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

Author

Listed:
  • Angela Roman

    (‘A. I. Cuza‘ University of Iasi)

  • Alina Camelia Sargu

    (‘A. I. Cuza‘ University of Iasi)

Abstract

During the period previous to the crisis, most of the EU new member states fromour research (especially Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania,Poland and Romania) have registered a fast growth of the households indebtedness, whichhas lead to the extension of the vulnerabilities of this sector in front of some macroeconomicshocks. In this context, our research aim to especially comparatively underline the stylisedfacts about the indebtedness degree of the households from the analysed countries and themain effects generated by the fast growth of the banking debts of this sector. Through theundertaken analysis in our research we aim at underling the major importance which theinsurance of a sustainable household‘s indebtedness level has for the macroeconomic andfinancial stability of a country.

Suggested Citation

  • Angela Roman & Alina Camelia Sargu, 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
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1320112/28.pdf
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    References listed on IDEAS

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    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, Research Department.
    4. Stephen Cecchetti & Madhusudan Mohanty & Fabrizio Zampolli, 2011. "The real effects of debt," BIS Working Papers 352, Bank for International Settlements.
    5. 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.
    6. Bank for International Settlements, 2009. "Household debt: implications for monetary policy and financial stability," BIS Papers, Bank for International Settlements, number 46, february.
    7. 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.
    8. Ceyla Pazarbasioglu & Gudrun Johnsen & Paul Louis Ceriel Hilbers & Inci Ötker, 2005. "Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies," IMF Working Papers 05/151, International Monetary Fund.
    9. 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.
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    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.

    More about this item

    Keywords

    households‘ indebtedness; new EU member countries; vulnerabilities; loans to households; global crisis;

    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

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