Do loan-to-value and debt-to-income limits work? : evidence from Korea /
Saved in:
| Author / Creator: | Igan, Deniz, author. |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2011. |
| Description: | 1 online resource (34 pages) : color map, charts |
| Language: | English |
| Series: | IMF working paper ; WP/11/297 IMF working paper ; WP/11/297. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499861 |
MARC
| LEADER | 00000cam a2200000Ia 4500 | ||
|---|---|---|---|
| 001 | 12499861 | ||
| 006 | m o d | ||
| 007 | cr ||||||||||| | ||
| 008 | 111228s2011 dcubd ob i000 0 eng d | ||
| 005 | 20240822221621.6 | ||
| 019 | |a 808672480 |a 817809076 |a 1107365753 |a 1148128750 |a 1202560281 | ||
| 020 | |a 1283565374 | ||
| 020 | |a 9781283565370 | ||
| 020 | |a 9781463927837 | ||
| 020 | |a 1463927835 |q (Trade Paper) | ||
| 035 | 9 | |a (OCLCCM-CC)769645373 | |
| 035 | |a (OCoLC)769645373 |z (OCoLC)808672480 |z (OCoLC)817809076 |z (OCoLC)1107365753 |z (OCoLC)1148128750 |z (OCoLC)1202560281 | ||
| 037 | |b 00013468 | ||
| 040 | |a DJB |b eng |e pn |c DJB |d DJB |d OCLCO |d CUS |d DOS |d IDEBK |d MYG |d OCLCQ |d OCLCA |d OCLCQ |d OCLCA |d EBLCP |d OCLCF |d OCLCA |d OCLCQ |d OCLCO |d E7B |d YDXCP |d OCLCQ |d CUS |d OCLCO |d OCLCQ |d MERUC |d OCLCA |d CEF |d AU@ |d OCLCQ |d VT2 |d OCLCQ |d OCLCO | ||
| 043 | |a a-ko--- | ||
| 049 | |a MAIN | ||
| 050 | 4 | |a HG3881.5.I58 |b W67 No. 11/297eb | |
| 050 | 4 | |a HD7367.5.A3 |b I33 2011eb | |
| 100 | 1 | |a Igan, Deniz, |e author. | |
| 245 | 1 | 0 | |a Do loan-to-value and debt-to-income limits work? : |b evidence from Korea / |c Deniz Igan and Heedon Kang. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2011. | ||
| 300 | |a 1 online resource (34 pages) : |b color map, charts | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/11/297 | |
| 500 | |a At head of title: Research Department and Monetary and Capital Markets Department. | ||
| 500 | |a Title from PDF title page (IMF Web site, viewed December 27, 2011). | ||
| 500 | |a "December 2011." | ||
| 520 | |a "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 that loan-to-value and debt-to-income limits are associated with a decline in house price appreciation and transaction activity. Furthermore, the limits alter expectations, which play a key role in bubble dynamics"--Page [1]. | ||
| 504 | |a Includes bibliographical references (page 34). | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. Background: Korean Housing and Mortgage Markets; A. Basic Facts; B. Recent Market Developments and Policy Responses; III. Empirical Analysis; A. Effects of LTV and DTI Limits on Regional Housing and Mortgage Market Activity; B. Effects of LTV and DTI Limits on Household Choices; IV. Conclusion; Appendix; 1. Regional Characteristics; Appendix Table; 1. Basic Characteristics by Regions in Korea; 2. Housing Tenure Types in 2005; 3. Announcement Dates and Levels of LTV Limits Across Loan Classes and Regions. | |
| 505 | 8 | |a 4. List of Areas Designated Speculative Zone Status through Time5. Regulation Index Construction; Table; 1. After the Storm: Examples of LTV and DTI Limits as Macro-Prudential Tools after the Global Financial Crisis; 2a. Timeline of LTV Regulations; 2b. Timeline of DTI Regulations; 3a. Housing and Mortgage Market Activity Before and After Tightening; 3b. Housing and Mortgage Market Activity Before and After Loosening; 4a. Housing and Mortgage Market Activity Before and After Tightening: Separate Dummies; 4b. Housing and Mortgage Market Activity Before and After Loosening: Separate Dummies. | |
| 505 | 8 | |a 5. Survey Data: Summary Statistics Before and After Matching6. Effect of Policy Tighetning on Household Decisions; 7. Effect of Policy Tighetning on Different Household Groups; Figure; 1. House Price Cycles in Korea: 2001-2010; 2. Policy Interventions: LTV and DTI Adjustments; 3. Housing and Mortgage Market Activity Following Policy Interventons; References. | |
| 650 | 0 | |a Housing |x Prices |z Korea (South) |x Econometric models. | |
| 650 | 0 | |a Business cycles |x Econometric models. | |
| 650 | 0 | |a Mortgages |z Korea (South) |x Econometric models. | |
| 650 | 6 | |a Logement |x Prix |z Corée du Sud |x Modèles économétriques. | |
| 650 | 6 | |a Cycles économiques |x Modèles économétriques. | |
| 650 | 6 | |a Hypothèques |z Corée du Sud |x Modèles économétriques. | |
| 650 | 7 | |a Business cycles |x Econometric models. |2 fast |0 (OCoLC)fst00842461 | |
| 650 | 7 | |a Housing |x Prices |x Econometric models. |2 fast |0 (OCoLC)fst00962327 | |
| 650 | 7 | |a Mortgages |x Econometric models. |2 fast |0 (OCoLC)fst01026646 | |
| 651 | 7 | |a Korea (South) |2 fast |0 (OCoLC)fst01206791 | |
| 655 | 0 | |a Electronic books. | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Kang, Heedon, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Research Department, |e issuing body. | |
| 710 | 2 | |a International Monetary Fund. |b Monetary and Capital Markets Department, |e issuing body. | |
| 830 | 0 | |a IMF working paper ; |v WP/11/297. | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2011/297/001.2011.issue-297-en.xml |y INTERNATIONAL MONETARY FUND |
| 929 | |a oclccm | ||
| 999 | f | f | |i a1eae0d8-0be6-5d36-9a46-863a180a43ad |s 788b3884-b3ea-5af4-a678-a3ed27cd206f |
| 928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 11/297eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2011/297/001.2011.issue-297-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12144005 | ||