Countercyclical capital buffers: credit-to-GDP ratio versus credit growth

Ibáñez-Hernández, Francisco J.; Peña-Cerezo, Miguel A.; Araujo, Andrés

doi:10.1080/13504851.2014.946174

Cited by 8 publications

(4 citation statements)

References 12 publications

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“…Kaufmann and Kugler (2010) also estimate real GDP on the basis of the development of M3, including the aspect of cointegration of the given variables. This idea is supported by Holtemöller (2004), who sets the time delay of the monetary policy tools on product changes at six quarters.…”

Section: Jan čErnohorskýmentioning

confidence: 99%

Types of bank loans and their impact on economic development: a case study of the Czech republic

Černohorský¹

2017

E+M

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Section: Jan čErnohorskýmentioning

confidence: 99%

Types of bank loans and their impact on economic development: a case study of the Czech republic

Černohorský¹

2017

E+M

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“…Most of these publications are devoted to diagnosing the stability of financial markets and financial systems. Financial market stability analyses are often based on either interest rate analysis [31][32] or identifying phases of the credit cycle [33][34][35]. The stability of financial systems, particularly the banking sector, is also a prominent research area.…”

Section: -Literature Reviewmentioning

confidence: 99%

Financial Development Strategies: Defining Objectives and Priorities

Gospodarchuk,

Zeleneva

2023

Emerg Sci J

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In recent years, scientific and practical interest in the strategic management of countries' financial development has grown significantly. However, an analysis of publications on this topic indicates the absence of a methodology to make strategic decisions on the formation of goals and priorities for financial development. The purpose of this study is to develop a methodology for the strategic management of the financial development of countries. The study uses methods of systemic, comparative, GEP analysis, and a rule-based judgment method. The result of the study is the development of a concept that allows defining strategy, quantified strategic goals and priorities for financial development, and its testing in OECD countries. The novelty of the research lies in the systematic approach to the formation of strategic goals and priorities based on the System of National Accounts, the multi-level system of key indicators of financial development, criteria formalizing alternative strategies, and rules for making strategic decisions. This is the first time such a concept has been proposed. The advantages of the developed concept are high representativeness, objectivity, and a wide range of applications. Its use will improve the quality of strategic management of countries' financial development and ensure transparency in government decisions. Doi: 10.28991/ESJ-2023-07-06-09 Full Text: PDF

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“…Second, research on the stability of financial markets is carried out mainly in two directions: on the basis of interest rate analysis [ 30 , 35 ] and on the basis of identification of the credit cycle phase [ 32 , 36 – 40 ]. At the same time, within the framework of the second direction, models for assessing the cyclic components of the credit GAP or its transformations, as well as early warning models are distinguished.…”

Section: Literature Reviewmentioning

confidence: 99%

Stability of financial development: Problems of measurement, assessment and regulation

Господарчук

Zeleneva

2022

PLoS ONE

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Adequate measurement, assessment, and regulation of financial development stability are key components, the formation of effective macroprudential policies, and the coordination of these policies among countries. However, an analysis materials on the subject shows that work in this area is fragmented,. In this regard, the purpose of this study is to develop a methodology for diagnosing and regulating the stability of financial development based on a systematic approach. The study used systematic, comparative, and GEO analysis, econometric methods. As a result, new indicators have been developed to diagnose the financial development of countries. The authors also propose criteria, which could be used to signal the need for countercyclical regulation tools. The novelty of the study lies in a systematic approach to the diagnosis and regulation of the stability of financial development. The systemic nature of the study is ensured by the application of the statistical framework of the System of National Accounts. Testing of the developed indicators and criteria was carried out in relation to the OECD+ (Organisation for Economic Co-operation and Development) countries for the period 2007–2020. As a result of the testing, a rating of countries was built according to the level of stability of financial development. This rating highlighted leading countries as well as countries generating systemic risks. The study also assessed the legal grounds behind the introduction of a countercyclical markup by a number of countries. The new diagnostic and regulatory system has a number of advantage—it is highly representative and objective by nature, and has a wide range of applications. The use of this system will improve the complexity and quality of diagnosing and regulating the stability of financial development at the national and global levels, as well as increase the effectiveness of public decision-making.

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Countercyclical capital buffers: credit-to-GDP ratio versus credit growth

Cited by 8 publications

References 12 publications

Types of bank loans and their impact on economic development: a case study of the Czech republic

Types of bank loans and their impact on economic development: a case study of the Czech republic

Financial Development Strategies: Defining Objectives and Priorities

Stability of financial development: Problems of measurement, assessment and regulation

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