Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/242266 
Authors: 
Year of Publication: 
2019
Citation: 
[Journal:] European Financial and Accounting Journal [ISSN:] 1805-4846 [Volume:] 14 [Issue:] 1 [Publisher:] University of Economics, Faculty of Finance and Accounting [Place:] Prague [Year:] 2019 [Pages:] 5-24
Publisher: 
University of Economics, Faculty of Finance and Accounting, Prague
Abstract: 
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.
Subjects: 
Credit bureau
Creditworthiness
Financial consumer protection
Household debt
Mortgage loan
Regulation of the credit market
JEL: 
E44
E58
G21
Persistent Identifier of the first edition: 
Document Type: 
Article

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