Figure 7: NBDT mortgage stock by LVR, and NBDT share of total high-LVR mortgages <70 LVR 70-80 LVR 80-90 LVR 90+ LVR Other NBDT share of total LVR>80 loans  $  1,200 1,000  %  1.6 1.4 1.2  800  1  600  0.8 0.6  400  0.4 200  0.2  0  Mar-19  Jul-18  Nov-18  Mar-18  Jul-17  Nov-17  Mar-17  Jul-16  Nov-16  Mar-16  Jul-15  Nov-15  Mar-15  Nov-14  Jul-14  0  Part 3 – Strategy for macroprudential policy The experience we have had in operating macroprudential policy is invaluable for developing an effective policy strategy.
Accordingly, although an old topic in economic literature, the G20 under the French Presidency has added a new agenda item, namely, the “Reform of the International Monetary System”. A working group was established to discuss the future global monetary system, with a view to achieving a more stable and representative system.