TY  - BOOK
AU  - Alam,Zohair
ED  - International Monetary Fund.
TI  - Digging deeper: evidence on the effects of macroprudential policies from a new database
T2  - IMF Working Paper
SN  - 149830270X
AV  - HG3705 .A53 2019
U1  - 332.7 23
PY  - 2019///]
CY  - [Washington, D.C.]
PB  - International Monetary Fund
KW  - Bank liquidity
KW  - Credit control
KW  - Financial risk management
KW  - Law and legislation
KW  - Banques
KW  - Liquidité
KW  - Crédit
KW  - Politique gouvernementale
KW  - Finances
KW  - Gestion du risque
KW  - fast
KW  - EBSCO  eBooks
KW  - Electronic books
N1  - "March 2019."; Includes bibliographical references
N2  - "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, the authors first confirm that loan-targeted instruments have a significant impact on household credit, and a milder, dampening effect on consumption. Next, they exploit novel numerical information on loan-to-value (LTV) limits using a propensityscore-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."--Abstract
UR  - https://www.lib.tsu.ru/limit/2023/EBSCO/2105738.pdf
ER  -