cyclicality

• As I see it, the financial system here is replete with balance sheet pro-cyclicality, which the government has not directly addressed (in fact many of their interventions increase the risk) and so China runs the risk of a big, —  SeekingAlpha.com: Home Page
• The strongest element of counter-cyclicality in China is probably government ownership and control of the banks, but even this is counter-cyclical only up to a point, beyond which it becomes massively pro-cyclical - for example if problems in the banking system ever threaten government credit, which is why I have always advised anyone who will listen that the government should be very sparing in its willingness implicitly or explicitly to guarantee credit risk. —  SeekingAlpha.com: Home Page
• "We have to correct systematically as much as we can the pro-cyclicality," Mr. Trichet added, referring to the tendency of investors to exacerbate booms and busts by becoming too exuberant when times are good and behaving too cautiously when things turn bad. —  The Globe and Mail - Home RSS feed
• The pro-cyclicality of capital requirements being the idea that capital requirements under Basel II change to fit economic conditions, as discussed in a December 2007 paper by the Bank of England. —  pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator
• In short they argue that counter-cyclicality makes volatility positive rather than negative. —  Grist - the Latest from Grist

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