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Household Risk Management and Actual Mortgage Choice in the Euro Area

Ehrmann, Michael - 2014

Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between …-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for … exercise to identify how the easing of monetary policy during the financial crisis affected mortgage holders. It shows that the …

Persistent link: https://www.econbiz.de/10013060536

International Comparative Household Finance

Badarinza, Cristian - 2016

This paper reviews the literature on international comparative household finance. The paper presents summary statistics on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and contrasts across countries. The paper then discusses retirement...

Persistent link: https://www.econbiz.de/10013004001

Consolidation and legacy of foreign currency household lending in central and eastern Europe : the case of Hungary

Kolozsi, Pál Péter; Lentner, Csaba - In: Contemporary economics 14 (2020) 3, pp. 366-378

During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern Europe, where they caused serious macroeconomic and social problems with the spillover of the global financial crisis. Disregarding countries that joined the euro area, Hungary was...

Persistent link: https://www.econbiz.de/10012301687

Monetary policy transmission to consumer financial stress and durable consumption

Georgarakos, Dimitris; Tatsiramos, Konstantinos - 2019

We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation in household exposure to interest rates generated by...

Persistent link: https://www.econbiz.de/10012024596

Monetary policy transmission to consumer financial stress and durable consumption

Georgarakos, Dimitris; Tatsiramos, Konstantinos - 2019

Persistent link: https://www.econbiz.de/10012019231

Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission

Agarwal, Sumit - 2020

-in-differences analysis shows that compared with homeowners without mortgage obligations, mortgagors increased their monthly credit card … spending by 7.2% after the 230bps mortgage rate reduction announced in September 2008. We find a significant spending response … after the mortgage rate reset. Subsequent to an interest-rate-increase episode, mortgagors symmetrically reduced their …

Persistent link: https://www.econbiz.de/10012850684

Consumer bankruptcy, mortgage default and labour supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …

Persistent link: https://www.econbiz.de/10013167646

Consumer Bankruptcy, Mortgage Default and Labor Supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …

Persistent link: https://www.econbiz.de/10013294054

Consumer Bankruptcy, Mortgage Default and Labor Supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …

Persistent link: https://www.econbiz.de/10013492266

Unsecured Credit Supply over the Credit Cycle : Evidence from Credit Card Mailings

Han, Song - 2013

Using a unique dataset of credit card mailings, we show that during the recent credit boom, consumers with mediocre credit scores received more credit card solicitations than those with high credit scores. However, this relationship reversed after the financial crisis. We also nd that consumers...

Persistent link: https://www.econbiz.de/10013093419