Procyclicality of Financial Systems in Asia

2006. Auflage 2006
ISBN: 978-1-4039-8751-8
Verlag: Palgrave MacMillan UK

Buch, Englisch, 182 Seiten, Format (B × H): 146 mm x 225 mm, Gewicht: 349 g

Reihe: Procyclicality of Financial Systems in Asia

Procyclicality of the financial system is a feature of any normally functioning economy. However, procyclicality can sometimes become 'excessive' leading to undesired effects on the real economy. The challenge that this volume addresses is to define 'excessive' and to identify policy actions that could produce superior outcomes.

Zielgruppe

Research

Autoren/Hrsg.

Gerlach, S.

Gruenwald, P.

Inhaltsverzeichnis

Foreword Introduction; S.Gerlach & P.Gruenwald Procyclicality and Volatility in the Financial System: The Implementation of Basel II and IAS 39; A.Taylor & C.Goodhart Comments on 'Procyclicality and Volatility in the Financial System: The Implementation of Basel II and IAS 39'; D.Burton, W.A.Ryback & J.Viñals Sources of Procyclicality in East Asia Financial Systems; R.S.Craig, E.P.Davis & A.G.Pascual Comments on "Sources of Procyclicality in East Asia Financial Systems"; H.Mingzhi & T.Wantanagase Procyclical Financial Behaviour: What Can be Done?; P.Lowe & G.Stevens Comments on "Procyclical Financial Behaviour: What Can be Done?"; M.Gudmundsson, E.Hirano & A.Sheng

Über Autor(innen)

DAVID BURTON Director, Asia and Pacific Department, International Monetary Fund (IMF), USA
R. SEAN CRAIG Senior Economist, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA
E. PHILIP DAVIS Professor of Economics and Finance, Brunel University, UK
CHARLES GOODHART Professor of Economics, London School of Economics and Political Science, UK
MÁR GUDMUNDSSON Deputy Head, Monetary and Economic Department, Bank for International Settlements, Switzerland
HAN MINGZHI Director-General, International Department, China Banking Regulatory Commission, China
EIJI HIRANO Assistant Governor, Bank of Japan, Japan
STEFAN INGVES former Director, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA
PHILIP LOWE Director General of Competition, European Commission, Italy
ANTONIO GARCIA PASCUAL Western Hemisphere Department, International Monetary Fund (IMF), USA
WILLIAM A. RYBACK Deputy Chief Executive, Hong Kong Monetary Authority, Hong Kong
ANDREW SHENG Chairman, Hong Kong Securities and Futures Commission, Hong Kong
GLENN STEVENS Deputy Governor, Reserve Bank of Australia, Australia
ASHLEY TAYLOR Economics Department, London School of Economics and Political Science, UK
JOSÉ VIÑALS Director General, International Affairs, Banco de España, Spain
TARISA WANTANAGASE Deputy Governor, Financial Institutions Stability, Bank of Thailand, Thailand