Dear Jacob,
many thanks for your message, which is source of many good points. Indeed, Keynes’ “Treatise on Money” presents a lot of common points with the Austrian view and Lachmann identified “expectations” as the potential alliance link between Austrians and Keynes (he was strongly influenced by Shackle).
Thanks for pointing out Borio’s work. I quoted his 2012 paper in my “At the roots of economic fluctuations”. I will look for the paper you mentioned, it might be useful, together with Keynes, for a paper I am preparing about “Business cycles and hermeneutical processes”.

Thanks again and keep in touch!

I really enjoyed your paper, especially your review of the literature and thoughts on a ‘natural cycle.’ I’m also looking up your earlier work. Your summary of the Austrian cycle was useful for me to re-familiarize with. Another cyclical breakdown you might engage with is Keynes’s analysis of Bull and Bear Markets in his Treatise on Money. Much of that fits with your outline on changing expectations.

I’m not sure how relevant this is to your current project, but in reading your paper I had the thought extending Claudio Borio’s (2014) work on the ‘financial cycle’ to a nation like Malaysia. Anyway, thanks for your interesting work.

Cheers!

They publish a bulletin but it lacks detailed bank information, reporting only synthetic info.
I.e.: http://www.bnm.gov.my/files/publication/qb/2018/Q3/p4.pdf

Thanks Carmelo for your information about the risk management trends.

Does the Central of Malaysia publish financial reports including this kind of information?

Maria

Dear Maria,
at the moment I do not have bank information readily available. However, I can tell that the banking system appears to be more solid than it was in the US ten years ago, in reference with the loan/mortgage market. Malaysia applies quite strict down-payment rules and banks are not exposed as they were in the Western world.
Also a market for derivates did not emerged.

Thanks for your interesting paper that clearly shows the current Malaysian challenges.

I wounder if you can add some information about the balance sheets of banks and the process of securitization in the capital markets.

Maria