Credit procyclicality and financial regulation in South Africa

摘要: This study assesses the behaviour of credit extension over business cycle in South Africa for period 2000 to 2012. is motivated by proposal Basel Committee on Banking Supervision look at as a reference guide implementing countercyclical capital buffers financial institutions. The finds that increases during trough phase, while relationship between and becomes insignificant peak phase. also decreases expansion it contraction Thus we do not find any evidence procyclical Africa, latter should therefore be used with caution mechanical rule based common