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  • 1
    Online Resource
    Online Resource
    Digging Deeper--Evidence on the Effects of Macroprudential Policies from a New Database / (2019)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9959310767602883
    Format: 1 online resource (58 pages).
    ISBN: 1-4983-0478-8 , 1-4983-0481-8
    Series Statement: IMF Working Papers
    Content: This paper introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using these data, we first confirm that loan-targeted instruments have a significant impact on household credit, and a milder, dampening effect on consumption. Next, we exploit novel numerical information on loan-to-value (LTV) limits using a propensity-score-based method to address endogeneity concerns. The results point to economically significant and nonlinear effects, with a declining impact for larger tightening measures. Moreover, the initial LTV level appears to matter; when LTV limits are already tight, the effects of additional tightening on credit is dampened while those on consumption are strengthened.
    Additional Edition: ISBN 1-4983-0270-X
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Charité
  • 2
    Online Resource
    Online Resource
    Digging Deeper--Evidence on the Effects of Macroprudential Policies from a New Database / (2019)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9959310767602883
    Format: 1 online resource (58 pages).
    ISBN: 1-4983-0478-8 , 1-4983-0481-8
    Series Statement: IMF Working Papers
    Content: This paper introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using these data, we first confirm that loan-targeted instruments have a significant impact on household credit, and a milder, dampening effect on consumption. Next, we exploit novel numerical information on loan-to-value (LTV) limits using a propensity-score-based method to address endogeneity concerns. The results point to economically significant and nonlinear effects, with a declining impact for larger tightening measures. Moreover, the initial LTV level appears to matter; when LTV limits are already tight, the effects of additional tightening on credit is dampened while those on consumption are strengthened.
    Additional Edition: ISBN 1-4983-0270-X
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 3
    Online Resource
    Online Resource
    Leverage—A Broader View / (2018)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9960178258802883
    Format: 1 online resource (29 pages)
    ISBN: 1-4843-4830-3 , 1-4843-4833-8
    Series Statement: IMF Working Papers
    Content: Traditional measures of leverage in the financial system tend to reflect bank balance sheet data. The paper argues that these traditional, bank-centric measures should be augmented by considering pledged collateral in the financial system since pledged collateral provides a measure of an important part of nonbank funding to banks. From a policy perspective, the paper suggests that a broader view on leverage will enhance our understanding of global systemic risk, and complement the theoretical work in this field by providing a link from micro-level leverage data to macro aggregates such as credit to the economy.
    Note: Cover -- Contents -- I. Introduction -- II. Literature Review -- III. Financial System Leverage -- IV. A Broader View of Leverage -- V. Conclusion -- Tables -- 1. Estimating Nonbank Funding to U.S. Banks (2008-16) -- 2. Pledged Collateral Received for Reuse -- Figures -- 1. Nonbank Funding to Banks -- 2. Relative Financial "Lubrication" from Pledged Collateral and Money -- 3a. Panel of Global Banks Active in Off-Balance Sheet Collateral Financing -- 3b. Panel of Global Banks Active in Off-Balance Sheet Collateral Financing -- 4. U.S. Banks Active in the Pledged Collateral Market -- 5. European Banks (plus Nomura) Active in the Pledged Collateral Market -- Boxes -- 1. Some Analytics on Nonbank/Bank Funding -- 2. International Accounting Standards and the Leverage Metric -- 3. Dealer Balance Sheet Constraints from Leverage Ratio -- 4. Econometric Implications of Using a Broader Leverage Metric -- References -- Annexes -- I. Leveraging/Deleveraging Components-Balance Sheet and -- II. Hedge Funds Leverage-Some Estimates -- III. Flow-of-Funds Data and its Limitations.
    Additional Edition: ISBN 1-4843-4703-X
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 4
    Online Resource
    Online Resource
    Leverage—A Broader View / (2018)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9960178258802883
    Format: 1 online resource (29 pages)
    ISBN: 1-4843-4830-3 , 1-4843-4833-8
    Series Statement: IMF Working Papers
    Content: Traditional measures of leverage in the financial system tend to reflect bank balance sheet data. The paper argues that these traditional, bank-centric measures should be augmented by considering pledged collateral in the financial system since pledged collateral provides a measure of an important part of nonbank funding to banks. From a policy perspective, the paper suggests that a broader view on leverage will enhance our understanding of global systemic risk, and complement the theoretical work in this field by providing a link from micro-level leverage data to macro aggregates such as credit to the economy.
