Results 91 to 100 of about 1,860 (237)

Procyclicality as a source of systemic risk?

, 2020
This paper deals with procyclicality from both accounting and systemic risk point of view. The Basel Committee of Banking Supervision has called for amends in the accounting standards as there are several accounting issues affecting the business cycle ...
Petr Teply, Petra Sobotnikova, Libena Cernohorska   +2 more
core  

Rent seeing distortions and fiscal procyclicality [PDF]

, 2006
Recent research has demonstrated that while government expenditures are countercyclical in most industrialized countries, they tend to be procyclical in developing countries.
Ilzetzki, Ethan
core  

THE PRO-CYCLICALITY OF LOAN LOSS PROVISIONS: EVIDENCE FROM SELECTED EAST ASIAN COUNTRIES

International Journal of Management Studies, 2017
This study investigated the evidence of pro-cyclical behaviour of loan loss provision in four East Asian countries, namely Malaysia, Thailand, Singapore, and Hong Kong for the period 1995-2009.
Azira Abdul Adzis
doaj   +3 more sources

The Impulsive Approach to procyclicality; measuring the reactiveness of risk-based initial margin models to changes in market conditions using impulse response functions

Borsa Istanbul Review
In recent years, many derivatives market participants received large margin calls in episodes of elevated market volatility such as the onset of the Covid-19 global pandemic and the illegal Russian invasion of Ukraine.
Pedro Gurrola-Pérez, David Murphy
doaj   +1 more source

Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes

Metroeconomica, EarlyView.
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley   +1 more source

Comparing Credit Procyclicality in Conventional and Islamic Rural Bank: Evidence from Indonesia

Al-tijary, 2018
Financial instability has been caused by many factors, one of which is the pro-cyclicality of credit expansion. Many empirical studies in developed countries proved that excessive credit during economic booms would be accompanied by financial crisis.
Arif Widodo, Mahrus Lutfi Adi Kurniawan
doaj   +1 more source

Procyclicality of financial systems: is there a need to modify current accounting and regulatory rules? [PDF]

Financial systems have an intrinsic tendency to exacerbate business cycle fluctuations rather than smoothing them out. The current crisis is a perfect illustration of this.
Rochet, J C.
core  

This time truly is different: The cyclical behaviour of fiscal policy during the Covid-19 crisis. [PDF]

J Macroecon, 2023
Heimberger P.
europepmc   +1 more source

Contractionary Effects of Devaluation and the Balance Sheet Effect in a Macroeconomic Model With Heterogeneous Firms

Metroeconomica, EarlyView.
ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues, Lílian Rolim, Laura Carvalho   +2 more
wiley   +1 more source

Macroeconomic Effects of Public Investment in EMDEs: Nonlinear Effects of the Business Cycle, Fiscal Space, Capital Stock and Efficiency

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT The paper examines the macroeconomic effects of public investment in emerging market and developing economies (EMDEs). To this end the analysis develops a new measure of public investment shocks based on cyclically adjusted government investment.
Amat Adarov, Benedict Clements, João Tovar Jalles   +2 more
wiley   +1 more source