-
Stress testing household debt in KoreaKarasulu, MeralKorean 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.Type of material - bookPublication and manufacture - Washington (D.C.) : International Monetary Fund, 2008Language - englishCOBISS.SI-ID - 18509286
Author
Karasulu, Meral
Other authors
International Monetary Fund |
Asia and Pacific Department
Topics
Risk assessment |
Korea |
Housing |
Prices |
Korea |
Debt |
Korea |
Koreja |
nepremičnine |
stanovanja |
krediti |
zadolženost |
testiranje |
analiza |
Korea |
real estate |
appartments |
credit |
indebtedness |
testing |
analysis |
analysis
![loading ... loading ...](themes/default/img/ajax-loading.gif)
Shelf entry
Permalink
- URL:
Impact factor
Access to the JCR database is permitted only to users from Slovenia. Your current IP address is not on the list of IP addresses with access permission, and authentication with the relevant AAI accout is required.
Year | Impact factor | Edition | Category | Classification | ||||
---|---|---|---|---|---|---|---|---|
JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
Select the library membership card:
DRS, in which the journal is indexed
Database name | Field | Year |
---|
Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
---|---|
Karasulu, Meral | ![]() |
Select pickup location:
Material pickup by post
Notification
Subject headings in COBISS General List of Subject Headings
Select pickup location
Pickup location | Material status | Reservation |
---|
Please wait a moment.