Instruments designed to mitigate indebtedness

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Titel: Instruments designed to mitigate indebtedness
Författare: Kauko, Karlo ; Norring, Anni
Institution: Bank of Finland
Serie: Bank of Finland. Bulletin
Serievolum: 92
Serienumber: 2/2018
Utgivningsår: 2018
Utgivningsdatum: 24.5.2018
Sidor: 47-52
Subject (yso): kotitaloudet (organisaatiot); asuntolainat; velkaantuminen
Nyckelord: makrovakaus; makrovakauspolitiikka; makrovakausvälineet
Andra nyckelord: macroprudential instruments; macroprudential policy; indebtedness; households; housing loans
Abstrakt: Borrower-based instruments generally refer to measures aimed at mitigating the indebtedness of individuals or households. These instruments have most commonly been used to impose limits on housing loans. The purpose of borrower-based instruments is to contain household indebtedness and prevent house price bubbles. The most common instrument in Europe is the maximum loan-to-value (LTV) ratio for housing loans, i.e. the loan cap, which is also in use in Finland. Research has proven the effectiveness of borrower-based instruments in preventing both price bubbles and excessive indebtedness.
Anmärking: Issue: Financial stability

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