| Description |
1 online resource (41 p.) |
| Series |
IMF working paper ; WP/08/255 |
|
IMF Working Papers |
|
IMF Working Papers
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. International Comparison of Household Debt; II. What Explains Korean Households' Debt Levels?; III. Stress Tests; IV. Conclusions; 2. Comparison of Stress Tests; Appendix: Description of the Data; 1. Summary Statistics; 2. How Representative is KLIPS?; References; Footnotes |
| Summary |
Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this debt remains at variable rates, shifting the interest rate risk from better diversified financial institutions to households and increasing their sensitivity to macroeconomic shocks. This paper examines the sources of, and risks from, household debt by employing stress tests on household level panel data. Results suggest that a 100-300 bps increase in interest rates could increase distressed household debt household debt by 81⁄2?17 percentage points (ppt). A drop in real estate pri |
| Notes |
Description based upon print version of record |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
|
Description based on online resource; title from PDF front page (ebrary, viewed February 26, 2014) |
| Subject |
Consumer credit -- Korea
|
|
Debt -- Korea
|
|
Finance -- Korea
|
|
Financial services industry -- Korea
|
|
Consumer credit
|
|
Debt
|
|
Finance
|
|
Financial services industry
|
|
Korea
|
| Form |
Electronic book
|
| Author |
Schiff, Jerald A
|
| ISBN |
1462334598 |
|
9781462334599 |
|
1452763208 |
|
9781452763200 |
|
1451871139 |
|
9781451871135 |
|
9786612842061 |
|
6612842067 |
|
1282842064 |
|
9781282842069 |
|
