Journal of
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Archive » November 2016 » The risk of pro-cyclicality

The risk of pro-cyclicality

Fabio Scacciavillani
November 2016 - n. 11
Jel codes: G10, G20

Basel 2 (evolving towards Basel 3) is a system based on strict prudential requirements that can amplify fluctuations and represent a significant element of pro-cyclicality.

 

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