Effects of Macroprudential Policies on Bank Lending and Credit Risks
نویسندگان
چکیده
Abstract I analyse the effects of two macroprudential policy measures implemented in Switzerland: activation countercyclical capital buffer (CCyB) and a cap on loan-to-value (LTV) ratios. use difference-in-differences method to estimate these risk indicators, such as their LTV loan-to-income (LTI) ratios mortgage growth rates. find that both CCyB led reduction high mortgages. The banks affected by also reduced do not any evidence had unintended consequences LTI risks, other lending standards, or non-mortgage credit growth.
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ژورنال
عنوان ژورنال: Journal of Financial Services Research
سال: 2022
ISSN: ['0920-8550', '1573-0735']
DOI: https://doi.org/10.1007/s10693-022-00378-z