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- Title
Dynamic Provisioning: A Buffer Rather Than a Countercyclical Tool?
- Authors
DE LIS, SANTIAGO FERNÁNDEZ; GARCÍA-HERRERO, ALICIA
- Abstract
The article focuses on macroprudential tools and discusses how they can be used to limit credit procyclicality by providing a detailed description of dynamic provisions in Spain. It compares the experience of the Spanish system with those of Colombia and Peru. It compares the cost and benefits of a rules-based system with one that allows for more discretion and concludes that the Spanish macroprudential tool failed to stop excessive credit growth and rising house prices.
- Subjects
SPAIN; COLOMBIA; PERU; GLOBAL Financial Crisis, 2008-2009; BUSINESS cycles; HOME prices
- Publication
Economia, 2013, Vol 13, Issue 2, p35
- ISSN
1533-6239
- Publication type
Article
- DOI
10.31389/eco.122