We extend the principles of the Financial Instability Hypothesis (FIH) to the household sector by re-framing the three … household borrowing and debt-financing behavior. We also connect our analysis to various strands of research in Comparative … of welfare systems and financial regimes as determinants of household borrowing behavior and hence the financial …

working households. This paper explores the possibility that household indebtedness is an important cause of rising income … simultaneous increases in income inequality and household debt prior to the recent financial crisis. To explore the two … accumulation that contributes to household consumption spending and hence demand formation. Our analysis suggests that: (1) workers …

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 …

Portugal, has witnessed a dramatic indebtedness increase among household. Our objective is to examine the reasons for this …

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 …

financial crisis due to systemic stock-flow or stock-stock dynamics. -- Finance-dominated capitalism ; distribution ; household …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and … financial fragility. We exploit a new household-level data set that covers the joint distributions of debt, income, and wealth …