期刊名称：Topics in Middle Eastern and North African Economies
出版年度：2018
卷号：20
页码：136
出版社：Loyola University Chicago
摘要：The Basel III Countercyclical Capital Buffer framework has been designed to increase the resilience of the banking sector in periods of upturns in the financial cycle. The main idea is to control banking systems procycical properties which reiterates amplifies risk perception during both in times of distress and buoyant economic activity. Moreover, create a buffer to serve as a shock absorber during downturns. Basel Committee on Banking Supervision’s this regulatory standard built itself on five principles where two of them is related to the estimation of financial cycle. In addition, according to this estimated cycle, a regulatory rule is to be introduced. This study describes the estimation of financial cycle to determine counter cyclical capital buffer for Turkey and tries to build on this methodology by proposing an alternative financial condition index.
关键词：Financial cycle; Business Cycle; Financial Condition Index
