IMF puts new macro-prudential database to work
Fund uses new data to test effectiveness of LTV ratios
The International Monetary Fund has created a new database to assess the effectiveness of macro-prudential policies.
The new dataset, from the “integrated macroprudential policy” (iMaPP) database, was created during a piece of research looking into the effectiveness of loan-to-value ratios.
“We found strong and nonlinear effects on household credit of LTV changes,” the team of authors write. “The effects per one percentage point LTV tightening are diminishing with the size of the LTV
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