Hallissey, Niamh; Kelly, Robert; O'Malley, Terry - Central Bank of Ireland - 2014
The high level of mortgage arrears in the Irish financial system and the associated overhang on economic growth underlines the importance of prudent lending standards throughout the property cycle. Macro-prudential tools such as loan-to-value (LTV) ratio caps and loan-to-income (LTI) ratio caps...