It takes the average reader and 35 minutes to read Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea by Ms.Deniz Igan
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With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by analyzing the Korean experience with these measures. We find that loan-to-value and debt-to-income limits are associated with a decline in house price appreciation and transaction activity. Furthermore, the limits alter expectations, which play a key role in bubble dynamics.
Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea by Ms.Deniz Igan is 35 pages long, and a total of 8,925 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 48 minutes to read Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea aloud.
Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea is suitable for students ages 8 and up.
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