changed significantly after the financial crisis of 1997 and 1998. While the value of imports and the ratio of imports to GDP …

, it is appropriate to determine its economic recession based on the fall in the growth trend, not in the absolute level of …. Accordingly the setting of growth trend is of preliminary importance in identifying cyclical fluctuations. The analysis of Korea …'s GDP data since 1970, the decomposition of trends and cycles through the Band-pass filter is found to appropriately …

, however, shows that banks support procyclicality of loan loss privisioning and earning smoothing behavior over profit …