    Note: Cover -- Contents -- I. Introduction -- II. Literature Review -- III. Financial System Leverage -- IV. A Broader View of Leverage -- V. Conclusion -- Tables -- 1. Estimating Nonbank Funding to U.S. Banks (2008-16) -- 2. Pledged Collateral Received for Reuse -- Figures -- 1. Nonbank Funding to Banks -- 2. Relative Financial "Lubrication" from Pledged Collateral and Money -- 3a. Panel of Global Banks Active in Off-Balance Sheet Collateral Financing -- 3b. Panel of Global Banks Active in Off-Balance Sheet Collateral Financing -- 4. U.S. Banks Active in the Pledged Collateral Market -- 5. European Banks (plus Nomura) Active in the Pledged Collateral Market -- Boxes -- 1. Some Analytics on Nonbank/Bank Funding -- 2. International Accounting Standards and the Leverage Metric -- 3. Dealer Balance Sheet Constraints from Leverage Ratio -- 4. Econometric Implications of Using a Broader Leverage Metric -- References -- Annexes -- I. Leveraging/Deleveraging Components-Balance Sheet and -- II. Hedge Funds Leverage-Some Estimates -- III. Flow-of-Funds Data and its Limitations.
    Additional Edition: ISBN 1-4843-4703-X
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Charité
  • 5
    Online Resource
    Online Resource
    Digging deeper : evidence on the effects of macroprudential policies from a new database (2019)
    [Washington, DC] : International Monetary Fund
    Details
    UID:
    gbv_1666512389
    Format: 1 Online-Ressource (circa 58 Seiten) , Illustrationen
    ISBN: 9781498302708
    Series Statement: IMF working paper WP/19, 66
    Content: This paper introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using these data, we first confirm that loan-targeted instruments have a significant impact on household credit, and a milder, dampening effect on consumption. Next, we exploit novel numerical information on loan-to-value (LTV) limits using a propensity-score-based method to address endogeneity concerns. The results point to economically significant and nonlinear effects, with a declining impact for larger tightening measures. Moreover, the initial LTV level appears to matter; when LTV limits are already tight, the effects of additional tightening on credit is dampened while those on consumption are strengthened
    Additional Edition: Erscheint auch als Druck-Ausgabe Alam, Zohair Digging Deeper--Evidence on the Effects of Macroprudential Policies from a New Database Washington, D.C. : International Monetary Fund, 2019 ISBN 9781498302708
    Language: English
    Keywords: Graue Literatur
    DOI: 10.5089/9781498302708.001
    URL: kostenfrei
    URL: Volltext  (kostenfrei)
    URL: Volltext  (kostenfrei)
    URL: kostenfrei
    Author information: Nier, Erlend W.
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Fulltext
    Fulltext
    Stabi Berlin
  • 6
    Online Resource
    Online Resource
    Leverage : a broader view (2018)
    [Washington, D.C.] : International Monetary Fund
    Details
    UID:
    gbv_1023239132
    Format: 1 Online-Ressource (circa 29 Seiten) , Illustrationen
    ISBN: 9781484347034
    Series Statement: IMF working paper WP/18, 62
    Content: Traditional measures of leverage in the financial system tend to reflect bank balance sheet data. The paper argues that these traditional, bank-centric measures should be augmented by considering pledged collateral in the financial system since pledged collateral provides a measure of an important part of nonbank funding to banks. From a policy perspective, the paper suggests that a broader view on leverage will enhance our understanding of global systemic risk, and complement the theoretical work in this field by providing a link from micro-level leverage data to macro aggregates such as credit to the economy
    Additional Edition: Erscheint auch als Druck-Ausgabe Singh, Manmohan Leverage-A Broader View Washington, D.C. : International Monetary Fund, 2018 ISBN 9781484347034
    Language: English
    Keywords: Graue Literatur
    DOI: 10.5089/9781484347034.001
    URL: kostenfrei
    URL: Volltext  (kostenfrei)
    URL: Volltext  (kostenfrei)
    URL: kostenfrei
    Author information: Kumar, Manmohan S.
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Fulltext
    Fulltext
    Stabi Berlin
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