Housing and Financial Stability: Mortgage Lending and Macroprudential Policy in the UK and US (Routledge Research in Finance and Banking Law) 1st Edition by Alan Brener 9781000030044 1000030040

Housing and Financial Stability: Mortgage Lending and Macroprudential Policy in the UK and US (Routledge Research in Finance and Banking Law) 1st Edition Alan Brener – Ebook Instant Download/Delivery ISBN(s): 9780367355531, 0367355531, 9781000030044, 1000030040

Product details:

• ISBN 10: 1000030040
• ISBN 13: 9781000030044
• Author: Alan Brener 

This book brings together politics, law, financial services regulation, economics and housing policy in the analysis of mortgage lending and macroprudential policy in the UK and US. The book addresses the relationship between housing policy, credit and financial instability in light of the recent global financial crisis, and proposes both short and long-term solutions. Although it is not known where the next crisis will come from, history suggests that it will have credit and property at its source. Thus, it is important that the UK and other countries look more broadly at what should be done in terms of policies, institutions and tools to make the housing market and mortgage lenders more resilient against a future crisis. This book sets out a number of workable proposals. Central to this work are questions relating to the quantitative macroprudential measures, such as loan-to-value (LTV) and debt-to-income (DTI) restrictions, and whether these can be used to any significant extent in western democracies and, if employed, whether they are likely to be effective. In particular, the book questions the political legitimacy of their use and the potential consequences for the institutions, such as central banks, promulgating such policies. Preserving financial stability in very uncertain market conditions is of key importance to central bankers and other regulators, and macroprudential policy is a rapidly growing subject for both legal and economics study. This book will therefore be of interest to financial professionals, policy-makers and academics.

Table contents:

1 Introduction – housing, mortgages and society
2 Macroprudential policies: rationale, scope and issues
3 Macroprudential policy instruments
4 US mortgage conduct of business regulatory policy
5 Conduct of business mortgage regulation in the UK
6 The political legitimacy of using macroprudential policy instruments
7 US Federal intervention in the housing market and possible lessons from the Veterans Administration
8 Housing markets: the political and macroprudential policy implications
9 Conclusion

People also search:

housing stability assessment

housing stability index

housing and stability act 2019

housing stability meaning

housing stability definition