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The financial fragility of European households in the time of COVID-19

Author

Listed:
  • Maria Demertzis
  • Marta Domínguez-Jiménez
  • Annamaria Lusardi
  • Bruegel

Abstract

• The concept of household financial fragility emerged in the United States after the 2007-2008 financial crisis. It grew out of the need to understand whether households’ lack of capacity to face shocks could itself become a source of financial instability, in addition to risks to the stability of banks and the greater financial system. The concept goes beyond assessing the level of assets and encompasses the state of household...

Suggested Citation

  • Maria Demertzis & Marta Domínguez-Jiménez & Annamaria Lusardi & Bruegel, 2020. "The financial fragility of European households in the time of COVID-19," Policy Contributions 37489, Bruegel.
    • Handle: RePEc:bre:polcon:37489
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    References listed on IDEAS

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    1. Anna Zabai, 2020. "How are household finances holding up against the Covid-19 shock?," BIS Bulletins 22, Bank for International Settlements.
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    Cited by:

    1. Susanna Levantesi & Giulia Zacchia, 2021. "Machine Learning and Financial Literacy: An Exploration of Factors Influencing Financial Knowledge in Italy," JRFM, MDPI, vol. 14(3), pages 1-21, March.
    2. Bucher-Koenen, Tabea & Fessler, Pirmin & Silgoner, Maria Antoinette, 2023. "Households' financial resilience, risk perceptions, and financial literacy: Evidence from a survey experiment," ZEW Discussion Papers 23-074, ZEW - Leibniz Centre for European Economic Research.
    3. Sarah Kuypers & Ive Marx & Brian Nolan & Juan C. Palomino, 2022. "Lockdown, Earnings Losses and Household Asset Buffers in Europe," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(2), pages 428-470, June.

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