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Measuring households' financial vulnerabilities from consumer debt: Evidence from Chile

Rodrigo Cifuentes, Paula Margaretic and Trinidad Saavedra

Emerging Markets Review, 2020, vol. 43, issue C

Abstract: This paper is concerned with measuring the financial vulnerability (FV) of households arising from consumer debt. Our case of application is Chile. Our main finding is that by applying a methodology that allows for households' heterogeneities and that accounts for contextual factors (like motives for asking for debt, exposure to shocks, family structure, holdings of assets and perspectives of future income), we better quantify the risks that financially vulnerable households may entail to the financial system.

Keywords: Consumer debt; Financially vulnerable households; Emerging markets; Financial stability; Cluster analysis (search for similar items in EconPapers)
JEL-codes: D12 D14 G20 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:43:y:2020:i:c:s1566014119302675

DOI: 10.1016/j.ememar.2020.100677

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