In this context, the issue of procyclicality has emerged as a central concern that needs to be monitored because of its impact on financial stability (see "Will Basel II Help Prevent Crises or Worsen ...

Federal Reserve Governor Michelle Bowman called for reforms to reduce volatility, increase transparency and address overlaps ...

The World Bank's Prospects Group conducts in-depth analysis of key global macroeconomic developments and their impact on World Bank member countries. The Prospects Group leads the World Bank’s ...

This issue of The Journal of Risk covers anti-procyclicality risk-control tools in central counterparty setups, the estimation of multifactor default correlations, the impact of the Basel Fundamental ...

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The strong procyclicality of the price of labor calls for other forces for cyclical labor demand to explain employment fluctuations. Barlevy, Gadi. 2002. "The Sullying Effect of Recessions." Review of ...

The authors claim that such a methodology is important for reducing procyclicality of the capital requirement. The authors mathematically define "degree of point in time" of a rating model and "state ...

Better regulation can help A major problem is that existing regulatory tools do not dampen the procyclicality of financial markets and the buildup of leverage. In fact, quite the opposite. Prudential ...