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. Disregarding countries that joined the euro area, Hungary was the only state where household FX loans were completely phased out … household FX loans in Hungary from the point of view of the legal considerations, the interest rate environment, the …During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern …
Persistent link: https://www.econbiz.de/10012301687
Persistent link: https://www.econbiz.de/10009375046
Between 2004 and 2008 low-interest foreign currency based loans, and above all household loans, became more and more … popular in Central European countries like Croatia, Hungary, Poland, Romania and the Baltic countries in an environment of … of the extent of depreciation and the dynamics of household FX loans based on central bank data, the paper examines the …
Persistent link: https://www.econbiz.de/10012908210
. For example, FX lending to households is virtually non-existent in the Czech is close to 100 per cent of total household … (2) to try to explain these differing patterns in an econometric model. In order to do so, a panel database of household … household FX borrowing depends on the interest rate differential, the institutional features of mortgage financing and the …
Persistent link: https://www.econbiz.de/10008656332
presence of foreign currency mortgages in Hungary and study this country`s comprehensive credit registry. Changes in monetary …
Persistent link: https://www.econbiz.de/10012643018
I decompose the factors contributing to the riskiness of foreign currency borrowers. I compare counterfactual default probabilities of local and foreign currency borrowers estimated on disaggregated data. My results suggest that the currency mismatch with the depreciation of the local currency...
Persistent link: https://www.econbiz.de/10011284740
We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not …
Persistent link: https://www.econbiz.de/10011387186
This paper studies from an empirical and theoretical perspective the systemic and bank-level effects of imposing reserve requirements (RR) in foreign currency in an economy with a heavily dollarized financial system. The paper empirically characterizes banks responses to the RR carried out by...
Persistent link: https://www.econbiz.de/10012587526
The paper engages with an important aspect of the European crisis, the European banks' reliance on collateralized (repo) market funding, that has received relatively little analytical attention in the scholarship on the European financial and sovereign debt crisis. The paper is guided by three...
Persistent link: https://www.econbiz.de/10013106366
We analyse the wide array of rescue programmes adopted in several countries, following Lehman Brothers' default in September 2008, in order to support banks and other financial institutions. We first provide an overview of the programmes, comparing their characteristics, magnitudes and...
Persistent link: https://www.econbiz.de/10013070843