A Generalized Framework for the Assessment of Household Financial Vulnerability
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Summary:
Household financial fragility has received considerable attention following the global financial crisis, but substantial gaps remain in the analytical underpinnings of household financial vulnerability assessment, as well as in data availability. This paper aims at integrating the contributions in the literature in a coherent fashion. The study proposes also analytical and estimation extensions aimed at improving the quality of estimates and allowing the assessment of household financial vulnerability in presence of data limitations. The result of this effort is a comprehensive framework, that has wide applicability to both advanced and developing economies. For illustrative purposes the paper includes a detailed application to one developing country (Namibia).
Series:
Working Paper No. 2017/228
Subject:
Debt burden Disposable income External debt Financial institutions Financial sector policy and analysis Financial sector risk Mortgages National accounts Personal income
English
Publication Date:
November 7, 2017
ISBN/ISSN:
9781484322352/1018-5941
Stock No:
WPIEA2017228
Pages:
56
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