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Stress testing household debt in Korea
Karasulu, Meral (Avtor)

URLURL - Predstavitvena datoteka, za dostop obiščite http://www.imf.org/external/pubs/ft/wp/2008/wp08255.pdf Novo okno

Izvleček
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 8 1/2 -17 percentage points (ppt). A drop in real estate prices by 10?30 percent could add another 4 ppt to distressed debt. Ongoing transition to amortizing mortgages in 2008-09 presents additional challenges as interest payments on debt are likely to increase further.

Jezik:Angleški jezik
Ključne besede:Koreja, nepremičnine, stanovanja, krediti, zadolženost, testiranje, analiza, Korea, real estate, appartments, credit, indebtedness, testing, analysis
Vrsta gradiva:Delo ni kategorizirano (r6)
Organizacija:EF - Ekonomska fakulteta
Leto izida:2008
Založnik:International Monetary Fund
Št. strani:21 str.
Kraj:Washington (D.C.)
UDK:336
COBISS.SI-ID:18509286 Povezava se odpre v novem oknu
Število ogledov:299
Število prenosov:142
Metapodatki:XML RDF-CHPDL DC-XML DC-RDF
 
Skupna ocena:(0 glasov)
Vaša ocena:Ocenjevanje je dovoljeno samo prijavljenim uporabnikom.
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