IDEAS home Printed from https://ideas.repec.org/a/alu/journl/v2y2011i13p28.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://oeconomica.uab.ro/upload/lucrari/1320112/28.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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.
    3. Adam Gersl & Jakub Seidler, 2011. "Excessive Credit Growth as an Indicator of Financial (In)Stability and its Use in Macroprudential Policy," Occasional Publications - Chapters in Edited Volumes, in: CNB Financial Stability Report 2010/2011, chapter 0, pages 112-122, Czech National Bank.
    4. Stephen Cecchetti & Madhusudan Mohanty & Fabrizio Zampolli, 2011. "The real effects of debt," BIS Working Papers 352, Bank for International Settlements.
    5. Sirtaine, Sophie & Skamnelos, Ilias, 2007. "Credit growth in emerging Europe : a cause for stability concerns?," Policy Research Working Paper Series 4281, The World Bank.
    6. Bank for International Settlements, 2009. "Household debt: implications for monetary policy and financial stability," BIS Papers, Bank for International Settlements, number 46.
    7. Thomas Laryea & Luc Laeven, 2009. "Principles of Household Debt Restructuring," IMF Staff Position Notes 2009/15, International Monetary Fund.
    8. Seongtae Lee, 2009. "Opening address 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 4-5, Bank for International Settlements.
    9. 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.
    10. 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.
    11. Thomas Laryea & Mr. Luc Laeven, 2009. "Principles of Household Debt Restructuring," IMF Staff Position Notes 2009/015, International Monetary Fund.
    12. Guy Debelle, 2004. "Household debt and the macroeconomy," BIS Quarterly Review, Bank for International Settlements, March.
    13. Büyükkarabacak, Berrak & Valev, Neven T., 2010. "The role of household and business credit in banking crises," Journal of Banking & Finance, Elsevier, vol. 34(6), pages 1247-1256, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dušan Stojanović & Danilo Stojanović, 2015. "Excessive Credit Growth Or Catching Up Process: The Case Of Central, Eastern And Southeastern European Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 60(206), pages 7-44, July - Se.
    2. Jean-Charles Bricongne & Leonor Coutinho & Alessandro Turrini & Stefan Zeugner, 2020. "Is Private Debt Excessive?," Open Economies Review, Springer, vol. 31(2), pages 471-512, April.
    3. Philip R. Lane, 2011. "External Imbalances and Macroeconomic Policy in New Zealand," The Institute for International Integration Studies Discussion Paper Series iiisdp376, IIIS.
    4. Ms. Valerie Herzberg, 2010. "Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries," IMF Working Papers 2010/250, International Monetary Fund.
    5. Frait, Jan & Gersl, Adam & Seidler, Jakub, 2011. "Credit growth and financial stability in the Czech Republic," Policy Research Working Paper Series 5771, The World Bank.
    6. Chmelar, Ales, 2013. "Household Debt and the European Crisis," ECRI Papers 8239, Centre for European Policy Studies.
    7. Brown, Martin & Lane, Philip R., 2011. "Debt overhang in emerging Europe ?," Policy Research Working Paper Series 5784, The World Bank.
    8. Nicolae Dardac & Teodora Cristina Barbu & Iustina Alina Boitan, 2011. "Impact of Credit Restructuring on the Quality of Bank Asset Portfolio. A Cluster Analysis Approach," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 3(3), pages 162-173, June.
    9. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2017. "The Shift in Bank Credit Allocation: New Data and New Findings," Research Report 17012-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    10. Felipe Martínez & Rodrigo Cifuentes & Carlos Madeira & Rubén Poblete-Cazenave, 2013. "Measurement of Household Financial Risk with the Survey of Household Finances," Working Papers Central Bank of Chile 682, Central Bank of Chile.
    11. Kukk, Merike, 2016. "How did household indebtedness hamper consumption during the recession? Evidence from micro data," Journal of Comparative Economics, Elsevier, vol. 44(3), pages 764-786.
    12. repec:dgr:rugsom:14016-gem is not listed on IDEAS
    13. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2020. "Does mortgage lending impact business credit? Evidence from a new disaggregated bank credit data set," Journal of Banking & Finance, Elsevier, vol. 113(C).
    14. Stefan Jestl, 2019. "The Impact of Income Inequality on Household Indebtedness in Euro Area Countries," wiiw Working Papers 173, The Vienna Institute for International Economic Studies, wiiw.
    15. Jakubik, Petr & Moinescu, Bogdan, 2015. "Assessing optimal credit growth for an emerging banking system," Economic Systems, Elsevier, vol. 39(4), pages 577-591.
    16. 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.
    17. Bezemer, Dirk & Grydaki, Maria & Zhang, Lu, 2014. "Is financial development bad for growth?," Research Report 14016-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    18. Mr. Joe Crowley, 2008. "Credit Growth in the Middle East, North Africa, and Central Asia Region," IMF Working Papers 2008/184, International Monetary Fund.
    19. Florian Léon, 2016. "Enterprise credit, household credit and growth: New evidence from 126 countries," DEM Discussion Paper Series 16-17, Department of Economics at the University of Luxembourg.
    20. Luc Laeven, 2011. "Banking Crises: A Review," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 17-40, December.
    21. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2017. "The Shift in Bank Credit Allocation: New Data and New Findings," Research Report 17012-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:2:y:2011:i:13:p:28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan-Constantin Danuletiu (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.