It takes the average reader and 32 minutes to read Effectiveness and Channels of Macroprudential Instruments by Mr.Thierry Tressel
Assuming a reading speed of 250 words per minute. Learn more
The crisis has highlighted the importance of setting up macro-prudential oversight frameworks, having effective macro-prudential instruments in place to be called upon to mitigate growing financial imbalances as needed. We develop a new approach using the euro area Bank Lending Survey to assess the effectiveness of macro-prudential policies in containing credit growth and house price appreciation in mortgage markets. We find instruments targeting the cost of bank capital most effective in slowing down mortgage credit growth, and that the impact is transmitted mainly through price margins, the same banking channel as monetary policy. Limits on loan-to-value ratios are also effective, especially when monetary policy is excessively loose.
Effectiveness and Channels of Macroprudential Instruments by Mr.Thierry Tressel is 32 pages long, and a total of 8,064 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Effectiveness and Channels of Macroprudential Instruments aloud.
Effectiveness and Channels of Macroprudential Instruments is suitable for students ages 8 and up.
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