01770cas a2200253 a 4500 AALejournalIMF014389 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484383445 1018-5941 BD-DhAAL BD-DhAAL Krznar, Ivo. With Great Power Comes Great Responsibility : Macroprudential Tools at Work in Canada / Ivo Krznar, James Morsink. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The goal of this paper is to assess the effectiveness of the policy measures taken by Canadian authorities to address the housing boom. We find that the the last three rounds of macroprudential policies implemented since 2010 were associated with lower mortgage credit growth and house price growth. The international experience suggests that-in addition to tighter loan-to-value limits and shorter amortization periods-lower caps on the debt-to-income ratio and higher risk weights could be effective if the housing boom were to reignite. Over the medium term, the authorities could consider structural measures to further improve the soundness of housing finance. Mode of access: Internet Morsink, James. IMF Working Papers; Working Paper ; No. 2014/083 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/083/001.2014.issue-083-en.xml IMF e-Library