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Procyclicality of Financial Systems in Asia, Paperback / softback Book

Procyclicality of Financial Systems in Asia Paperback / softback

Edited by S. Gerlach, P. Gruenwald

Part of the Procyclicality of Financial Systems in Asia series

Paperback / softback

Description

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.

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