Macroprudential Policies and Housing Price : A New Database and Empirical Evidence for Central, Eastern, and Southeastern 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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Bibliografiske detaljer
Hovedforfatter: Vandenbussche, Jerome
Andre forfattere: Detragiache, Enrica, Vogel, Ursula
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2012.
Serier:IMF Working Papers; Working Paper ; No. 2012/303
Online adgang:Full text available on IMF
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245 1 0 |a Macroprudential Policies and Housing Price :   |b A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe /  |c Jerome Vandenbussche, Ursula Vogel, Enrica Detragiache. 
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300 |a 1 online resource (39 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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). 
538 |a Mode of access: Internet 
700 1 |a Detragiache, Enrica. 
700 1 |a Vogel, Ursula. 
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856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/303/001.2012.issue-303-en.xml  |z IMF e-Library