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

Publication Date: June 11, 2012
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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(s): Corporate sector | Credit risk | Domestic debt | Financial risk | Financial sector | Housing prices

Publication Date: June 11, 2012
ISBN/ISSN: 9781475504279/1934-7685 Format: Paper
Stock No: 1ESPEA2012004 Pages: 57
US$18.00 (Academic Rate:
US$18.00 )
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