<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p><p>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.</p></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.

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

Faculty of Commodity Science, Chair of Business Activity

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Apart from general business cycles, market economies are characterized by their specific cycles, which also include banking cycles. Fluctuations whose sequence...

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

Published Online: Dec 31, 2018

Page range: 106 - 120

Received: May 29, 2018

Accepted: Nov 26, 2018

DOI: https://doi.org/10.2478/foli-2018-0022

Keywords
business cycles, banking sector, central bank, commercial bank, monetary policy, household, enterprise

© 2018 Ryszard Barczyk, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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

Published Online: Dec 31, 2018

Page range: 106 - 120

Received: May 29, 2018

Accepted: Nov 26, 2018

DOI: https://doi.org/10.2478/foli-2018-0022

Keywordsbusiness cycles, banking sector, central bank, commercial bank, monetary policy, household, enterprise

© 2018 Ryszard Barczyk, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
business cycles, banking sector, central bank, commercial bank, monetary policy, household, enterprise