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The Business Cycle and Cycles in The Banking Sector in The Polish Economy in The Years 2000‒2017

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  • Barczyk Ryszard

    (University of Economics and Business, Faculty of Commodity Science, Chair of Business Activity, Al. Niepodległości 10, 61-875Poznań, Poland)

Abstract

Apart from general business cycles, market economies are characterized by their specific cycles, which also include banking cycles. Fluctuations whose sequence over time creates the banking cycles are absolute or/and relative changes in the activity of banks, manifested in the form of oscillations in the supply of money and bank credits granted for investment or consumption purposes.The aim of this article is to analyze the influence of general business cycles on changes in the activity of the central bank and commercial banks, and to examine a returnable relationship between banking activities and business cycles. The paper consists of two parts. The first one presents a theoretical hypothesis connected with the analyzed relations. The second part contains the results of the empirical analysis of the morphology of the cycles identified in the Polish economy. In the process of identifying the cycles under analysis, the concept of deviation cycles was taken into account. Deseasonalization was conducted using the Tramo/Seats procedure as part of the Demetra 2.0 package, and in the process of isolating cycles, the Hodrick-Prescott filter was accepted.

Suggested Citation

  • Barczyk Ryszard, 2018. "The Business Cycle and Cycles in The Banking Sector in The Polish Economy in The Years 2000‒2017," Folia Oeconomica Stetinensia, Sciendo, vol. 18(2), pages 106-120, December.
    • Handle: RePEc:vrs:foeste:v:18:y:2018:i:2:p:106-120:n:8
    DOI: 10.2478/foli-2018-0022
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    References listed on IDEAS

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    1. Prescott, Edward C., 1986. "Theory ahead of business-cycle measurement," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 11-44, January.
    2. Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 2005. "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy," Journal of Political Economy, University of Chicago Press, vol. 113(1), pages 1-45, February.
    3. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
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    More about this item

    Keywords

    business cycles; banking sector; central bank; commercial bank; monetary policy; household; enterprise;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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