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Mortgage loan regulation instruments around the world

In: CNB Global Economic Outlook - July 2020

Author

Listed:
  • Petr Polak
  • Lubos Komarek

Abstract

The property market has been experiencing a long-running and seemingly endless boom. Until an unexpectedly strong adverse shock occurred in the form of the coronavirus pandemic, the situation in many countries had been assessed as a clear market overheating with overvalued property prices. Property prices are closely followed by households, the real estate sector and commercial banks as well as by supervisory and prudential authorities. The latter use the tools available to them to try to take the action necessary to ensure the stability of the financial system. Calm and sustainable property prices are crucial for such stability. This article provides a brief overview of the possible ways of regulating mortgage loans together with the arguments available in the - mostly still only emerging - academic literature.

Suggested Citation

  • Petr Polak & Lubos Komarek, 2020. "Mortgage loan regulation instruments around the world," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - July 2020, pages 13-19, Czech National Bank.
    • Handle: RePEc:cnb:ocpubc:geo2020/7
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    File URL: https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/geo/geo_2020/gev_2020_07_en.pdf
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    References listed on IDEAS

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    2. Ściubeł, Anna, 2021. "Productivity of Production Factors in Polish Agriculture and in The Selected European Union Countries with Regard to The Common Agricultural Policy Payments," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 311275, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).

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