The proposed risk sensitive minimum requirements of the new Basel capital accord have raised concerns about possible (acceleration of) procyclical behaviour of banking, which might threaten macroeconomic stability. This paper analyses the interaction between business cycles and bank behaviour...

The proposed risk sensitive minimum requirements of the new Basel Capital Accord have raised concerns about possible (acceleration of) procyclical behaviour of banking, which might threat en macroeconomic stability. This article analyses the interaction between business cycles and banks over the...

The current debate on the possible procyclicality of the new Basel Accord pays little attention to the procyclicality created by unsound loan loss provisioning. This paper investigates how bank provisioning behaviour is related to the business cycle, using 8,000 bank-year observations from 29...

This paper describes a qualitative study into what bankers think the main reason is for some firms to perform better than other firms during the 2008/2009 credit crunch. The Delphi technique, combined with the use of Fleiss’ Kappa to rank the collective outcome, is used to find testable...