Spain : Vulnerabilities of Private Sector Balance Sheets and Risks to the Financial Sector Technical Notes

Author/Editor:

International Monetary Fund

Publication Date:

June 11, 2012

Electronic Access:

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Summary:

This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the potential impacts from macroeconomic shocks using sensitivity and contingent claims analyses. The note analyzes the risks to the Spanish financial stability arising from household indebtedness. The analysis expands the use of microlevel data to assess household vulnerabilities, distinguishing between indebted and nonindebted households as well as accounting for the allocation of debt, debt service burden, and households’ income and assets.

Series:

Country Report No. 12/140

Subject:

English

Publication Date:

June 11, 2012

ISBN/ISSN:

9781475504279/1934-7685

Stock No:

1ESPEA2012004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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