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Effectiveness and Channels of Macroprudential Instruments : Lessons from the Euro Area /
The crisis has highlighted the importance of setting up macro-prudential oversightframeworks, having effective macro-prudential instruments in place to be called upon tomitigate growing financial imbalances as needed. We develop a new approach using the euroarea Bank Lending Survey to assess the eff...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2016]
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| Colección: | IMF working paper ;
WP/16/4. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The crisis has highlighted the importance of setting up macro-prudential oversightframeworks, having effective macro-prudential instruments in place to be called upon tomitigate growing financial imbalances as needed. We develop a new approach using the euroarea Bank Lending Survey to assess the effectiveness of macro-prudential policies incontaining credit growth and house price appreciation in mortgage markets. We findinstruments targeting the cost of bank capital most effective in slowing down mortgage creditgrowth, and that the impact is transmitted mainly through price margins, the same b. |
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| Descripción Física: | 1 online resource (32 pages) |
| Bibliografía: | Includes bibliographical references (pages 30-32). |
| ISBN: | 1513564374 149836036X 9781498360364 9781513564371 1513547402 9781513547404 |
| ISSN: | 2227-8885 ; |