VoxEU Talk
Basel III: ‘The only game in town’
Hyun Song Shin of Princeton University talks to Viv Davies about his current work on global liquidity and highlights the paradox of how the US, while being the largest net debtor in the world, is also a substantial net creditor in the global banking system. They also discuss the Basel III requirements, bank capital ratios and the lending capacity of bank equity. Shin stresses the importance of international coordination to the success of financial and regulatory reform. The interview was recorded in Washington DC in March 2011 at the IMF conference, ‘Macro and Growth Policies in the Wake of the Crisis’.
