Denmark: Selected Issues Paper
This Selected Issues paper examines the household debt situation in Denmark and factors that have contributed to the high level of household debt in the country. Various factors seem to account for the size of household debt, including large pension assets, a highly developed mortgage market, the availability of flexible mortgage products such as deferred amortization loans, indirect subsidies through tax preferences for home ownership, and a regulated rental market that limits mobility. The paper highlights that high household debt could pose direct risks to financial stability if the number of mortgage loan defaults rises sharply in the face of adverse shocks.
Year of publication: |
2014-12-09
|
---|---|
Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Debt | Private sector | Fiscal policy | Productivity | Gross domestic product | Selected Issues Papers | Denmark |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Cyclical Patterns in Government Health Expenditures Between 1995 and 2010
Velenyi, Edit V., (2014)
-
Algeria: Selected Issues Paper
(2014)
-
(2014)
- More ...
Similar items by person
-
(2012)
-
(2011)
-
(2011)
- More ...