Consumer credit in the Czech Republic: What does its current growth imply for financial stability?

Václav Brož and Michal Hlaváček

Chapter Thematic Article 3 in CNB Financial Stability Report 2017/2018, 2018, pp 148-156 from Czech National Bank, Research and Statistics Department

Abstract: This article analyses structural changes in the evolution of consumer credit with regard to loan type, maturity category and extent of refinancing. We also examine changes in the interest rate distribution of consumer loans, which is multimodal. We go on to explore the determinants of consumer credit rates and identify growing competition and partially also easy monetary policy as the main determinants of the shift of the distribution of consumer credit rates towards lower client rates.

Date: 2018
ISBN: 978-80-87225-80-6
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Persistent link: https://EconPapers.repec.org/RePEc:cnb:ocpubc:fsr1718/3

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