EU NEW MEMBER STATES HOUSEHOLDS‘ BANKING INDEBTEDNESS AND IT‘S IMPLICATIONS: AN OVERVIEW

Angela ROMAN () and Alina Camelia SARGU ()

Annales Universitatis Apulensis Series Oeconomica, 2011, vol. 2, issue 13, pages 28

Abstract: During the period previous to the crisis, most of the EU new member states fromour research (especially Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania,Poland and Romania) have registered a fast growth of the households indebtedness, whichhas lead to the extension of the vulnerabilities of this sector in front of some macroeconomicshocks. In this context, our research aim to especially comparatively underline the stylisedfacts about the indebtedness degree of the households from the analysed countries and themain effects generated by the fast growth of the banking debts of this sector. Through theundertaken analysis in our research we aim at underling the major importance which theinsurance of a sustainable household‘s indebtedness level has for the macroeconomic andfinancial stability of a country.

Keywords: households‘ indebtedness; new EU member countries; vulnerabilities; loans to households; global crisis (search for similar items in EconPapers)
JEL-codes: G21 E44 E51 R20 (search for similar items in EconPapers)
Date: 2011
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