Schüler, Yves S.; Hiebert, Paul H.; Peltonen, Tuomas A. - 2017
, financial cycle synchronisation is strong for most countries; but not for all. In contrast, business cycles relate homogeneously. …, powerfully predict systemic banking crises. Further, the joint consideration yields a more robust view on financial cycle … characteristics, reconciling an empirical puzzle concerning cycle properties when using two popular alternative methodologies …