Bericht
Countercyclical Capital Buffer Proposal: An Analysis for Norway
This paper evaluates the ability of some macro variables, namely GDP growth, credit growth, credit to GDP ratio and property prices in guiding the accumulation of a capital buffer above the minimum during the credit expansion episode in Norway. We use two performance benchmarks. First, we evaluate their performance based on their skill in signalling a financial crisis. Second, we compare their performance on the basis of their correlation with a measure of the banking system s vulnerability. The main conclusion we derive from the analysis is that the credit to GDP ratio has the best performance. Moreover, data limitations seriously affect the usefulness of the Norwegian residential property price as banking crisis indicator.
- ISBN
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978-82-7553-595-3
- Language
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Englisch
- Bibliographic citation
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Series: Staff Memo ; No. 03/2011
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Vo, Thi Quynh Anh
- Event
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Veröffentlichung
- (who)
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Norges Bank
- (where)
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Oslo
- (when)
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2011
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Vo, Thi Quynh Anh
- Norges Bank
Time of origin
- 2011
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Robustifying Optimal Monetary Policy in Norway
A Financial Conditions Index for Norway
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Exchange Rate Regimes in Norway 1816-2016
The Risk-Taking Channel of Monetary Policy in Norway
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