Procyclicality of financial systems in asia
Éditeur :
Palgrave USA
ISBN :
9781403987518
Date de publication :
28 juin 2006
Dimensions :
21,6 x 14,0 cm
Langue :
Anglais
Pays d'origine :
USA
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.