Macroprudential policies and housing prices: a new database and empirical evidence for Central, Eastern, and South-Eastern Europe
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Bibliographic Details
Main Author: Vandenbussche, Jérôme (Author)
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] International Monetary Fund ©2012
Series:IMF working paper WP/12/303
Subjects:
Online Access:UBW01
UEI01
LCO01
SBR01
UBG01
FAN01
UBT01
FKE01
UBY01
UBA01
FLA01
UBM01
UPA01
UBR01
FHA01
FNU01
TUM01
UER01
BSB01
SBG01
Volltext
Item Description:Title from PDF title page (IMF Web site, viewed Jan. 2, 2013). - "European Department.". - "December 2012."
Several countries in Central, Eastern and Southeastern Europe used a rich set of prudential instruments in response to last decade's credit and housing boom and bust cycles. We collect detailed information on these policy measures in a comprehensive database covering 16 countries at a quarterly frequency. We use this database to investigate whether the policy measures had an impact on housing price inflation. Our evidence suggests that some--but not all--measures did have an impact. These measures were changes in the minimum CAR and non-standard liquidity measures (marginal reserve requirements on foreign funding, marginal reserve requirements linked to credit growth)
Includes bibliographical references
Physical Description:1 Online-Ressource (36 pages)
ISBN:9781475594089
1475594089
9781475550139
9781475587449

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