Abstract
The topic of managing procyclicality of the financial system is an important and challenging issue for central bankers and academics alike. Recurring episodes of financial sector crisis in the 1980s and 1990s, and its widely acknowledged role in exacerbating both cyclical upturns and downturns, requires us to contemplate practical countermeasures to mitigate procyclical tendencies in the financial sector.
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© 2006 International Monetary Fund
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Watanagase, T. (2006). Comments on “Sources of Procyclicality in East Asian Financial Systems”. 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_8
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DOI: https://doi.org/10.1057/9781137001535_8
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)