How Effective is Macroprudential Policy? : Evidence from Lending Restriction Measures in EU Countries /

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 tha...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Poghosyan, Tigran
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2019.
Sraith:IMF Working Papers; Working Paper ; No. 2019/045
Rochtain ar líne:Full text available on IMF