BIS paper: twin financial cycles can ‘turbocharge’ crashes

Policy-makers should differentiate between domestic and global cycles, authors say

bis-centralbahnplatz-tower-2

Domestic and global financial cycles move at different speeds but typically come together to “turbocharge” crises, research published by the Bank for International Settlements finds.

Iñaki Aldasoro, Stefan Avdjiev, Claudio Borio and Piti Disyatat study the dynamics of the domestic and global cycles. They find the global cycle tends to follow the duration of business cycles (typically two to eight years), while the domestic cycle tends to operate over a much longer horizon, sometimes twice as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.