Georgia Antoniou Christiana Argyridou () (Economic Research Department, Central Bank of Cyprus) Michael Haliassos () (Goethe University, Frankfurt) Alex Karagrigoriou () (University of Cyprus) George Kyriacou () (Economic Research Department, Central Bank of Cyprus) Michalis C. Michael Maria Papagheorgiou () (Economic Research Department, Central Bank of Cyprus) George Syrichas () (Economic Research Department, Central Bank of Cyprus)
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This paper describes participation of Cyprus households in various assets and debts using data from the first (1999) and second (2002) Cyprus Surveys of Consumer Finances. It complements our previous papers that separately described household participation in various types of assets (Haliassos et al., 2001) and of debts (Haliassos et al., 2003). We consider a wide range of assets, both financial and real, risky and relatively riskless. Debts considered encompass personal unsecured loans, including credit card debt, and loans secured by housing collateral, mainly mortgage debt. Findings are of considerable policy interest, as they show how various demographic groups changed their participation and exposure to various assets and loans between 1999, when the unparalleled stock market boom took place and 2002, following the burst of the stock market bubble.
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Paper provided by Central Bank of Cyprus in its series Working Papers with number
0412.
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