Bank procyclicality and output: Issues and policiesJournal of Economics and Business - Tập 72 - Trang 58 - 2014
Delis Manthos D., Athanasoglou Panayiotis P., Daniilidis Ioannis
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 financial stability and economic growth. The causes of procyclicality can be attributed to market imperfections and deviations from the efficient mark...... hiện toàn bộ
#Banking #Procyclicality #Demand and supply of loans #Capital requirements #Basel II and III