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Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics

Stefan Avdjiev, Bat-el Berger and Hyun Song Shin

No 735, BIS Working Papers from Bank for International Settlements

Abstract: We look back at past episodes of financial stress in Asia with a forward-looking perspective. We put ourselves in the shoes of a contemporary observer with the data at hand and ask what evidence was available on the systematic build-up of vulnerabilities. We reconstruct a graphical narrative of banking and financial developments at the time. Our exercise showcases the usefulness of the BIS international banking and financial statistics as a window on the financial system's procyclicality. We conclude with a real-time forward-looking survey of current financial vulnerabilities, focusing on the implications of the shift in the pattern of credit intermediation from banks to bond markets.

Keywords: Asian Financial Crisis; international bank lending; procyclicality; financial stability (search for similar items in EconPapers)
JEL-codes: F32 F34 G01 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2018-07
New Economics Papers: this item is included in nep-ban, nep-ifn and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Chapter: Gauging Procyclicality and Financial Vulnerability in Asia through the BIS Banking and Financial Statistics (2021) Downloads
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