A rapid increase in household debt is undeniably a main concern among policymakers. Studies indicating the damaging … effect of rapid rise in household debt towards economic growth attracted many researchers to determine its reasons. The risk … from high household debt is not only applicable to advanced economies, but also inherent in emerging economies. Thus, the …

As Korea's household debt has increased rapidly since the mid-2000s, concerns that its economy's hard-wired leveraging … long-run trend. Housing preferences and monetary shocks can both trigger deleveraging, as most household debt is profoundly … macroeconomic effects of deleveraging. Because a lower loan-to-value (LTV) ceiling limits the size of household debt, the …