(2013) show that the strong counter-cyclical properties of the DTI cap helps to moderate the financial cycle. My take on this evidence is that LTVs/DTIs need to be used aggressively and it may be necessary to use several instruments at the same time. Two telling practical examples are Singapore and China.
We will support the development of the “G60 Science and Technology Innovation Corridor” driven by the building of Shanghai into a science and technology innovation center, promote the application of Shanghai’s financial opening-up innovative policies to the Corridor, and improve financial services for sci-tech innovation enterprises. 7.