The impact of regulatory measures on the development of household indebtedness
The purpose of this contribution is to evaluate the regulatory measures of the Czech central bank within the context of financial consumer protection aimed at slowing down the growth of the mortgage market by introducing new recommendations to restrict LTV limits and other indicators. Households are taking advantage of the availability of mortgage loans in an environment of economic growth and low unemployment. However, the growth in real estate prices raises fears of an increase in systemic risk caused by the developing gap between the growth of household indebtedness and the growth in real estate prices. The paper recapitulates the main factors of the growth rate of household indebtedness and the extent to which the adopted recommendations are effective.
Year of publication: |
2019
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Authors: | Rajl, Jiří |
Published in: |
European Financial and Accounting Journal. - Prague : University of Economics, Faculty of Finance and Accounting, ISSN 1805-4846. - Vol. 14.2019, 1, p. 5-24
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Publisher: |
Prague : University of Economics, Faculty of Finance and Accounting |
Subject: | Credit bureau | Creditworthiness | Financial consumer protection | Household debt | Mortgage loan | Regulation of the credit market |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Article |
Language: | English |
Other identifiers: | 10.18267/j.efaj.220 [DOI] 1681436671 [GVK] hdl:10419/242266 [Handle] |
Classification: | E44 - Financial Markets and the Macroeconomy ; E58 - Central Banks and Their Policies ; G21 - Banks; Other Depository Institutions; Mortgages |
Source: |
Persistent link: https://www.econbiz.de/10012623012
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