Household Debt and Foreign Currency Borrowing in New Member States of the EU

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dc.cclicenceCC-BY-NCen
dc.contributor.authorBarrell, Ray
dc.contributor.authorFic, T
dc.contributor.authorDavis, E Philip
dc.contributor.authorOrazgani, Ali
dc.date.acceptance2009-06-01
dc.date.accessioned2019-06-03T15:57:08Z
dc.date.available2019-06-03T15:57:08Z
dc.date.issued2009-06-01
dc.description.abstractIn the light of rapidly rising household debt, we undertake panel estimation of determinants of debt-income ratios in new EU member states of Central and Eastern Europe and interpret the results in the light of indicators of housing bubbles, estimates of equilibrium debt ratios from Western Europe and information on foreign currency borrowing in the CEE. We conclude that there are potential risks from overindebtedness in some of these countries, while in others where debt-income ratios appear sustainable, there remain risks related to high levels of foreign currency debt, notably where there is a floating exchange rate. Important issues are raised for future economic performance as well as the structure of banking regulation. Keywords: Transition economies, household debt, house price bubbles, foreign currency debt JEL: D14, F34en
dc.funderNo external funderen
dc.identifier.citationBarrell, R., Davis, E., Fic, T., Orazgani, A, (2009) Household debt and foreign currency borrowing in new member states of the EU. Brunel University WP 09-23en
dc.identifier.urihttps://www.dora.dmu.ac.uk/handle/2086/17905
dc.language.isoenen
dc.publisherEconomics and Finance Working Paper Series Working Paper No. 09-23, Brunel Universityen
dc.researchinstituteInstitute for Applied Economics and Social Value (IAESV)en
dc.titleHousehold Debt and Foreign Currency Borrowing in New Member States of the EUen
dc.typeWorking Paperen

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