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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

<a href="/cs/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamické modely v ekonomii</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Eastern European Economics

ISSN

0012-8775

e-ISSN

—

Svazek periodika

54

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

23

Strana od-do

296-318

Kód UT WoS článku

000381409800002

EID výsledku v databázi Scopus

2-s2.0-84979644211