Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea

Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea
With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by analyzing the Korean experience with these measures. We find READ MORE...

Publication date: December 2011
ISBN 9781463927837
$18.00

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