In addition, MSCI will share our experiences with regulators in other countries, such as India, Korea and Taiwan, when they
made similar policy changes.
CMHC
says similar policy changes introduced in Vancouver last year reduced the number of foreign buyers in that city, but Greater Vancouver's housing market has since pushed back up.
The change, which applies to all retailers that accept AmEx, comes in addition to
similar policy changes the company has already made, such as the elimination of signature requirements for purchases under $ 50 in the United States, $ 100 in Canada and 30 euros in the United Kingdom.
Last November, CALDER released a paper exploiting
a similar policy change in Washington state.
The authors used Edwards» methodology to determine what
a similar policy change might mean on a national scale.