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List best practices for use of macro-prudential policies in housing market

This seems called for now, so Asian regulators can be guided in their implementation, with flexibility built in to account for differences in the region's markets.

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Policy makers are concerned about housing affordability and possible disruptions to financial and macroeconomic stability when property prices are volatile.

ASIA has faced at least three major crises in the last two decades - Asian Financial Crisis (AFC) of 1997-98; Global Financial Crisis (GFC) of 2008-09; and the ongoing Covid-19 crisis of 2020. In between these crises was the Nasdaq bubble collapse of 2001, the "taper tantrum" period in 2013 and...

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