macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage …

We show that the lightly regulated non-bank mortgage originators contributed disproportionately to the recent boom …-bust housing cycle. Using comprehensive data on mortgage originations, which we aggregate at the county level, we first establish …

The rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability … markets facing similar risks related to mortgage credit. … concerns. Many European credit institutions in mature markets have reacted by increasing securitization, particularly via …

This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and … whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes … compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess …

procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …