Pro-Cyclicality – Discussion of the problem and possible solutions

Tuesday, May 6th, 2008

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 is in the middle of an upswing, when some argue that is ...

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Corporate Governance and International Standards – Paper by Kern Alexander and Rahul Dhumale

Monday, April 21st, 2008

In 2001, Kern Alexander and Rahul Dhumale published a paper on the relevance of International Standards for the Corporate Governance of Financial Institutions. Both the BCBS and the OECD have released Corporate Governance Principles (the OEDC in 2004, the BCBS in 2006) building on previous work. As the authors point out, corporate ...

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