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Mortgage indebtedness and household financial distress
Georgarakos, Dimitris; Lojschova, Adriana; … - 2010
Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households’ attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage holders relative to countries where a significant...
Persistent link: https://www.econbiz.de/10009640403
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Subprime consumer credit demand
Alan, Sule; Dumitrescu, Ruxandra; Loranth, Gyongyi - 2011
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10009640638
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Wealth mobility and dynamics over entire individual working life cycles
Hochguertel, Stefan; Ohlsson, Henry - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10009640634
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Who lost the most?
Bucher-Koenen, Tabea; Ziegelmeyer, Michael - 2011
We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are in uenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...
Persistent link: https://www.econbiz.de/10009640632
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Consultation paper : regulatory technical standards on the CSD Regulation ; the operation of the Buy-in Process
European Securities and Markets Authority - 2015
Persistent link: https://www.econbiz.de/10011287845
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FDI and structural reforms in the Baltic States
Grigonyte, Dalia - 2010
Foreign direct investment (FDI) inflows to the Baltic countries were driven by different factors. Initially the process … of privatisation and low labour costs attracted investment into public utilities and manufacturing. Later, taking … the new millennium, the bulk of foreign investment was channelled to financial services. In line with FDI literature, the …
Persistent link: https://www.econbiz.de/10009641058
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Behavioural characteristics and financial distress
McCarthy, Yvonne - 2011
Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I investigate the key factors that cause individuals to experience financial distress. In this context, a key area that I focus on is whether individuals’ behavioural traits, such as...
Persistent link: https://www.econbiz.de/10009640636
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Consumer inflation expectations in Poland
£yziak, Tomasz - 2003
pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the …
Persistent link: https://www.econbiz.de/10009635882
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Consumption, habit persistence, imperfect information and the lifetime budget constraint
Willman, Alpo - 2003
Based on the householdsu0092 utility maximisation, a closed form approximation of the consumption function is derived and the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our approach is the parameterisation of the information...
Persistent link: https://www.econbiz.de/10009635925
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How much does the public know about the ECB's monetary policy?
Cruijsen, Carin van der; Jansen, David-Jan; Haan, Jakob de - 2010
Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB’s objectives is far from perfect. Both a...
Persistent link: https://www.econbiz.de/10009640274