StressTesting Household Debt in Korea.

Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this debt remains at variable rates, shifting the interest rate risk from better diversified financial institutions to households and increasing their sensitivity to macroeconomic shocks. T...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Karasulu, Meral (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
©2008
Colección:IMF working paper ; WP/08/255.
Temas:
Consumer credit > Korea.
Debt > Korea.
Finance > Korea.
Financial services industry > Korea.
Risk assessment > Korea.
Housing > Prices > Korea.
Évaluation du risque > Corée.
Logement > Prix > Corée.
Dettes > Corée.
Crédit à la consommation > Corée.
Finances > Corée.
Services financiers > Corée.
Risk assessment
Housing > Prices
Consumer credit
Debt
Finance
Financial services industry
Private Verschuldung.
Privater Haushalt.
Südkorea.
Korea
Acceso en línea:Texto completo
Descripción
Sumario:Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this debt remains at variable rates, shifting the interest rate risk from better diversified financial institutions to households and increasing their sensitivity to macroeconomic shocks. This paper examines the sources of, and risks from, household debt by employing stress tests on household level panel data. Results suggest that a 100-300 bps increase in interest rates could increase distressed household debt household debt by 81D?17 percentage points (ppt). A drop in real estate pri.
Descripción Física:1 online resource (41 pages)
Bibliografía:Includes bibliographical references (pages 19-21).
ISBN:9781451915662
1451915667
9781451871135
1451871139
1462334598
9781462334599
1452763208
9781452763200
9786612842061
6612842067
1282842064
9781282842069
ISSN:2227-8885 ;

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