Abstract
The procyclicality of financial systems has received an increasing amount of attention from policy-makers, academics and international organizations in recent years. This heightened interest stems from a combination of the ongoing globalization of finance, the role of the financial sector in various emerging market crises in the late 1990s and the potential impact on financial sectors of the upcoming implementation of the Basel II Accord.
We would like to thank Sean Craig of the IMF for his contribution to this Introduction.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Bank for International Settlements (2001) “Marrying the Macro-and Microprudential Dimensions of Financial Stability,” BIS Working Paper No. 1.
Bank for International Settlements (2005) “Investigating the Relationship Between the Financial and Real Economy,” BIS Working Paper No. 22.
Borio, Claudio (2003) “Towards a Macro-prudential Framework for Financial Supervision and Regulation?” BIS Working Paper No. 128.
Borio, Claudio, Craig Furfine and Philip Lowe (2001) “Procyclicality of the Financial System and Financial Stability: Issues and Policy Options,” BIS Working Paper No. 1.
Borio, Claudio and Philip Lowe (2002) “Asset Prices, Financial and Monetary Stability: Exploring the Nexus,” BIS Working Paper No. 114.
Borio, Claudio and William White (2004) “Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes,” BIS Working Paper No. 147.
Editor information
Editors and Affiliations
Copyright information
© 2006 International Monetary Fund
About this chapter
Cite this chapter
Gerlach, S., Gruenwald, P. (2006). Introduction. In: Gerlach, S., Gruenwald, P. (eds) Procyclicality of Financial Systems in Asia. Procyclicality of Financial Systems in Asia. Palgrave Macmillan, London. https://doi.org/10.1057/9781137001535_1
Download citation
DOI: https://doi.org/10.1057/9781137001535_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-54700-1
Online ISBN: 978-1-137-00153-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)