Procyclicality of the financial system and financial stability: issues and policy options

By C. Borio, Craig Furfine, Philip W. Lowe. 2001

987 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/055860ca37c6a319428b83fd56a4f33a3b359b7c

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Citations in the corpus

Pro-Cyclical Capital Regulation and Lending (2016, unknown): “…the pro-cyclicality of regulation used simulation models5 or analyzed the effects of business cycles on aggregate buffers.6 Our findings confirm the warnings regarding Basel II capital regulation by policy analysts such as Borio et al. (2001), Goodhart et al. (2004), and Gordy and Howells (2006).”
Macroprudential Policy - A Literature Review (2012, unknown): “The time series dimension captures the evolution of risk over time, i.e. the procyclicality of risk (BIS, 2001; Borio et al., 2001; Danielsson et al., 2001; Borio and Zhu, 2008; Brunnermeier et al, 2009, Brunnermeier and Pedersen, 2009; Shin, 2009).7 Saurina and Trucharte (2007) and Repullo et al.…”
Mitigating the pro-cyclicality of basel II (2010, background): “…capital regulation had the potential to be pro-cyclical because bank profits may turn negative during recessions, impairing banks’ lending capacity (Borio et al., 2001; Gambacorta and Mistrulli, 2004).4 Under the IRB approach of Basel II, capital requirements are an increasing function of the PD,…”
Housing markets and the financial crisis of 2007-2009: lessons for the future (2010, background): “16 For example, see Titman (1985), Mayo and Sheppard (1991, 1996), Bramley (1993a,b), Evans (1996), Mayer and Somerville (2000a,b), Malpezzi and Maclennan (2001), Swank et al.”
Determinants of International Bank Lending to Emerging Market Countries (2002, unknown): “See Borio et al (2001) for a more extensive discussion.”
Towards a Macroprudential Framework for Financial Supervision and Regulation (2003, unknown): “A detailed discussion of this point can be found in Borio et al (2001) .”
Bank Risk and Monetary Policy (2010, unknown): “12 For a review of the market discipline literature, see Borio et al. (2004) and Kaufman (2003).”
Bank provisioning behaviour and procyclicality (2005, background): “provisioning, supporting the views of Borio et al. (2001) and Lowe (2002) that risks are built up”
The institutional memory hypothesis and the procyclicality of bank lending behavior (2002, unknown): “The paucity of data available to bank managers across business cycles may also be a contributing factor, making it particularly difficult for them to assess the systematic component of risk in their portfolios (e.g., Borio, Furfine, and Lowe 2001).”
Assessing the risk of banking crises (2002, methodology): “For an elaboration of this view, see eg Borio et al (2001), Lowe (2002) and BIS (2001). deteriorating economic fundamentals ... ... similar exposures across financial institutions ... ... vulnerabilities that build up over time linked to a financial cycle ... BIS Quarterly Review, December 2002…”
Whither monetary and financial stability? the implications of evolving policy regimes (2004, unknown): “33 The role played by this type of uncertainty is discussed in more detail in Borio et al (2001).”