Procyclicality of Financial Systems in Asia /

The procyclicality of financial systems has received an increasing amount of attention from policymakers, academics, and international organizations in recent years. This heightened interest stems from a combination of the ongoing globalization of finance, the role of the financial sector in various...

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Bibliographic Details
Main Author: Gerlach, Stefan
Other Authors: Gruenwald, Paul
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Online Access:Full text available on IMF
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245 1 0 |a Procyclicality of Financial Systems in Asia /  |c Stefan Gerlach, Paul Gruenwald. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (182 pages) 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The procyclicality of financial systems has received an increasing amount of attention from policymakers, academics, and international organizations in recent years. This heightened interest stems from a combination of the ongoing globalization of finance, the role of the financial sector in various emerging market crises in the late 1990s, and the potential impact on financial sectors of the upcoming implementation of the Basel II accord. Some degree of financial sector procyclicality is a characteristic of any normally functioning economy. At issue is whether the observed procyclicality is excessive. The challenge is to define "excessive" and to identify policy measures that could produce superior economic outcomes. This volume attempts to do so by collecting recent work on procyclicality in Asian financial systems. For more information on how to purchase a copy of this title, please visit http://www.palgrave.com/economics/imf/index.asp. 
538 |a Mode of access: Internet 
700 1 |a Gruenwald, Paul. 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/books/072/05444-9781403987518-en/05444-9781403987518-en-book.xml  |z IMF e-Library