O'Keefe, John; Wilcox, James A. - In: Journal of Financial Transformation 35 (2012), pp. 159-172
A recurring criticism of U.S. bank supervisors is that their standards vary procyclicly with banking and economic conditions. The 2010 reforms of supervisory standards for bank capital adequacy and liquidity (Basel III) directly address procyclicality in supervision and its effects on credit...