The 1988 Basel I Accord created a level playing field for international banks in terms of a minimum recommended amount of capital.It was probably the most successful financial standard ever conceived. More than 100 countries claimed to have implemented the agreement, and in many countries it was applied to all banks. Basel II was agreed upon in 2004. Many of its 216 pages … [Read more...] about Basel III and Financial Reforms: What Should Emerging Economies Do?
Around 11 years ago, two leading economists who had been collaborating for years surveyed the current state of continuing education in economics and saw a large gap. There were lots of programs providing formal education. But there were virtually none offering mid-career professionals the latest tools for dealing with financial issues in emerging markets in a compact format. … [Read more...] about Unique Opportunity to Delve into Macroeconomics at Columbia University
Columbia University and the Inter-American Development Bank (IDB) are offering the next edition of their popular executive course on macro-financial policymaking in emerging markets from April 23-27 in New York. Open to policymakers from developing world governments, as well as economists working in international financial institutions and investment bankers, the intensive … [Read more...] about IDB-Columbia Course for Policymakers Opens for Applications
For Latin Americans, there are few memories as nightmarish as the "lost decade" of the 1980s, with its flagging growth and soaring levels of foreign debt, inflation and unemployment. Today, those days are gone. Dictatorships are no longer the norm. In most of the region, governing institutions have improved, and economic policymaking is generally more responsible, with stricter … [Read more...] about Tackling the Vulnerability to Economic Crisis
Applications are now open for the executive program on macro-financial policymaking in emerging markets, jointly organized by Columbia University and the Inter-American Development Bank (IDB). Policymakers from emerging economies worldwide are welcome to apply to the course that will take place in New York on April 24-28. The IDB will offer tuition waivers to up to 15 … [Read more...] about Applications Open for the IDB-Columbia Executive Course for Policymakers