Procyclicality of Financial Systems in Asia

  • Stefan Gerlach
  • Paul Gruenwald

Part of the Procyclicality of Financial Systems in Asia book series (IMF)

About this book


Procyclicality of the financial system is a feature of any normally functioning economy. However, procyclicality can sometimes become 'excessive' leading to undesired effects on the real economy. The challenge that this volume addresses is to define 'excessive' and to identify policy actions that could produce superior outcomes.


Asia Basel II East Asia economy IAS volatility

Editors and affiliations

  • Stefan Gerlach
  • Paul Gruenwald
    • 1
  1. 1.Monetary and Financial Systems DepartmentInternational Monetary FundUSA

Bibliographic information