Electronic Resource
Bradford
:
Emerald
Journal of financial regulation and compliance
10 (2002), S. 162-167
ISSN:
1358-1988
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
This paper examines the implications for bank regulatory and monetary policy of the business cycle; the nature of which is being transformed by the forces of globalisation and the communication and information technology revolution. Asset price fluctuations and overinvestment appear to have become more common, and 'cheap money' has been a causal factor. More risk-related 'Basel' bank capital adequacy requirements, combined with more rigorous bad loan provisioning policies and 'marking to market' will result in bank regulation amplifying cycles. Hence, monetary policy must be closely coordinated with bank regulation policy to attenuate the cycle and the impact of asset price fluctuations.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/13581980210810175
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