Funke, Michael; Paetz, Michael - Institut für Makroökonomie und Wirtschaftspolitik, … - 2012
In the wake of the 2008-2009 global financial crisis, the macroeconom-ic discussion has returned to the topic of proactive macroprudential policies. One proactive approach, the use of loan-to-value (LTV) policies to curb booming proper-ty markets, has long been used by Hong Kong’s monetary...