Invitation to joint research with Bank of Korea
Bank of Korea (BOK) is planning to do a joint-research about the indicators applied tothe decision on the level of Countercyclical Capital Buffer (CCB) or Sectoral Capital Requirement (SCR). As already known, BIS recommended credit-to-GDP gap as a coreindicator for the CCB. But it seems to us that credit-to-GDP can only explain the overallsystemic risk and is not suitable for capturing the cumulated sectoral systemic risk.
Therefore, we would like to invite members of KAEA to the joint-research project of developing a subsidiary indicators which are well suited to the more specific sectoral systemic risk such as the risks accumulated in the housing sector. For reference, Norges Bank is using the ratio of total credit to GDP, the ratio of house prices to household disposable income, commercial property prices, and the wholesale funding ratio of Norwegian credit institutions for the indicators of CCB.
If you are interested in engaging this research project, please contact Dr. Hoon Kim,head of macroprudential research team with e-mail address, kimhoon@bok.or.kr
[Summary]
∎ Research Topic (Preliminary) : Sectoral Financial Stability Index as subsidiary indicators to credit-to-GDP gap in the imposition of Countercyclical Capital Buffer (CCB)
∎ Department in charge : Macroprudential Research Team, Macroprudential Analysis Department, Bank of Korea
∎ Expected research period : 6 months to 12 months to complete
∎ Bank of Korea may provide- Research grant (up to 10,000 USD)- Travel expense including flight fare and accommodation (if needed)
∎ Contact details:
Hoon Kim
Head
Macroprudential Research Team
110, 3-Ga, Namdaemun-Ro, Jung-Gu, Seoul
Tel +82-2-750-6835 Fax +82-2-750-6871
Mobile +82-10-6379-6610
E-mail kimhoon@bok.or.kr