Irish central bankers take first look at effectiveness of macroprudential housing policies
Paper compares loans made within and without loan limits
Ireland's central bank has offered an initial analysis of its first year of implementing macroprudential measures aimed at the country's housing market.
In an "Economic Letter", published on July 22, Enda Keenan, Christina Kinghan, Yvonne McCarthy and Conor O'Toole present the most detailed data so far available on the subject.
From February 9, 2015, the Central Bank of Ireland applied loan-to-value (LTV) and loan-to-income (LTI) ratios on new residential loans. These were introduced to increase
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