Banco de España
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countercyclical capital buffers, financial stability, procyclicality
procyclicality, Basel II, rating systems, mortgages
Bank capital regulation, Basel II, Pro-cyclicality, Business cycles, Credit crunch
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macroprudential policy, dynamic provision, central banks
This is a CEPR Discussion Paper. CEPR charges a fee of $8.00 for this paper.
Bank capital regulation, Basel II, Business cycles, Credit crunch, Procyclicality
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