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The effectiveness of loan-to-value ratio policy and its interaction with monetary policy in New Zealand: an empirical analysis using supervisory bank-level data

In: Measuring the effectiveness of macroprudential policies using supervisory bank-level data

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  • Fang Yao
  • Bruce Lu

Abstract

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Suggested Citation

  • Fang Yao & Bruce Lu, 2020. "The effectiveness of loan-to-value ratio policy and its interaction with monetary policy in New Zealand: an empirical analysis using supervisory bank-level data," BIS Papers chapters, in: Bank for International Settlements (ed.), Measuring the effectiveness of macroprudential policies using supervisory bank-level data, volume 110, pages 51-62, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:110-05
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    File URL: https://www.bis.org/publ/bppdf/bispap110e.pdf
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    References listed on IDEAS

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    1. Mathias Drehmann, 2013. "Total credit as an early warning indicator for systemic banking crises," BIS Quarterly Review, Bank for International Settlements, June.
    2. Gambacorta, Leonardo, 2005. "Inside the bank lending channel," European Economic Review, Elsevier, vol. 49(7), pages 1737-1759, October.
    3. Chris Bloor & Bruce Lu, 2019. "Have the LVR restrictions improved the resilience of the banking system?," Reserve Bank of New Zealand Analytical Notes series AN2019/07, Reserve Bank of New Zealand.
    4. Armstrong, Jed & Skilling, Hayden & Yao, Fang, 2019. "Loan-to-value ratio restrictions and house prices: Micro evidence from New Zealand," Journal of Housing Economics, Elsevier, vol. 44(C), pages 88-98.
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    Cited by:

    1. William Gatt, 2024. "Loan‐to‐value limits as a macroprudential policy tool: Developments in theory and practice," Journal of Economic Surveys, Wiley Blackwell, vol. 38(1), pages 232-267, February.

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