Asymmetric Procyclicality of Chinese Banking and the Countercyclical Buffer of Basel III

<div>Implied conditional correlation in the time-varying SJC copula and Chinese GDP growth rate, with 95% confidence interval for the time-varying correlation.</div>

Discrete Dynamics in Nature and Society

fig2

Figure 2

Figure 2: Asymmetric Procyclicality of Chinese Banking and the Countercyclical Buffer of Basel III 