Regulation of Foreign Currency Mortgage Loans : The Case of Transition Countries in Central and Eastern Europe

The current financial crisis has had a major impact on the financial sectors of the Central and Eastern European (CEE) region. The impact has been exacerbated in many cases by the presence of foreign currency mortgage loans. The risk is both for th...

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Bibliographic Details
Main Authors:	Dübel, Hans-Joachim, Walley, Simon
Format:	Other Financial Sector Study
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	AMORTIZATION BALANCE SHEET BANK INTEREST RATE BANK LENDING BANK LIQUIDITY BANK MARKET BANK REGULATION BANKING SECTOR BANKING SECTOR ASSETS BANKING SYSTEM BANKING SYSTEMS BOND ISSUANCE BOND ISSUE BOND ISSUERS BOND MARKETS BORROWER BORROWING COSTS BRANCH NETWORK BROKER BROKERS CAPITAL BASE CAPITAL FLOWS CAPITAL GAIN CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKET CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITALIZATION CASH FLOWS CDS CENTRAL BANK CENTRAL BANKS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS CONSUMER CREDIT CONSUMER GOODS CONSUMER LOANS CONSUMER PRICE INDEX CONSUMER PROTECTION CONTRACTUAL SAVING CONTRACTUAL SAVINGS CREDIBILITY CREDIBILITY PROBLEMS CREDIT BUREAU CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT EXPANSION CREDIT HISTORIES CREDIT MARKET CREDIT MARKETS CREDIT RISK CURRENCY BOARD CURRENT ACCOUNT DEFICITS DEBT DEBT CRISIS DEBT LEVELS DEBT OUTSTANDING DEBT SERVICE DEBT SERVICING DEBTS DEFAULT RISK DEFAULTS DEMAND-SIDE FACTORS DEPOSIT DEPOSITS DEVALUATION DEVALUATIONS DOLLAR BOND DOLLAR BOND MARKETS DOMESTIC CURRENCY DOMESTIC INTEREST RATES EMERGING MARKET EMERGING MARKETS EUROBOND EXCHANGE RATE EXCHANGE RATES EXTERNAL DEBT FEE INCOME FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STRESS FISCAL DEFICIT FIXED EXCHANGE RATE FIXED INTEREST FIXED INTEREST RATES FLEXIBLE EXCHANGE RATE FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOAN FOREIGN CURRENCY LOANS FOREIGN CURRENCY RISK FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INDEBTEDNESS FOREIGN LENDER FOREIGN LENDERS FOREIGN MARKET GRACE PERIODS GROSS DOMESTIC PRODUCT HOLDINGS HOME FINANCING HOST COUNTRY HOUSING FINANCE INCOME GROWTH INFLATION INFLATION RATE INFLATION RATES INSTITUTIONAL DEVELOPMENT INSTRUMENT INSURANCE INSURANCE PRODUCTS INTEREST RATE INTEREST RATE DATA INTEREST RATE DIFFERENTIAL INTEREST RATE DIFFERENTIALS INTEREST RATE PAYMENTS INTEREST RATE POLICIES INTEREST RATE RISK INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENTS INVESTMENT BANKS INVESTMENT VEHICLE LACK OF TRANSPARENCY LENDER LENDERS LEVEL OF DEBT LEVEL OF INTEREST RATES LEVEL OF RISK LIQUID MARKETS LIQUIDITY LIQUIDITY CONSTRAINTS LIQUIDITY CRISIS LIQUIDITY PROBLEMS LIQUIDITY RISK LIQUIDITY RISKS LOAN LOAN BALANCE LOAN MARKET LOAN PRODUCT LOAN PRODUCTS LOAN RATES LOAN REPAYMENT LOAN REPAYMENTS LOAN VOLUMES LOANS TO INDIVIDUALS LOCAL BANK LOCAL BANKS LOCAL CURRENCIES LOCAL CURRENCY LOCAL LENDER LOCAL LENDERS MARKET COMPETITION MARKET DEVELOPMENT MARKET INDICES MARKET INTEREST RATES MARKET LIQUIDITY MARKET PRACTICES MARKET SHARE MARKET SHARES MATURITIES MATURITY MAXIMUM MATURITY MONETARY POLICIES MONETARY POLICY MONEY MARKET MONEY MARKET RATE MORTGAGE MORTGAGE BOND MORTGAGE BONDS MORTGAGE FINANCE MORTGAGE INTEREST MORTGAGE INTEREST RATE MORTGAGE INTEREST RATES MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE MARKETS MORTGAGES NATIONAL BANK NONPERFORMING LOAN NPL OUTSTANDING LOAN PAYMENT DEFAULTS PERSONAL LOANS PORTFOLIO PORTFOLIO PERFORMANCE PORTFOLIOS PROBABILITY OF DEFAULT REAL EXCHANGE RATES REAL INTEREST REGULATORY FRAMEWORK REPAYMENT REPAYMENT PERIOD RESIDENTIAL MORTGAGES RISK FACTORS RISK MANAGEMENT RISK OF DEFAULT RISK PROFILES RISK SHARING SAFETY NET SAVINGS BANK SAVINGS BANKS SHORT-TERM INTEREST RATE STATE GUARANTEES SWAP MARKET SWAPS TAX TAX BENEFITS TAX DEDUCTIONS TAX INCENTIVES TRANSACTION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION ECONOMY UNIVERSAL BANKS VARIABLE RATE
Online Access:	http://documents.worldbank.org/curated/en/2012/12/16357477/regulation-foreign-currency-mortgage-loans-case-transition-countriesbrin-central-eastern-europe http://hdl.handle.net/10986/12943