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Households� indebtedness and financial vulnerability in the Italian regions


  • Valerio Vacca (coordinator)

    () (Bank of Italy)

  • Daniele Coin

    () (Bank of Italy)

  • Antonio Maria Conti

    () (Bank of Italy)

  • Luigi Leva

    () (Bank of Italy)

  • Danilo Liberati

    () (Bank of Italy)

  • Elisabetta Manzoli

    () (Bank of Italy)

  • Daniele Marangoni

    () (Bank of Italy)

  • Sauro Mocetti

    () (Bank of Italy)

  • Giuseppe Saporito

    () (Bank of Italy)

  • Lucia Sironi

    () (Bank of Italy)


This paper depicts � from a variety of viewpoints � the degree of indebtedness and potential financial vulnerabilities of households across the Italian regions. Micro-data from several sources suggest that the financial situation of Italian households shows striking differences at geographical level; some of these differences have partly faded in recent years, whereas under other respects no substantial convergence can be detected. The recent evolution has been heterogeneous for the different socio-demographic classes (income quartiles, citizenship, age of the head, etc.), owing to both demand factors from the part of the households, and supply policies from the part of the banks; the latter in particular changed after the inception of the economic and financial crisis.

Suggested Citation

  • Valerio Vacca (coordinator) & Daniele Coin & Antonio Maria Conti & Luigi Leva & Danilo Liberati & Elisabetta Manzoli & Daniele Marangoni & Sauro Mocetti & Giuseppe Saporito & Lucia Sironi, 2013. "Households� indebtedness and financial vulnerability in the Italian regions," Questioni di Economia e Finanza (Occasional Papers) 163, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:opques:qef_163_13

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    household debt; financial fragility; mortgages; real estate finance;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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