We study the household sector's post-tax income and debt position as propagation mechanisms of public into private … more credit. This favorable debt cycle is paralleled by dropping interest rates, narrowing credit spreads, and in ating … collateral prices, e.g., real estate prices, suggesting that softening borrowing constraints support the accumulation of debt and …

The results from the second wave of the Eurosysystem's Household Finance and Consumption Survey (HFCS) indicate that … during the crisis years from 2012 onward by taking on more debt and running down their financial assets. This relative … huge debt problems for many households and their creditors. Indeed, HFCS estimates indicate that the ratio of required debt …

We examine how household balance sheets and income statements interact to affect bankruptcy decisions following an … varied exogenously based on family size. Receiving a larger income shock from the payment (relative to household income … (unsecured debt discharged minus liquidated assets forgone). Receiving an income shock thus causes households that would receive …

Household credit in Asia-Pacific has grown strongly over the past two decades. Managing household credit booms and … conditions reduce growth in household and housing credit over a two-year horizon. Macroprudential measures also significantly …

This paper uses representative individual household data from Luxembourg to evaluate how severe economic conditions … could affect bank exposure to the household sector. Information on household income, expenses and liquid assets are used to … calculate household-specific probabilities of default (PD), aggregate bank exposure at default (EAD) and aggregate bank loss …