Jappelli, Tullio; Pagano, Marco; Maggio, Marco di - Centro Studi di Economia e Finanza (CSEF) - 2008
The paper studies the determinants of international differences in household indebtedness, and inquires whether … indebtedness is associated with increased “financial fragility”, as measured by the sensitivity of household arrears and … tapping three data sets: (i) cross-country data on household indebtedness; (ii) European panel data for households lending and …