ABSTRACT

In order to corroborate and elaborate upon the hypotheses of implementation identified in previous chapters, it is necessary to study cases in which we observe strict and liberal interpretations of the Basel Accord. In studying these varying degrees of Basel compliance with the case study method, I will look not only at a static measure of implementation severity, but observe how implementation has changed over time (1988-2002) and how the explanatory variables fare in explaining such change. The selection of the cases was thus made with the aim of maximizing the variation on the dependent variables, namely the severity of the sample states’ interpretation of the Basel rules, as well as variation on driver variables that may be associated with differentiated state responses to the 1988 Accord.