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Households: indebtedness and debt service ratio

Author

Listed:
  • Tamás Balás

    (Magyar Nemzeti Bank (the central bank of Hungary))

Abstract

Before the crisis, the over-indebtedness of households represented an ever growing risk. Over the past years, mostly due to a decline in credit demand, but also to some extent because of tighter lending conditions, households have taken a net repayment position. This, together with the option of early repayment at preferential exchange rates, has significantly reduced the portfolio of households’ outstanding foreign currency loans. Against this background, it is worthwhile to investigate the changes in household indebtedness and the debt service burden across various income brackets.

Suggested Citation

  • Tamás Balás, 2013. "Households: indebtedness and debt service ratio," MNB Bulletin (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), vol. 8(Special), pages 23-27, October.
    • Handle: RePEc:mnb:bullet:v:8:y:2013:i:special:p:23-27
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    More about this item

    Keywords

    households; indebtedness; debt burden;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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