Indicators for Analyzing the Risk Exposure of Enterprises and Households

Christian Beer () and Walter Waschiczek ()
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Christian Beer: Vienna University of Economics and Business Administration
Walter Waschiczek: Oesterreichische Nationalbank, Economic Analysis Division

Financial Stability Report, 2007, issue 14, 104-116

Abstract: This paper describes indicators that were developed to analyze the exposure of enterprises and households to financial risks. In this context, we distinguish three types of risk: interest rate risk, price risk and exchange rate risk. Our indicators measure risk exposure by the share of financial instruments exposed to these risks in the assets and liabilities of enterprises and households. Specific conceptual and technical problems arise when recording indirect investment via financial intermediaries. Statistics compiled by the Oesterreichische Nationalbank (OeNB) are used as the primary data basis. Although the indicators lack informative value at the micro level, they facilitate an analysis of corporate and household risk performance at the sectoral level.

Keywords: Risk analysis; nonfinancial corporations; households; exposure indicators; financial stability (search for similar items in EconPapers)
JEL-codes: E44 G30 (search for similar items in EconPapers)
Date: 2007
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