Burroni, Marco; Quagliariello, Mario; Sabatini, Emiliano; … - Banca d'Italia - 2009
Current policy debate has renewed interest in countercyclical provisioning policies; dynamic provisions are regarded as … which would contribute to limiting procyclicality". This paper describes: i) how dynamic provisions work in a general … introducing a system of dynamic provisions that, while meeting the prudential goal of having more conservative provisioning …