Determinants of credit to households: An approach using the life-cycle model

This paper applies a life-cycle model with individual income uncertainty in order to investigate the determinants of credit to households. We show that the household credit to GDP ratio depends on the lending-deposit interest rate spread, individual income uncertainty, and individual income persistence. We subsequently provide empirical evidence for the prediction of a theoretical model on the basis of data from OECD and EU countries.

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Year of publication:	2014
Authors:	Rubaszek, Michał ; Serwa, Dobromił
Published in:	Economic Systems. - Institut für Ost- und Südosteuropaforschung (IOS), ISSN 0939-3625. - Vol. 38.2014, 4, p. 572-587
Publisher:	Institut für Ost- und Südosteuropaforschung (IOS)
Subject:	Household credit \| Life-cycle economies \| Banking sector

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Type of publication:	Article
Classification:	E21 - Consumption; Saving ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E51 - Money Supply; Credit; Money Multipliers
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011115998