Macroprudential policies and housing prices :: a new database and empirical evidence for Central, Eastern, and South-Eastern Europe /

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...

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Bibliographische Detailangaben
1. Verfasser: Vandenbussche, Jérôme
Körperschaft: International Monetary Fund. European Department
Weitere Verfasser: Vogel, Ursula, Detragiache, Enrica
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2012.
Schriftenreihe:IMF working paper ; WP/12/303.
Schlagworte:
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Zusammenfassung: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).
Beschreibung:Title from PDF title page (IMF Web site, viewed Jan. 2, 2013).
"European Department."
"December 2012."
Beschreibung:1 online resource (36 pages).
Bibliographie:Includes bibliographical references.
ISBN:9781475594089
1475594089

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