Tullio, Jappelli; Marco, Pagano; Marco, Di Maggio - In: Journal of Financial Management, Markets and Institutions (2013) 1, pp. 23-46
The paper studies the determinants of international differences in household indebtedness, and inquires whether indebtedness is associated with increased "financial fragility", as measured by the sensitivity of household arrears and insolvencies to macroeconomic shocks. It also investigates...