Synopses & Reviews
Procyclicality of the financial system is a feature of any normally functioning economy. However, procyclicality can sometimes become excessive leading to undesired effects on the real economy. The challenge that this volume addresses is to define "excessive" and to identify policy actions that could produce superior outcomes.
Synopsis
Family Authorship and Romantic Print Culture explores the conjunction of authorship and family life as a distinctive cultural formation of Romanticera Britain. Through examination of the practices and texts of literary families, the book traces an alternative history of Romantic authorship, one that lies on the cusp between a vanishing manuscript culture and the dominance of print; that reflects a struggle in Romantic selfidentity between communities of feeling and individual genius; and that grapples with an evolving tension between the private and public spheres.
About the Author
STEFAN GERLACH is the former Executive Director of the Research Department at the Hong Kong Monetary Authority and Director of the Hong Kong Institute for Monetary Research. He has published extensively in the areas of Macroeconomics and money and finance, and holds a PhD from the University of Geneva.
PAUL GRUENWALD is the International Monetary Fund's Resident Representative in Hong Kong SAR. He joined the IMF in 1992, and has extensive experience in Northeast Asia and Latin America, particularly in capital and financial markets issues. He holds a PhD in Economics from Columbia University.
Table of Contents
Foreword * Introduction--S.Gerlach & P.Gruenwald * Procyclicality and Volatility in the Financial System: The Implementation of Basel II and IAS 39--A.Taylor & C.Goodhart * Comments on 'Procyclicality and Volatility in the Financial System: The Implementation of Basel II and IAS 39'--D.Burton, W.A.Ryback & J.Viñals * Sources of Procyclicality in East Asia Financial Systems--R.S.Craig, E.P.Davis & A.G.Pascual * Comments on "Sources of Procyclicality in East Asia Financial Systems"--H.Mingzhi & T.Wantanagase * Procyclical Financial Behaviour: What Can be Done?--P.Lowe & G.Stevens * Comments on "Procyclical Financial Behaviour: What Can be Done?"-- M.Gudmundsson, E.Hirano & A.Sheng