Tag Archives for George G. Pennacchi
Pro-Cyclicality – Discussion of the problem and possible solutions
How to define pro-cyclicality Procyclicality is used in the context of discussing the effects of Basel II on the financial system. A simplified definition of pro-cyclicality is: International rules have encouraged banks to act more aggressively when the economic cycle … Continue reading →
06. May 2008 by kasi
Categories: Discussions |
Tags: basel II, bis, central banks, Claudio Borio, Craig Furfine, credit rating agencies, definition, Dimitrios P Tsomocos, Eva Catarineu-Rabell, financial regulation, financial stability, fsa, George G. Pennacchi, ias, iasb, Jose Vinals, monetary policy, Nancy Masschelein, Patricia Jackson, Philip Lowe, Philip Turner, pro-cyclicality, regulators, subprime crisis, William R White |
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