the role of these high levels of debt for workers, based on an assembled micro-dataset that harmonises household surveys … increased risk that they encounter a sharp fall in their wages. People who tend to be particularly affected are the low … measures that aim to avoid credit overexpansion are two policies that can improve the links of private debt with labour income …

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting … number of measures were taken to support credit supply. These included conventional and unconventional monetary policies …, policies to address credit constraints with Help to Buy and Funding for Lending programmes, and a number of public programmes …

an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …

Household debt has risen markedly since the turn of the century and stands at a historically high level in most OECD … countries. This paper offers an overview of developments in household debt over the past decades across a large sample of OECD … household debt for households, the financial system and the wider economy. Finally, it describes the challenges faced by …

moral hazard and developing market-based lending; and ii) containing the risk caused by high household debt by strengthening …Rising household debt has become a major policy concern in Korea. By the end of 2012, it had risen to 164% of … disposable income, well above the OECD average of 133%. In addition to the economic impact and the risk to the financial sector …