After the crisis, from 2008 to 2010 the share of indebted households decreased both owing to a reduction in loan demand and stricter supply conditions. The reduction regarded mortgages and involved low-income households and the self-employed. Recourse to consumer credit remained stable; it...

Since 2015 consumer loans have been rising fast in France, Germany, Italy, and Spain. Credit demand, specifically for consumer durables, has played a crucial role; the easing of supply conditions has been relevant only in Italy and Spain, which experienced stronger credit tightening during the...

Italian Abstract: Cinque anni di crisi hanno avuto conseguenze rilevanti sul mercato del credito alle famiglie. Dal 2008 al 2012 la quota di famiglie indebitate si è ridotta di 4 punti percentuali (al 23 per cento), di 12 punti tra quelle giovani ( 35 anni). Il calo ha riguardato il credito al...

Italian Abstract: Il lavoro analizza le tendenze del mercato del credito al consumo durante la crisi usando i dati, di fonte CRIF, relativi alle domande di prestiti personali e finalizzati e ai contratti stipulati tra il 2007 e il 2013 in Italia (55 e 37 milioni rispettivamente). L'analisi...

Which households use consumer credit? This paper addresses the question using harmonized data from Eurostat's EU-SILC survey for nine European countries in the period 2005-08. There is wide heterogeneity in participation in the consumer credit market, ranging from 15 to 46 per cent across...

This paper assesses how much mortgage interest rates in Italy are priced on credit risk as proxied by the probability of household mortgage delinquency estimated using the EU-Silc database. Owing to data availability, we restrict the analysis of mortgage pricing to Italian households. Consistent...

Using information on about 2 million house purchase loans to households, this paper analyses the effects of the financial crisis on this portion of the credit market. From 2008 to 2011 the total number and value of new mortgages decreased sharply. The results show that young households and...