2026-07-22T12:48:49Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/112272023-06-08T10:59:24Zcom_123456789_11141com_123456789_21col_123456789_11221
Repositorio Institucional
author
Leal, Ana Cristina
author
Lima, Diana
2020-04-02T11:46:18Z
2020-04-02T11:46:18Z
2018-11
https://repositorio.bde.es/handle/123456789/11227
000464779
REFI-2018-35-029
A borrower-based macroprudential policy measure was recently adopted in Portugal targeting new loans for households, including both mortgage and consumer credit. The macroprudential measure recommends limits to LTV ratios, DSTI ratios and maturities of new loans, and the regular payments of interest and capital. The measure also encompasses interest rate and income shocks in its design. The purpose of this policy action is to ensure that credit institutions and financial companies do not take excessive risk when granting new household loans, promoting the resilience of the financial sector and the access of borrowers to sustainable lending. Taking into account the innovative and complex nature of the measure, this paper shares the portuguese experience in operationalising borrowerbased measures and discusses its appropriateness in light of the risks, the policy goals and the timing of the policy action.
en
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
Macroprudential policy in Portugal: experience with borrower-based instruments
ArtÃculo
URL
https://repositorio.bde.es/bitstream/123456789/11227/1/Macroprudential_policy_espanol.pdf
File
MD5
418a27d72e9bae1b10fdf477278eaf8e
1647174
application/pdf
Macroprudential_policy_espanol.pdf
URL
https://repositorio.bde.es/bitstream/123456789/11227/2/Macroprudential_policy_espanol.pdf.txt
File
MD5
428e591c70bcc9153fad051b7c1d8997
96812
text/plain
Macroprudential_policy_espanol.pdf.txt