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|c 5.00 USD
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|z 9781498302708
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Alam, Zohair.
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|a Digging Deeper :
|b Evidence on the Effects of Macroprudential Policies from a New Database /
|c Zohair Alam, Adrian Alter, Jesse Eiseman, R. Gelos.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2019.
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| 300 |
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|a 1 online resource (57 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 This paper introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using these data, we first confirm that loan-targeted instruments have a significant impact on household credit, and a milder, dampening effect on consumption. Next, we exploit novel numerical information on loan-to-value (LTV) limits using a propensity-score-based method to address endogeneity concerns. The results point to economically significant and nonlinear effects, with a declining impact for larger tightening measures. Moreover, the initial LTV level appears to matter; when LTV limits are already tight, the effects of additional tightening on credit is dampened while those on consumption are strengthened.
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|a Mode of access: Internet
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|a Alter, Adrian.
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|a Eiseman, Jesse.
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|a Gelos, R.
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|a IMF Working Papers; Working Paper ;
|v No. 2019/066
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2019/066/001.2019.issue-066-en.xml
|z IMF e-Library
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