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|z 9781463927837
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|a 1018-5941
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|a Igan, Deniz.
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|a Do Loan-To-Value and Debt-To-Income Limits Work? :
|b Evidence From Korea /
|c Deniz Igan, Heedon Kang.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2011.
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|a 1 online resource (35 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by analyzing the Korean experience with these measures. We find that loan-to-value and debt-to-income limits are associated with a decline in house price appreciation and transaction activity. Furthermore, the limits alter expectations, which play a key role in bubble dynamics.
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|a Mode of access: Internet
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|a Kang, Heedon.
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|a IMF Working Papers; Working Paper ;
|v No. 2011/297
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2011/297/001.2011.issue-297-en.xml
|z IMF e-Library
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