Results 71 to 80 of about 1,860 (237)
Business Cycle and Bank Capital Regulation: Basel II Procyclicality [PDF]
This paper studies the impacts of bank capital regulation on business cycle fluctuations. To do so, we adopt the Bernanke et al. (1999) "financial accelerator" model (BGG), to which we augment a banking sector to study the procyclical nature of Basel II ...
Guangling (Dave) Liu, Nkhahle E. Seeiso
core +1 more source
Procyclicality in the banking industry: causes, consequences and response [PDF]
Procyclicality is an inherent feature of the real and especially the financial sector of an economy, which has been highlighted by the recent crisis.
Ioannis Daniilidis +1 more
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The evolution and heterogeneity of credit procyclicality in Central and Eastern Europe [PDF]
, 2020 This article presents empirical estimates of bank credit procyclicality for a sample of 11 Central and Eastern European countries (CEECs) for the period 2000Q1–2016Q4.
Reigl, Nicolas +5 more
core +1 more source
Simulation-based stress testing of banks’ regulatory capital adequacy [PDF]
Banks’ holding of reasonable capital buffers in excess of minimum requirements could alleviate the procyclicality problem potentially exacerbated by the rating-sensitive capital charges of Basel II.
Peura, Samu, Jokivuolle, Esa
core +2 more sources
Credit procyclicality and financial regulation in South Africa
South African Journal of Economic and Management Sciences, 2016 This study assesses the behaviour of credit extension over the business cycle in South Africa for the period 2000 to 2012. This is motivated by the proposal of the Basel Committee on Banking Supervision to look at credit extension over the business cycle
James Bernstein +2 more
doaj +1 more source
Macroprudential Policy in the Euro Area
Journal of Money, Credit and Banking, EarlyView.Abstract This paper examines the development and impact of macroprudential policies in the euro area. We construct a novel index that captures the stance of macroprudential policy, and we highlight its main stylized facts since the inception of the euro in 1999. We combine a narrative approach and a structural VAR method to show that both unanticipated
ÁLVARO FERNÁNDEZ‐GALLARDO +1 more
wiley +1 more source
Bank procyclicality and output: Issues and policies [PDF]
, 2013 The recent global financial crisis has highlighted the importance of the procyclicality of the financial sector. The procyclicality has transformed banks from mitigation mechanisms to amplifiers of changes in economic activity, potentially affecting ...
Ioannis, Daniilidis +2 more
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Policy Biases in a Model with Labor‐Market Frictions
Journal of Money, Credit and Banking, EarlyView.Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley +1 more source
On the link between credit procyclicality and bank competition [PDF]
This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on the 1986-2009 period. We account for heterogeneity among countries in terms of bank competition through the use of a hierarchical ...
Antonia López-Villavicencio +2 more
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Journal of Economic Surveys, EarlyView.ABSTRACT The post‐pandemic inflationary spike brought inflation back to the forefront of academic research. In the debate about the origin and nature of the 2020s inflation, economists have been divided into the following two main camps: the demand‐pull camp, which attributed inflation to excess demand and linked it to fiscal and monetary stimulus put ...
Vicente Ferreira
wiley +1 more source