Macroprudential Policy and its Impact on the Real Estate Market
| Autor: | Mgr. Lucie Wdowyczynová |
|---|---|
| Rok: | 2017 - letní |
| Vedoucí: | PhDr. Simona Malovaná Ph.D. |
| Konzultant: | |
| Typ práce: | Diplomová Finance, finanční trhy a bankovnictví |
| Jazyk: | Anglicky |
| Stránky: | 66 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/185556/ |
| Abstrakt: | After the recent world financial crisis, macroprudential policy tools have started to play an important role in maintaining financial stability. In many countries, the tools have been extensively used only in recent years and their effectiveness is often difficult to assess. Using an index as a proxy for policy tools is one of ways to measure their impact. In this thesis, a new index capturing, in contrast with other studies, also an intensity factor, is constructed. Results are mostly in accordance with economic intuition and existing studies and suggest that indices constructed in an equivalent way can help to understand the impact of policies on changes in housing prices and credit volumes. |
