Sound household financial conditions are relevant for both financial and monetary stability. Therefore, we analyse … household financial fragility in a sample of euro area countries with the aim to shed some light on the nature of the large debt … increase accumulated in recent years. We focus on household arrears on payment obligations, which are one of the most direct …

-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …

We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit … conducted by the lender between October 2006 and January 2007. We find that individuals who tend to utilize their credit limits … fully do not reduce their demand for credit when subject to increases in interest rates as high as 3 percentage points. This …

significant and economically important determinants of household saving preferences and credit constraints …We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new …

I propose a life-cycle model where a finitely lived risk averse agent finances her housing investment choosing to … market. Risk neutral lenders efficiently price mortgages charging a default premium to compensate themselves for expected … for the agent to rent the same house, paying a rent fully adjustable to house prices. The rent risk premium is set such …

We study how unemployment affects the over-indebtedness of households using the new European Household Finance and …, retired, etc.) and other household characteristics (i.e. demographics, housing status, household wealth and income, etc.) to … household indebtedness in its most severe form. We also examine the role that each country's legal and economic institutions …

Sound household financial conditions are relevant for both financial and monetary stability. Therefore, we analyse … household financial fragility in a sample of euro area countries with the aim to shed some light on the nature of the large debt … increase accumulated in recent years. We focus on household arrears on payment obligations, which are one of the most direct …

This paper uses representative individual household data from Luxembourg to evaluate how severe economic conditions … could affect bank exposure to the household sector. Information on household income, expenses and liquid assets are used to … calculate household-specific probabilities of default (PD), aggregate bank exposure at default (EAD) and aggregate bank loss …

and the 2010-2012 European sovereign crisis. This effect is attenuated for banks with lower credit risk, sounder capital …