Householddebtandforeigncurrencyborrowinginnewmember.pptVIP

Household debt and foreign currency borrowing in new member states of the EU;Motivation;Objective;Outline;Household indebtedness in NMS: stylised facts;Stylised facts;Debt drivers;Quantitative assessment of sustainability of debt in NMS;Qualitative assessment of debt sustainability;The model of debt to income ;Model results;What is the equlibrium level of debt?;Equilibrium level of debt to income;Bubbles in house prices;GDP cycle;Excessive indebtedness;Measuring excessive indebtedness;Medium- and long term equilibria How sustainable is debt to income?;Sustainability of debt;Qualitative disc