Results 161 to 170 of about 669 (197)

When Is Macroprudential Policy Effective? [PDF]

open access: possible, 2018
Previous studies have shown that limits on loan-to-value (LTV) and debt-to-income (DTI) ratios can stabilise the housing market, and that tightening these limits tends to be more effective than loosening them. This paper examines whether the relative effectiveness of tightening vs.
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Macroprudential Policies and Homeownership

Macroprudential policies are a key policy tool for financial regulators, but concerns persist that these policies restrict access to homeownership. I examine this concern using crosscountry data on homeownership for 28 countries. I find little evidence that macroprudential policies reduce homeownership rates in aggregate or for select groups such as ...
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Macroprudential Policies in a Global Perspective [PDF]

open access: possibleProceedings, 2013
This paper analyzes the case for the international coordination of macroprudential policies in the context of a simple theoretical framework. Both domestic macroprudential policies and prudential capital controls have international spillovers through their impact on capital flows. The uncoordinated use of macroprudential policies may lead to a "capital
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Examining macroprudential policy and its macroeconomic effects – Some new evidence

Journal of International Money and Finance, 2022
Soyoung Kim, Aaron Mehrotra
exaly  

Macroprudential Policy and Household Debt: What Is Wrong with Swedish Macroprudential Policy?

2020
Much is right with Swedish macroprudential policy. But regarding risks associated with household debt, the policy does not pass a cost-benefit test. The substantial credit tightening that Finansinspektionen (FI) has achieved – through amortization requirements and more indirect ways – has no demonstrable benefits but substantial costs.
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The Instruments of Macroprudential Policy

2013
This section of the book is devoted to a review of the instruments of macroprudential policy — what levers policymakers can pull in order to achieve their objectives. Quite a lot has been written already about the instruments that UK policymakers will have at their disposal, with the Bank of England publishing a discussion paper on this issue ...
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Governance of macroprudential policy. [PDF]

open access: possibleFinancial Stability Review, 2014
This article proposes elements of a governance framework for macroprudential policy. First, a governance framework should be geared towards countering inaction. The difficulty of quantifying the final objective of financial stability and the large number of potential instruments blur the link between policy measures and their objective, making it ...
openaire  

Global economic policy Uncertainty, gross capital Inflows, and the mitigating role of Macroprudential policies

Journal of International Money and Finance, 2023
Zhongfei Chen, Georgios Chortareas
exaly  

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