditions for emerging debtors will not be improved by Basle II. So emerging countries are penalised.