The Synchronization of Financial and Business Cycles in Saudi Arabia
作者: Osama El-Baz
刊名: Scholedge International Journal of Management & Development ISSN 2394-3378, 2018, Vol.5 (4), pp.32-47
来源数据库: Scholedge Publishing Inc.
原始语种摘要: Financial cycles have become vividly tracked and analyzed by regulatory authorities to avoid the buildup of excessive systemic risks in the financial system that could hamper economic growth. However, fiscal policy usually pays an exclusive attention to business cycles; which might leave fiscal outcomes vulnerable to financial sector dynamics. We investigated financial and business cycles in Saudi Arabia over the period (1970Q1- 2016Q4). The results of the BBQ cycle dating algorithm revealed that the duration of financial upturns (downturns) are longer than that for economic expansions (contractions) in means, also both the amplitude and the slope for upturns (downturns) are higher than those for expansions (contractions) in means. Moreover, financial cycle episodes are more frequent than...
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  • fiscal 财政的
  • economic 经济的
  • financial 财政的
  • slowdown 减速
  • exclusive 互斥
  • empirical 经验的
  • system 
  • business 交易
  • sector 
  • credit 信用