Households: indebtedness and debt service ratio

Tamás Balás ()
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Tamás Balás: Magyar Nemzeti Bank (the central bank of Hungary)

MNB Bulletin (discontinued), 2013, vol. 8, issue Special, 23-27

Abstract: Before the crisis, the over-indebtedness of households represented an ever growing risk. Over the past years, mostly due to a decline in credit demand, but also to some extent because of tighter lending conditions, households have taken a net repayment position. This, together with the option of early repayment at preferential exchange rates, has significantly reduced the portfolio of households’ outstanding foreign currency loans. Against this background, it is worthwhile to investigate the changes in household indebtedness and the debt service burden across various income brackets.

Keywords: households; indebtedness; debt burden (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2013
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