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Housing Markets and Household Debt: Short-term and Long-term Risks

Sebastian Schich and Jung-Hyun Ahn

Financial Market Trends, 2007, vol. 2007, issue 1, 191-214

Abstract: High levels of household indebtedness have been considered one source of risk for households’ balance sheets and financial stability for some time now. Household debt has risen in many OECD countries, although there is great variation among them in terms of the levels and compositions of debt, the distribution of associated risks within the financial system and between the latter and the household sector.

Date: 2007
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