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This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher … depending on the level of household debt. The results corroborate other work that households' response to monetary policy shocks …
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We study how monetary conditions change the supply by banks of mortgage credit to households. We exploit the widespread presence of foreign currency mortgages in Hungary and study this country's comprehensive credit registry. Changes in monetary conditions not only affect the supply of credit in...
Persistent link: https://www.econbiz.de/10013041131
During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern …. Disregarding countries that joined the euro area, Hungary was the only state where household FX loans were completely phased out … about the causes and the impact of unsecured FX lending in the household sector and analyses the phasing-out of the …
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document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …
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inflation targeting. This way the central bank tries to address excessive household debt. While the merits of such policy have …
Persistent link: https://www.econbiz.de/10014581561