The Implementation of Borrower-Based Measures: The Case of the Czech Republic

Lukáš Fiala ()
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Lukáš Fiala: Prague University of Economics and Business

Chapter Chapter 8 in Regulation of Finance and Accounting, 2022, pp 95-107 from Springer

Abstract: Abstract The article deals with the implementation of borrower-based measures within the framework of the macroprudential policy in the Czech Republic. The contribution is threefold. Firstly, we show the activation of instruments relating to mortgage market and house price development, which have gained strong growth during the last 5 years. Secondly, we discuss the Czech National Bank’s reaction to the COVID-19 crisis in the form of active instruments targeted at borrowers, which led to the abolition of debt-to-income (DTI) and debt-service-to-income (DSTI) ratios. Finally, we provide a view on the effort to incorporate these instruments into the national legal framework.

Keywords: Czech National Bank; Macroprudential policy; Borrower-based measures (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-99873-8_8

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DOI: 10.1007/978-3-030-99873-8_8

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