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For instance, the Macroeconomic Assessment Group study (MAG (2010)) showed that the impact of the transition to Basel III capital requirements was net positive in the long run.
Macroeconomic Assessment Group (2010)(e) 17.3 [5.1, 25.0] -1.4 [-0.7, -3.6]
(e) The Macroeconomic Assessment Group (MAG) analysed the impact of the transition to Basel III across a range of alternative models, calibrated across a wide variety of jurisdictions (including the United Kingdom).
Annex 2.2 in MAG (2010)), with the maximum and minimum reported in square brackets.
Macroeconomic Assessment Group (2010), Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements: Interim Report, Bank for International Settlements, August.
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