http://www.jstor.org/stable/25592442 Reinhart, Carmen, M., and Kenneth S. Rogoff, (2008), “Is the 2007 US sub-prime financial crisis so different? An international historical comparison”, American Economic Review 98(2), 339–44. http://www.jstor.org/stable/29730044 Saurina, Jesus, (2009), “Loan loss provisions in Spain: A working macro-prudential tool”, Revista de Estabilidad Financiera, 17,Banco de España, pp. 11–26.
http://bde.eu/webbde/Secciones/Publicaciones/InformesBoletinesRevistas/RevistaEstabilida dFinanciera/09/Noviembre/ief0117.pdf Wong, Eric, Tom Fong, Ka-fai Li and Henry Choi, (2011), “Loan-to-Value Ratio as a Macro-Prudential Tool – Hong Kong’s experience and cross-country evidence”, Hong Kong Monetary Authority, Working Paper 01/201 http://www.hkma.gov.hk/media/eng/ publication-and-research/research/working-papers/HKMAWP11_01_full.pdf  10  BIS central bankers’ speeches  BIS central bankers’ speeches  11  12  BIS central bankers’ speeches  Figure 4: Past and ongoing real housing price cycles and banking crises: peak- to-trough declines (left panel) and years duration of downturn (right panel)  Source: Reinhart and Rogoff (2009b) Notes: Each banking crisis episode is identified by country and the beginning year of the crisis.