Unregulated lending, mortgage regulations and monetary policy / by Ugochi Emenogu and Brian Peterson.: FB3-5/2022-28E-PDF
"Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated lenders. Our result shows that the presence of unregulated lenders dampens the impact of the policies on house prices and household debt. We also find that leakage to the unregulated sector increases when monetary policy is tightened"--Abstract.
Permanent link to this Catalogue record:
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| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Unregulated lending, mortgage regulations and monetary policy / by Ugochi Emenogu and Brian Peterson. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-28 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: June 27, 2022." Includes bibliographical references (pages 31-33). |
| Publishing information | [Ottawa] : Bank of Canada = Banque du Canada, 2022. ©2022 |
| Author / Contributor | Emenogu, Ugochi T., author. |
| Description | 1 online resource (ii, 42 pages) : charts. |
| Catalogue number |
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| Subject terms | Monetary policy. Financial institutions. Bank loans. Politique monétaire. Institutions financières. Prêts bancaires. |
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