Have a personal or library account? Click to login
The Role of Macroprudential Policy in Bank Housing Loans Portfolio Quality Assurance Cover

The Role of Macroprudential Policy in Bank Housing Loans Portfolio Quality Assurance

Open Access
|Dec 2021

References

  1. Allen, J., T. Grieder, B. Peterson & T. Roberts. (2018). The impact of macroprudential housing finance tools in Canada. Journal of Financial Intermediation, forthcoming.
  2. Ari, A., Chen, S., & Ratnowski L. (2020). COVID-19 and non-performing loans: lessons from past crises, Research bulletin NO. 71.
  3. Bajari, P. (2010). An Empirical Model of Subprime Mortgage Default from 2000 to 2007. NBER Working Papers 14625. National Bureau of Economic Research, Inc.
  4. Basel Committee on Banking Supervision (BCBS). (2010). An assessment of the long-term economic impact of stronger capital and liquidity requirements.
  5. Campbell, JY & Cocco JF (2015). A Model of Mortgage Default. The Journal of Finance. John Wiley and Sons.10.1111/jofi.12252
  6. Carlsson-Szlezak, P., Reeves, M., Swartz. P. (2020). What coronavirus could mean for the global economy? Harvard Business Review.
  7. Central Bank of Bosnia and Herzegovina - CBBH. (2018). Financial stability reports. ISSN 1840-4103.
  8. Committee on the Global Financial System. (2020). Property price dynamics: domestic and international drivers, https://www.bis.org/publ/cgfs64.pdf, accessed 30.7.2020.
  9. Duca M., Pirovano M., Rusnák M.and Tereanu E. (2019). Macroprudential analysis of residential real estate markets. Macroprudential Bulletin, vol. 7.
  10. ECB.(2015). Economic and monetary developments. Economic Bulletin. Issue 6/2015.
  11. ECB. (2020). ECB Financial Stability Review. https://www.ecb.europa.eu, accessed 1.6.2021.
  12. EUROPEAN COMMISSION. (2021). Spring 2021 Economic Forecast: Rolling up sleeves. https://ec.europa.eu/, accessed 1.6.2021.
  13. ESRB. (2019). Vulnerabilities in the residential real estate sectors of the EEA countries,https://www.esrb.europa.eu/pub/pdf/reports/esrb.report190923_vulnerabilities_eea_countries~a4864b42bf.en.pdf, accessed 20.6.2020.
  14. European Systemic Risk Board. (2017). Housing market development, https://ec.europa.eu/info/sites/info/files/file_import/european-semester_thematic-factsheet_housing-market-developments_en.pdf, accessed 20.6.2020.
  15. European Systemic Risk Board. (2019). Methodologies for the assessment of real estate vulnerabilities and macroprudential policies: residential real estate, https://www.esrb.europa.eu/pub/pdf/reports/esrb.report190923_methodologies_assessment_vulnerabilities_macroprudential_policies~7826295681.en.pdf, accessed 20.6.2020.
  16. Galati, G. & R. Moessner. (2013). Macroprudential policy - A literature review. Journal of Economic Surveys 27 (5). 846-878.
  17. Gaudêncio, J., Mazany, A. & Schwarz, C. (2019). The Impact of Lending Standards on Default Rates of Residential Real-Estate Loans. ECB Occasional Paper No. 220; ISBN 978-92-899-3685-9. Available at SSRN: https://ssrn.com/abstract=3356407, accessed 20.6.2020.
  18. Gerlach-Kristen, P. & Lyons S. (2015). Mortgage arrears in Europe: The impact of monetary and macroprudential policies. SNB Working Paper 5/2015.
  19. Ghent, AC and M. Kudlyak. (2011). Recourse and residential mortgage default: Theory and evidence from US states. Review of Financial Studies 24 (9), 3139-3186.10.1093/rfs/hhr055
  20. Household Finance and Consumption Network. (2016). The Household Finance and Consumption Survey: results from the second wave. ECB Statistics Paper. No. 18, ISBN 978-92-899-2644-7.
  21. Igan D. & Loungani P. (2012). Global housing cycles. IMF working paper 12/217.10.5089/9781475505672.001
  22. IMF. (2015). Bosnia and Herzegovina: Financial Sector Assessment Program Technical Note-Systemic Liquidity Management, Financial Safety Net, Insolvency Framework, and Macroprudential Policy.
  23. IMF. (2011). Global financial stability report. Available at http://www.imf.org/External/Pubs/FT/GFSR/2011/02/index.htm, accessed 10.7.2020.
  24. IMF. (2020). Regional Economic Outlook: Europe. Whatever It Takes: Europe’s Response to COVID-19. Washington, DC: International Monetary Fund.
  25. Jiménez G., Ongena, S., Peydró J.-L. & Saurina, J. (2017). Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments. Journal of Political Economy. University of Chicago Press. vol. 125 (6). pages 2126-2177.10.1086/694289
  26. Kent C. and Lowe P. (1998). Property-price cycles and monetary policy, Published in: The role of asset prices in the formulation of monetary policy. Basle, ISBN 9291310948. p. 239-263
  27. Li, W. & F. Oswald. (2017). Recourse and residential mortgages: The case of Nevada. Journal of Urban Economics 101, 1–13.10.1016/j.jue.2017.05.004
  28. Lewrick U., Schmieder C., Sobrun J. & Takats E., (2020). Releasing bank buffers to cushion the crisis - a quantitative assessment, BIS Bulletins11, Bank for International Settlements.
  29. Mayer, C. & Pence, K. & Sherlund, S. (2009). The Rise in Mortgage Defaults. Journal of Economic Perspectives 23, no. 1: 27–50. https://www.aeaweb.org/articles.php?doi=10.1257/jep.23.1.27, accessed 5.6.2020.10.1257/jep.23.1.27
  30. OECD. (2020). Housing amid Covid-19: Policy responses and challenges,http://www.oecd.org/coronavirus/policy-responses/housing-amid-covid-19-policy-responses-and-challenges-cfdc08a8/, accessed 5.6.2020.
  31. Stanga, I., Vlahu, R., and de Haan, J. (2017). Mortgage arrears, regulation and institutions: Cross-country records. DNB Working Paper n. 580. Available at SSRN:https://ssrn.com/abstract=3094242orhttp://dx.doi.org/10.2139/ssrn.3094242, accessed 5.6.2020.10.2139/ssrn.3094242
  32. The European Commission’s Joint Research Center. (2020).https://ec.europa.eu/jrc/en/news/jrc-analyses-covid-19-impact-economy-and-labour-markets-help-guide-eu-response, accessed 7.8.2020.
  33. Wong, E., Fong T., Li K. & H. Choi. (2011). Loan-to-value ratio as a macroprudential tool -Hong Kong SAR’s experience and cross-country evidence. Hong Kong Monetary Authority, Working Paper 01/2011.
DOI: https://doi.org/10.2478/ethemes-2021-0016 | Journal eISSN: 2217-3668 | Journal ISSN: 0353-8648
Language: English
Page range: 281 - 296
Submitted on: Aug 31, 2020
Accepted on: Jun 11, 2021
Published on: Dec 14, 2021
Published by: University of Niš, Faculty of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2021 Mirela Mitrašević, published by University of Niš, Faculty of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.