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Procyclicality of Financial Systems in Asia

By: S. Gerlach (Author) , P. Gruenwald (Author)

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Ksh 16,650.00

Format: Hardback or Cased Book

ISBN-13: 9781403987518

Publisher: Palgrave USA

Publication Date: Jun 28th, 2006

Weight: 374 grams

Dimension: 22.40 x 16.20 x 1.70 cms

Category: Monetary economics

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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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