between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …

This paper investigates the determinants of credit risk from a broad perspective. Particular attention is given to the … role of housing affordability and household indebtedness. However, the impact of credit market developments and regulations … is also closely examined. Using a large panel of countries it is found that housing affordability and household fragility …

systemic risk caused by the developing gap between the growth of household indebtedness and the growth in real estate prices …. The paper recapitulates the main factors of the growth rate of household indebtedness and the extent to which the adopted …

-service-to-income (DSTI) limits - contain the build-up of systemic risk by reducing the probability and conditional impact of a crisis. While …

. Results of comparative analysis conducted for Poland, Austria, Romania and Hungary indicates that actions taken by the …

This paper examines to what extent household leverage - as measured by the debt-to-income (DTI) ratio - predicts … is effective for predicting delinquency. This evidence supports its use in financial regulation to improve household … credit risk assessment and control. …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry … the covariance of income and loan repayments may explain higher household borrowings than in the case without default … that in a situation in which a household without default option would neither borrow nor save, the existence of a default …

Using Danish household level data, we find that a relatively large share of total interest-only mortgage debt is held …

located closer to the household than non-mortgage relations. Examining the heterogeneity of mortgage relations across …

This paper investigates the main individual driving forces of Hungarian household credit risk and measures the … testing. Our results suggest that the main individual factors affecting household credit risk are disposable income, the … gathered by the Magyar Nemzeti Bank (MNB) in January 2007. Our study presents three alternative ways of modelling household …