Stress-testing croatian households with debt -- implications for financial stability (English)

The purpose of this paper is to stress test the resilience of Croatian households with debt to economic shocks. The shocks not only impact a household's welfare, but also increase the probability of loan default. As a result, there is a direct link between these stress-testing exercises and financial stability risks. The authors find that very few households are at risk as a result of the shocks experienced over the past few years; new vulnerable...

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Author

Sugawara,Naotaka;

Zalduendo,Juan F.;
Document Date
2011/12/01
Document Type
Policy Research Working Paper
Report Number
WPS5906
Volume No
1
Total Volume(s)
1
Country
Croatia,
Region
Europe and Central Asia,
Disclosure Date
2011/12/12
Disclosure Status
Disclosed
Doc Name
Stress-testing croatian households with debt -- implications for financial stability
Keywords
economic shock

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Citation

Sugawara,Naotaka; Zalduendo,Juan F..

Stress-testing croatian households with debt -- implications for financial stability (English). Policy Research working paper ; no. WPS 5906 Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/926021468032936689

Stress-testing croatian households with debt -- implications for financial stability (English)

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