How Effective is Macroprudential Policy Evidence from Lending Restriction Measures in EU Countries is popular PDF and ePub book, written by Mr.Tigran Poghosyan in 2019-03-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, How Effective is Macroprudential Policy Evidence from Lending Restriction Measures in EU Countries can be Read Online from any device for your convenience.
How Effective is Macroprudential Policy Evidence from Lending Restriction Measures in EU Countries Book PDF Summary
This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in 28 EU countries over 1990–2018. The results suggest that lending restriction measures are generally effective in curbing house prices and credit. However, the impact is delayed and reaches its peak only after three years. In addition, the impact is asymmetric, with tightening measures having weaker association with target variables compared to loosening measures. The association is stronger in countries outside of euro area and for legally-binding measures and measures involving sanctions. The results have practical implications for macroprudential authorities.
Detail Book of How Effective is Macroprudential Policy Evidence from Lending Restriction Measures in EU Countries PDF
- Author : Mr.Tigran Poghosyan
- Release : 01 March 2019
- Publisher : International Monetary Fund
- ISBN : 9781498301909
- Genre : Business & Economics
- Total Page : 42 pages
- Language : English
- PDF File Size : 11,9 Mb
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