Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/173762 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
NBB Working Paper No. 306
Verlag: 
National Bank of Belgium, Brussels
Zusammenfassung: 
In December 2013 the National Bank of Belgium introduced a sectoral capital requirement aimed at strengthening the resilience of Belgian banks against adverse developments in the real estate market. This paper assesses the impact of this macroprudential measure on mortgage lending spreads. Our results indicate that affected banks reacted heterogeneously to the introduction of the measure. Specifically, mortgage-specialised and capital-constrained banks increase mortgage lending spreads by a greater amount. As expected, the impact of the measure on mortgage loan pricing has been rather modest in economic terms.
Schlagwörter: 
Systemic risk
macroprudential policy
bank capital requirements
real estate
JEL: 
E44
E58
G21
G28
Dokumentart: 
Working Paper

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