Instruments designed to mitigate indebtedness

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dc.contributor Bank of Finland
dc.contributor.author Kauko, Karlo
dc.contributor.author Norring, Anni
dc.date.accessioned 2018-05-24T13:12:33Z
dc.date.available 2018-05-24T13:12:33Z
dc.date.issued 2018
dc.identifier.issn 1456-5870
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/15506
dc.description Issue: Financial stability
dc.description.abstract 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.
dc.format.extent 47-52
dc.language.iso ENG
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject makrovakaus
dc.subject makrovakauspolitiikka
dc.subject makrovakausvälineet
dc.subject.other macroprudential instruments
dc.subject.other macroprudential policy
dc.subject.other indebtedness
dc.subject.other households
dc.subject.other housing loans
dc.title Instruments designed to mitigate indebtedness
dc.type Journal article
dc.identifier.urn URN:NBN:fi:bof-201805241581
dc.series.name Bank of Finland. Bulletin
dc.series.volume 92
dc.series.number 2/2018
dc.date.publication 24.5.2018
dc.subject.yso kotitaloudet (organisaatiot)
dc.subject.yso asuntolainat
dc.subject.yso velkaantuminen
dc.relation.url http://www.bofbulletin.fi/
bof-internal.includedInCRIS 1
dc.type.okm E1

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