The Residential Mortgage (De)regulation–Innovation nexus

de Silva, Ashton J and Boymal, Jonthan and Potts, Jason and Thomas, Stuart (2015): The Residential Mortgage (De)regulation–Innovation nexus.

Abstract

The stance of Australia’s central authorities with respect to residential mortgage innovation appears different from many of our international counterparts. In this article we provide an interpretation of this policy stance, concluding that signals are arguably a more prominent feature of Australia’s policy environment than many of our overseas counterparts. In addition we also observe that whilst there is a strong link between innovation and (de)regulation, a healthy degree of competition appears to be necessary if a wider-set of consumers are to have access to these innovations.

• Item Type: MPRA Paper
• Language: English
• Keywords: Mortgage innovation, macro prudential regulation, policy, house prices
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E65 - Studies of Particular Policy Episodes; G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location > R31 - Housing Supply and Markets; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location > R38 - Government Policy

References

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de Silva, A., J. Boymal. S.Thomas and J. Potts (2015) Residential Mortgage Innovation and House Prices Unpublished –available upon request

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