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 ...

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 ...

Measured by the labor's user cost, the price of labor is substantially more pro-cyclical than the new-hire wage or the average wage. The strong procyclicality of the price of labor calls for other ...

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

Receive timely updates on the global economy.

They should, therefore, be a central element of an integrated policy response. Better regulation can help A major problem is that existing regulatory tools do not dampen the procyclicality 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 ...