The New Basel Capital Accord: Structure, possible Changes, micro- and macroeconomic Effects, Centre for European Policy Studies

Brussels. Its mission is to produce sound policy research leading to constructive solutions to the challenges facing Europe. CEPS Research Reports review work in progress in the European Union and usually focus on topics of special interest to the financial and banking sectors. As a research institute, CEPS takes no position on matters of policy. The views expressed are entirely those of the author. Andrea Resti is Associate Professor of Mathematical Finance a