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Eu New Member States Households' Banking Indebtedness And It'S Implications: An Overview

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  • Angela Roman
  • Alina Camelia Åžargu

Abstract

During the period previous to the crisis, most of the EU new member states from our research (especially Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Romania) have registered a fast growth of the households indebtedness, which has lead to the extension of the vulnerabilities of this sector in front of some macroeconomic shocks. In this context, our research aim to especially comparatively underline the stylised facts about the indebtedness degree of the households from the analysed countries and the main effects generated by the fast growth of the banking debts of this sector. Through the undertaken analysis in our research we aim at underling the major importance which the insurance of a sustainable household's indebtedness level has for the macroeconomic and financial stability of a country.

Suggested Citation

  • Angela Roman & Alina Camelia Åžargu, 2011. "Eu New Member States Households' Banking Indebtedness And It'S Implications: An Overview," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-28.
    • Handle: RePEc:alu:journl:v:2:y:2011:i:13:p:28
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    References listed on IDEAS

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    1. Guonan Ma & Eli Remolona & Ilhyock Shim, 2009. "Introduction for "Household debt: implications for monetary policy and financial stability"," BIS Papers chapters, in: Bank for International Settlements (ed.), Household debt: implications for monetary policy and financial stability, volume 46, pages 1-3, Bank for International Settlements.
    2. Robert McCauley, 2009. "Opening speech to "Household debt: implications for monetary policy and financial stability"," BIS Papers chapters, in: Bank for International Settlements (ed.), Household debt: implications for monetary policy and financial stability, volume 46, pages 17-18, Bank for International Settlements.
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    5. Florian Neagu & Angela Margarit, 2007. "Risks to Romanian financial stability stemming from the household sector," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 2, volume 26, pages 75-108, Bank for International Settlements.
    6. Sirtaine, Sophie & Skamnelos, Ilias, 2007. "Credit growth in emerging Europe : a cause for stability concerns?," Policy Research Working Paper Series 4281, The World Bank.
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    10. Thomas Laryea & Mr. Luc Laeven, 2009. "Principles of Household Debt Restructuring," IMF Staff Position Notes 2009/015, International Monetary Fund.
    11. Ceyla Pazarbasioglu & Miss Gudrun Johnsen & Mr. Paul Louis Ceriel Hilbers & Ms. Inci Ötker, 2005. "Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies," IMF Working Papers 2005/151, International Monetary Fund.
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    Cited by:

    1. ROMAN Angela & SARGU Alina Camelia, 2012. "Lending In Foreign Currency And Current Challenges At European Level," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 588-594, December.

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    More about this item

    Keywords

    households' indebtedness; new EU member countries; vulnerabilities; loans to households; global crisis;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

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