The Magic Lever
Donald MacKenzie: How the Banks Do It, 9 May 2013
“... industrial countries, were then pressured or persuaded into agreement, a process described by Charles Goodhart in his book on the history of the committee.2 At the core of the 1988 Basel Accord on Capital Adequacy (‘Basel I’, as it is now known) is an apparently straightforward rule, named for the then chair of the Basel Committee, the Bank of ... ”