Macroprudential Policies and Housing Price A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe

Several countries in Central, Eastern and Southeastern Europe used a rich set of prudential instruments in response to last decade's credit and housing boom and bust cycles. We collect detailed information on these policy measures in a comprehensive database covering 16 countries at a quarterly...

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Bibliographic Details
Main Author: Vandenbussche, Jerome
Other Authors: Detragiache, Enrica, Vogel, Ursula
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Croatia, Republic of 
653 |a Currencies 
653 |a Payment Systems 
653 |a Real Estate 
653 |a Prices 
653 |a Housing prices 
653 |a Housing 
653 |a Financial Markets and the Macroeconomy 
653 |a Financial services law & regulation 
653 |a Micro Finance Institutions 
653 |a Banks and Banking 
653 |a Banks 
653 |a Monetary Systems 
653 |a Monetary economics 
653 |a Mortgages 
653 |a Housing Supply and Markets 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Standards 
653 |a Capital adequacy requirements 
653 |a Depository Institutions 
653 |a Financial regulation and supervision 
653 |a Money and Monetary Policy 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Monetary Policy 
653 |a Government and the Monetary System 
653 |a Money 
653 |a Asset requirements 
653 |a Credit 
653 |a Regimes 
653 |a Property & real estate 
653 |a Monetary policy 
653 |a Reserve requirements 
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520 |a Several countries in Central, Eastern and Southeastern Europe used a rich set of prudential instruments in response to last decade's credit and housing boom and bust cycles. We collect detailed information on these policy measures in a comprehensive database covering 16 countries at a quarterly frequency. We use this database to investigate whether the policy measures had an impact on housing price inflation. Our evidence suggests that some-but not all-measures did have an impact. These measures were changes in the minimum CAR and non-standard liquidity measures (marginal reserve requirements on foreign funding, marginal reserve requirements linked to credit growth)