This brief note outlines some thinking in relation to the proposed restrictions on residential mortgage lending, outlined in the Central Bank of Ireland Consultation paper CP87 (Central Bank of Ireland 2014). I first outline the context for credit restrictions, before outlining some theoretical and practical issues with the current proposals. The perspective adopted is rooted principally in the...

In the aftermath of the global financial crisis (2007-2009), policymakers in the developing countries and emerging economies have generally relied on macroprudential policies to achieve financial stability. Since the banking systemchr('39')s vulnerability plays an essential role in financial instability, and the banking systemchr('39')s stability is exposed to vulnerability, we examine macropru...

Despite increasing evidence that banking crises are brought about by changes in both micro factors and the macro environment. Few researchers have conducted empirical studies which systematically examine the concurrent contributions of these changes. This research combines micro and macro approaches, thus devising a modified early warning system it possible to monitor the individual banking dis...

Data mining systems semi-automatically discover knowledge by mining a large volume of data, but discovered knowledge is not always novel to users. We discuss a discovered rule filtering method to filter rules discovered by a data mining system into ones that are novel to the user by using information retrieval results from the Internet. We have two methods; the micro view and the macro view met...

We examine the impact of economy wide credit tightening on bank failures and investigate relationship between tighter monetary policy while accounting for balance sheet variables. Using a sample U.S. banks from 1984 to 2020, we find following: i) increases in corporate spreads lead significant increase aggregate failures; ii) lower return equity higher allowances loan losses are associated with...

We present a convenient notation for positive/negative-conditional equations. The idea is to merge rules specifying the same function by using case-, if-, match-, and let-expressions. Based on the presented macro-rule-construct, positive/negative-conditional equational specifications can be written on a higher level. A rewrite system translates the macro-rule-constructs into positive/negative-c...

We investigate whether the debt position of UK households affects response nondurable consumption to income and wealth changes. construct a novel estimate track same individual over time for an extended period ranging from 1993 2017. Using this series, we explore how household indebtedness propagates negative positive changes responses. assess shocks imply adjustments such mechanism is crisis s...

Libertarian views on rights tend to rule out coercive redistribution for purposes of public health care guarantees, whereas liberal conceptions support coercive funding of potentially unlimited access to medical services in the name of medical needs. Taking the "priority of liberty" seriously as supreme political value, a plausible prudential argument can avoid these extremes by providing syste...

From the perspective of an emerging country – Chile we analyze recommendations Basel Committee Banking Supervision (BCBS) regarding design and implementation indicators to guide countercyclical capital buffer (CCyB) policy decisions. We sensitivity predictive power calculation methodology different early warning (EWIs), including standard credit-to-GDP gap. To meet these goals, expand available...