After the financial crises from 2008-2009, the design of macroprudential policies has arrived in the centre of the macroeconomic discussion. With respect to house price booms, recent research suggest the use of loan-to-value (LTV) policies as a stabilization tool. However, policymakers are rather reluctant and change LTV ratios only in the case of extreme events. This paper builds a Hong Kong s...

This paper examines volatility persistence in leverage loan market price series for Australia, Canada, Europe, Japan, Singapore, UK and USA the presence of structural breaks. To best our knowledge, this is first empirical study to examine leveraged markets. end, using fractional integration methods, results indicate that both absolute squared returns display long memory features, with orders co...

The study was undertaken to assess the effects of foreign debt repayment outflow on securities market Volatility at NSE, Kenya. connection between loan and stocks volatility has not been fully examined, despite being subject financial studies. Regarding how influences market, global empirical research yielded inconsistent conclusions. findings are contradictory, which calls for additional be do...

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Abstract We investigate how capital requirements affect loan rates by studying the 50% increase in risk weight for high volatility commercial real estate (HVCRE) loans under Basel III. Exploiting variation terms and exposure to period after rule’s implementation, we find that a one-percentage-point raises 8.5 basis points. Using model of bank funding costs, demonstrate timing scope HVCRE rule i...

PLEASE NOTE: The opinions expressed in this publication do not necessarily represent an IFOAM approved position. Acknowledgements This paper reflects the experience and wealth of expertise of many people in the organic and environmental movements. I would like to thank all those who have commented on the paper and the many authors whose work this paper draws from. In particular I would like to ...

We assess the role of state-level renter protection regulations on pricing, performance and risk multifamily housing. construct a score (RPS) to measure extent in each state. Using proprietary property-level dataset from loans backed by commercial mortgage securities (CMBS) census tract socioeconomic variables, we study RPS initial capitalization (cap) rates, annual net operating income (NOI) l...

This paper analyses the effects of borrower-specific credit constraints on macroeconomic outcomes in an agent-based housing market model, calibrated using U.K. household survey data. We apply different Loan-to-Value (LTV) caps for types agents: first-time-buyers, second and subsequent buyers, buy-to-let investors. then analyse debt, wealth inequality consumption volatility. The households’ func...