Setting Countercyclical Capital Buffer Throughout the Financial Cycle

@inproceedings{6831,
   author = {Frait, Jan and Hájek, Jan and Plašil, Miroslav},
   address = {University of Warsaw, Poland},
   booktitle = {27 th International Scientific Conference on Economic and Social Development},
   edition = {1},
   editor = {Beros, M. B., Recker, N., Kozina, M.},
   keywords = {countercyclical capital buffer; credit-to-GDP gap; credit losses; financial cycle},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {University of Warsaw, Poland},
   pages = {111-119},
   publisher = {Economic and Social Development},
   title = {Setting Countercyclical Capital Buffer Throughout the Financial Cycle},
   url = {http://www.esd-conference.com/upload/book_of_proceedings/Book_of_Proceedings_esd_Rome_2018_Online.pdf},
   year = {2018}
}

TY  - JOUR
ID  - 6831
AU  - Frait, Jan - Hájek, Jan - Plašil, Miroslav
PY  - 2018
TI  - Setting Countercyclical Capital Buffer Throughout the Financial Cycle
PB  - Economic and Social Development
CY  - University of Warsaw, Poland
KW  - countercyclical capital buffer
KW  - credit-to-GDP gap
KW  - credit losses
KW  - financial cycle
UR  - http://www.esd-conference.com/upload/book_of_proceedings/Book_of_Proceedings_esd_Rome_2018_Online.pdf
L2  - http://www.esd-conference.com/upload/book_of_proceedings/Book_of_Proceedings_esd_Rome_2018_Online.pdf
N2  - Basel III regulatory framework an important macroprudential instrument: a countercyclical capital buffer. This instrument is designed to reduce the consequences of worsened access of firms and households to banking credit in bad times. This paper proposes the approach to the countercyclical capital buffer using the experience of the Czech National Bank. It describes its decision-making process from assessing the position of the economy in the financial cycle through to setting the buffer rate. The approach that can be labelled discretion guided by multiple-factor analysis builds upon the signals from both individual and composite indicators of financial cycle and systemic risk. The paper then describes the factors that the macroprudential authority takes into account when setting the specific countercyclical capital buffer rate.
ER  - 

FRAIT, Jan, Jan HÁJEK a Miroslav PLAŠIL. Setting Countercyclical Capital Buffer Throughout the Financial Cycle. Online. In Beros, M. B., Recker, N., Kozina, M. \textit{27 th International Scientific Conference on Economic and Social Development}. 1. vyd. University of Warsaw, Poland: Economic and Social Development, 2018, s.~111-119. ISSN~1849-7535.