The impact of macroprudential housing finance tools in Canada : 2005 - 10

by Jason Allen, Timothy Grieder, Brian Peterson and Tom Roberts

This paper combines loan-level administrative data with household-level survey data to analyze the impact of recent macroprudential policy changes in Canada using a microsimulation model of mortgage demand of first-time homebuyers. Policies targeting the loan-to-value ratio are found to have a larger impact than policies targeting the debtservice ratio, such as amortization. This is because there are more wealth-constrained borrowers than income-constrained borrowers entering the housing market.

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Year of publication:	August 2016
Authors:	Allen, Jason ; Grieder, Timothy ; Peterson, Brian ; Roberts, Tom
Publisher:	[Ottawa] : Bank of Canada
Subject:	Financial system regulation and policies \| Kanada \| Canada \| Immobilienfinanzierung \| Real estate finance \| Finanzmarktaufsicht \| Financial supervision \| Regulierung \| Regulation \| Finanzsektor \| Financial sector \| Bankenregulierung \| Bank regulation \| Wirkungsanalyse \| Impact assessment

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Extent:	1 Online-Ressource (circa 48 Seiten) Illustrationen
Series:	Staff working paper / Bank of Canada. - Ottawa : [Verlag nicht ermittelbar], ISSN 1701-9397, ZDB-ID 2278568-1. - Vol. 2016-41
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Zusammenfassung in französischer Sprache
Other identifiers:	hdl:10419/148148 [Handle]
Classification:	D14 - Personal Finance ; G28 - Government Policy and Regulation ; C63 - Computational Techniques
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011524648