A New Measure of the Financial Cycle: Application to the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10331658" target="_blank" >RIV/00216208:11230/16:10331658 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1080/00128775.2016.1192950" target="_blank" >http://dx.doi.org/10.1080/00128775.2016.1192950</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00128775.2016.1192950" target="_blank" >10.1080/00128775.2016.1192950</a>

Result language
angličtina
Original language name
A New Measure of the Financial Cycle: Application to the Czech Republic
Original language description
The recent financial crisis has demonstrated the importance of the linkages between the financial sector and the real economy. This article proposes a suitable and easy-to-apply method for assessing the position of the economy in the financial cycle in order to identify emerging imbalances in a timely manner. The method utilizes a composite indicator, constructed by the authors, that combines variables representing risk perceptions in the financial sector and their reinforcing interactions over the financial cycle. The indicator is calibrated to capture the future credit losses of the Czech banking sector. This method can be used by policymakers for a wide range of policy decisions, including the setting of a countercyclical capital buffer.
Czech name
—
Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Project
<a href="/en/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamic Models in Economics</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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