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Sweden: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper discusses measures taken to enable timely macroprudential action in Sweden. The Swedish financial supervisory authority has adopted a number of macroprudential measures under its mandates for financial stability and consumer protection. The supervisory authority imposed a loan-to-value limit of 85 percent for new mortgage loans in 2010, with the soundness principle as the legal basis for this measure. Under its financial stability mandate, it also set a floor on risk weights for Swedish mortgages, which was raised from 15 percent to 25 percent in September 2014. Following an expansion of the regulatory toolkit, a range of capital buffers have also been established and subsequently expanded.

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  • International Monetary Fund, 2016. "Sweden: Selected Issues," IMF Staff Country Reports 2016/354, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/354
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    References listed on IDEAS

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    1. Akinci, Ozge & Olmstead-Rumsey, Jane, 2018. "How effective are macroprudential policies? An empirical investigation," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 33-57.
    2. Günes Kamber & Özer Karagedikli & Christie Smith, 2015. "Applying an Inflation-Targeting Lens to Macroprodential Policy "Institutions"," International Journal of Central Banking, International Journal of Central Banking, vol. 11(4), pages 395-429, September.
    3. Tucker, Paul & Hall, Simon & Pattani, Aashish, 2013. "Macroprudential policy at the Bank of England," Bank of England Quarterly Bulletin, Bank of England, vol. 53(3), pages 192-200.
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    Cited by:

    1. Andreas Jobst & Ms. Huidan Huidan Lin, 2016. "Negative Interest Rate Policy (NIRP): Implications for Monetary Transmission and Bank Profitability in the Euro Area," IMF Working Papers 2016/172, International Monetary Fund.

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