Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Macroprudential Policy Framework

June 18, 2024

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Format: Chicago

Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Macroprudential Policy Framework, (USA: International Monetary Fund, 2024) accessed September 27, 2024

Summary

Macroprudential policy in the Netherlands has centered on the residential real estate (RRE) market given the importance of this market for households, banks, and insurers. RRE represents nearly 50 percent of total household assets, and housing loans account for about 85 percent of total household liabilities, more than half of Dutch banks’ domestic loan portfolio, and 15 percent of insurers’ assets. Authorities have therefore actively used RRE-related macroprudential tools, such as banks’ capital risk weighting of residential mortgage loans, limits on loan-to-value (LTV) and debt service-to-income (DSTI) ratios for mortgages, or mortgage interest deductibility from taxes (MID).

Subject: Financial institutions, Financial sector policy and analysis, Financial sector stability, Housing prices, International organization, Macroprudential policy, Macroprudential policy instruments, Monetary policy, Mortgages, Prices

Keywords: Financial sector stability, Global, Housing prices, Infrastructure regulation, Macroprudential policy, Macroprudential policy instruments, Markets authority, Mortgage interest deductibility, Mortgages, Property market, Statistics Netherlands

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/171
Stock No:

1NLDEA2024007
ISBN:

9798400279980
ISSN:

1934-7685

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