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Household Indebtedness and Its Implications for Financial Stability

Author

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  • Don Nakornthab

Abstract

During the past few years, many SEACEN countries have experienced rapid increases in household debt/household credit, both in absolute terms and relative to the size of the economy and household income. In many cases, these developments reflect the SEACEN countries’ financial sector deepening and are positive for economic activities and welfare. However, the rise in household debt also comes with a downside. Excessive household indebtedness makes households vulnerable to shocks which may lead to financial instability as vividly illustrated by the recent global financial crisis.

Suggested Citation

  • Don Nakornthab, 2010. "Household Indebtedness and Its Implications for Financial Stability," Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre, number rp80.
    • Handle: RePEc:sea:rstudy:rp80
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    File URL: https://www.seacen.org/publications/RePEc/702001-100162-PDF.pdf
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    Cited by:

    1. Yunchao Cai & Selamah Abdullah Yusof & Ruzita Bt Mohd Amin & Mohd Nahar Mohd Arshad, 2021. "The Multi-dimensional Effect of Household Debt on Urban Individual Well-Being in Klang Valley Malaysia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(1), pages 23-44, November.
    2. Nora Azureen Abdul Rahman & Zunarni Kosim & Siew Goh Yeok, 2018. "The Characteristics of Household Loans in Conventional and Islamic Banks in Malaysia," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(7), pages 531-541, July.
    3. Dalina Amonhaemanon, 2015. "The Impact of Stock Price and Real Estate Price Shocks on Consumption: The Thai Experience," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 6(1), pages 137-148, January.
    4. Chichaibelu, Bezawit Beyene & Waibel, Hermann, 2017. "Explaining differences in rural household debt between Thailand and Vietnam: Economic environment versus household characteristics," TVSEP Working Papers wp-002, Leibniz Universitaet Hannover, Institute for Environmental Economics and World Trade, Project TVSEP.
    5. Waibel, H. & Chichaibelu, B.B., 2018. "Exploring Differences in Rural Household Debt between Thailand and Vietnam: Economic Environment versus Household Characteristics," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277520, International Association of Agricultural Economists.

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