House prices
BoE paper explores collateral’s impact on labour market
Collateral value affects hiring decisions by small businesses, authors find
‘Non-salient fees’ matter for mortgage pricing – BoE paper
Many borrowers appear to be less sensitive to fees than to interest rates, and firms exploit this
RBNZ publishes debt-to-income dataset
Data provides insight into how households might react to a financial shock, central bank says
BoE’s Cunliffe says housing tools have worked
More evidence has emerged on “borrower-based” tools since they were first tested, deputy says
Canadian mortgage insurers need more capital to survive downturn, IMF warns
The three insurers need an extra $11 billion to meet capital requirements, stress tests reveal
Putting modern monetary theory to the test
Sayuri Shirai asks whether MMT might hold the solution to Japan’s stagnation
BoE may impose capital floors on UK firms – PRA chief
Sam Woods says some leveraged loans are based on “heroic” risk assumptions
RBNZ review lends support to loan-to-value limits
Macro-prudential tool has been helpful in promoting financial stability, study finds
Cambodian central bank voices concerns over possible Chinese spillovers
Central bank fears a sharp drop in property market could trigger financial system risks
Bank of Canada warns of corporate debt risks
Annual financial system report notes the growing corporate debt in Canada’s extractive industries
Swedish governor calls for comprehensive reforms to housing market
Higher house prices boost private debt, which now poses greatest financial risk, adds the governor
RBA warns about falling Australian house prices
Prices have declined since 2017, although unemployment and interest rates are at low levels
Low interest rates adding to high global stability risks – IMF
Monetary policy-makers must look at both short- and medium-term stability risks, says Tobias Adrian
UK Labour Party floats idea of house price target for BoE
Report from opposition party suggests central bank could target 2% house price growth
Most US community banks could withstand housing slump – researcher
San Fran Fed researcher says less than 1% of banks would be “severely undercapitalised”
IMF recommends new tool to measure housing market risks
Model shows downside risks in Chinese housing market have grown recently, report finds
Housing market still a risk to financial stability – RBA assistant governor
Michele Bullock addresses concerns over recent tightening in lending standards
Mortgage innovations fuelled pre-crisis housing boom – paper
Researchers look at 60 million US mortgages to examine non-traditional mortgage products
DNB says house valuations need reform
“Systematic overvaluation” of Dutch housing is limiting effectiveness of macro-pru policy – DNB
Housing prices fuelled by low interest rates in Australia – research
Increased migration has also boosted rents since the 2000s, RBA authors find
Eurozone lending constraints are effective but only after a time lag, researcher says
IMF paper looks at efficacy of tighter lending on curbing house prices and credit
Australian governor says productivity rises needed to boost incomes
Lowe told lawmakers falling house prices will not ‘derail’ Australian economy
Thai central bank warns of housing and debt risks
Central bank says macro-prudential policy should curb build-up of weaknesses
IMF endorses Hong Kong’s tight macro-prudential measures
But risks to the outlook appear to be building, the fund says