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- Title
Procyclicality, collateral values and financial stability.
- Authors
Gai, Prasanna; Kondor, Peter; Vause, Nicholas
- Abstract
The article discusses the financial system model that examines macroeconomic shocks and procyclical macroeconomic risks. The model was constructed to determine whether shocks that promoted productivity in one sector would adversely affect the productivity of other sectors. This financial system allowed, risk-averse entrepreneurs to insulate their balance sheets against uncertainty.
- Subjects
ECONOMETRICS; MACROECONOMICS; SOCIOECONOMICS; MATHEMATICAL models of economic development; FINANCIAL statements; ENTREPRENEURSHIP; BUSINESSPEOPLE
- Publication
Bank of England Quarterly Bulletin, 2006, Vol 46, Issue 3, p321
- ISSN
0005-5166
- Publication type
Article