Prior to the recession of 2008/09 household saving was extremely low in the United States. In the context of the … recession the saving rate has increased by about 2 percentage points to close to 4%. Such a rise is in line with the record from … previous recessions. The study argues that, this time, the rise in the saving rate is likely to be stronger and to extend well …

Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of … household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or … felt. This combination of factors lead to increased over-indebtedness among households. The participants in the workshop …

Household over-indebtedness is among the causes of the current financial crisis. In turn, the crisis exacerbated both … public and private debt problems. In this paper, household over-indebtedness is broadly defined as the situation where a … household cannot comply with payment requirements – whether it be mortgage, utility or consumer credit payments – on a …

confidence and fuel foreign and domestic investment in Turkish industry to take advantage of labour and transportation costs. It …