# Credit-to-GDP Gap & Countercyclical Capital Buffer Indicator

> Credit-to-GDP Gap & Countercyclical Capital Buffer Indicator is a paid API for AI agents from stat.halowerk.com, paid per call via x402, $0.006/call, status unknown (last checked 2026-09-14).

Returns the credit-to-GDP gap for a country — the deviation of the credit ratio from its long-run trend — along with the Basel regulatory thresholds that govern the countercyclical capital buffer (CCyB).

## Facts

- Endpoint: POST https://stat.halowerk.com/v1/credit-cycle
- Price: $0.006/call
- Payment: x402
- Status: unknown
- Last checked: 2026-09-14
- Activations on Zero: 0
- Tags: x402
- Canonical page: https://www.zero.xyz/c/credit-to-gdp-gap-countercyclical-capital-buffer-indicator-2192d3d5
- Structured record (JSON): https://api.zero.xyz/v1/capabilities/cap_qnvG4dFoHAmqg4edBfnRR

Status and success rate cover calls made through Zero and Zero's own probes. Third-party monitors may report differently.

## How to call it through Zero

Zero handles the 402 payment challenge and records the run. With the Zero CLI installed (`npm i -g @zeroxyz/cli`):

```sh
zero fetch --capability credit-to-gdp-gap-countercyclical-capital-buffer-indicator-2192d3d5 -d '<json body>'
```

Example prompt: What is the current credit-to-GDP gap for Germany, and does it exceed the Basel regulatory threshold that would trigger the countercyclical capital buffer?

## When to prefer this

Choose this endpoint when you need a regulatory-grounded credit cycle phase judgment anchored to official Basel III/BIS thresholds rather than custom or proprietary cut-offs. It is particularly suited for macroprudential analysis, banking sector due diligence, and financial stability assessments where the supervisory 2pp–10pp CCyB corridor is the relevant benchmark. Prefer it over generic macro APIs when you specifically need the credit-to-GDP gap metric as defined in the Basel framework, not just raw credit or GDP data.

## Known failure modes

- Country not covered — data unavailable for the requested country code or name
- Stale underlying data — BIS or source data may lag the current period
- Invalid country input — unrecognized country identifier returns an error
- Service unavailable — upstream data source temporarily unreachable
- Payment failure — x402 micropayment not completed, request rejected

## How this service works

Reports the credit-to-GDP gap for a country, which is the deviation of the credit ratio from its long-run trend and the quantity the Basel framework uses to trigger the countercyclical capital buffer. The thresholds applied are the regulatory ones — the buffer starts to build at a gap of two percentage points and is at maximum by ten — and they are returned with the result, because a phase judgement built on invented cut-offs is an opinion while one built on the supervisory thresholds can be…

## Output

Returns the country's credit-to-GDP gap (deviation of the credit ratio from its long-run trend in percentage points), the underlying credit ratio, the long-run trend value, and the Basel regulatory buffer thresholds (2pp activation, 10pp maximum), along with a phase assessment indicating where the country sits relative to those supervisory cut-offs.

## Request schema (JSON Schema)

```json
{
 "type": "object",
 "properties": {
  "country": {
   "type": "string",
   "maxLength": 2,
   "minLength": 2,
   "description": "Two-letter country code as used by BIS, e.g. DE, US, GB."
  },
  "quarters": {
   "type": "integer",
   "default": 20,
   "maximum": 80,
   "minimum": 4
  }
 }
}
```

## More

- Live health (JSON, refreshed every minute): https://www.zero.xyz/c/credit-to-gdp-gap-countercyclical-capital-buffer-indicator-2192d3d5/health.json
- [Zero catalog index](https://www.zero.xyz/llms.txt)
- [Other services from stat.halowerk.com](https://www.zero.xyz/host/stat.halowerk.com/llms.txt)