Sweden: Financial Sector Assessment Program Update: Technical Note on Household Indebtedness: Implications for Financial Stability
September 16, 2011
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As in other advanced economies, there has been a significant run-up of household debt in Sweden during the last two decades accompanied by rising housing prices, prompting concerns about sustainability and the implications for financial stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes in the macroeconomic environment. The note explores implications for financial stability of household indebtedness as well as Sweden's specific institutional features to ensure resilience of the financial system.
Subject: Covered bonds, Financial institutions, Housing, Housing prices, Loans, Mortgages, National accounts, Prices
Keywords: covered bond, covered bond funding, covered bond holder, covered bond issuance, covered bond law, Covered bonds, covered bonds bond market, CR, debt, debt affordability, EU covered bond bond market, Europe, financial crisis, Global, house price, household debt, Housing, Housing prices, interest rate, ISCR, Loans, mortgage, mortgage interest rates, Mortgages, price
Pages:
23
Volume:
2011
DOI:
Issue:
289
Series:
Country Report No. 2011/289
Stock No:
1SWEEA2011012
ISBN:
9781463903602
ISSN:
1934-7685
