Central Banks On Guard Against New Housing Hot Spots

<img src='http://www.nyc.gov/html/ocnyc/images/features/top_housing.jpg&#039; width='200px' view site… style=’float:left;padding:5px’ />

Norway’s new government is likely to follow suit, with the extra capital requirement applied to all assets, according to Erik Bruce, an economist with Nordea in Oslo. NO MAGIC CURE Bruce said Norway’s plans highlight a difficulty of macro-prudential policy – getting the timing right. To contain systemic risks, the policy brakes need to be applied early before dangers loom.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/09/19/economy-global-housing-idUSL3N0HE1DV20130919

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