-interest rate policy tools, including macroprudential measures, in stabilising house prices and housing credit. In conventional … panel regressions, housing credit growth is significantly affected by changes in the maximum debt-service-to-income (DSTI … DSTI ratio limit has a significant effect on housing credit growth when we use mean group and panel event study methods …

Banks and other lenders often transfer credit risk to liberate capital for further loan intermediation. This paper aims … to explore the design, prevalence and effectiveness of credit risk transfer (CRT). The focus is on the costs and benefits … for the efficiency and stability of the financial system. After an overview of recent credit risk transfer activity, the …

regulatory capital buffer requirements for banks. The gap between the ratio of credit-to-GDP and its long-term backward …-wide vulnerabilities that typically lead to banking crises. Other indicators, such as credit spreads, are better in indicating the release … phase as they are contemporaneous signals of banking sector distress that can precede a credit crunch. …

Securitization was meant to disperse credit risk to those who were better able to bear it. In practice, securitization …

necessarily the best for the timing and intensity of the release. The credit-to-GDP ratio seems best for the build-up phase. Some … measure of aggregate losses, possibly combined with indicators of credit conditions, seem to perform well for signalling the …

occasional build-up of financial imbalances, typically in the form of unsustainable credit and asset price booms, will occur …