Financial Risk of Uruguayan Households

Fernando Borraz and Nicolás González Pampillón ()
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Nicolás González Pampillón: Instituto de Economía de Barcelona & Universitat de Barcelona
Authors registered in the RePEc Author Service: Nicolás González-Pampillón ()

No 2015007, Documentos de trabajo from Banco Central del Uruguay

Abstract: The objective of this study is twofold. First, we simulate the impact on the finance of Uruguayan households of a negative income shock similar to the one experienced in 2002, finding that the financial risk is mild. We estimate a 175% increases in the number of households with financial burden higher than 0.75. Secondly, we analyze over indebtedness among Uruguayan households. We observe that some variables are correlated with the fact of being over indebted. Nevertheless, when using the burden financial ratio as dependent variable we find that few variables can significantly explain it.

Keywords: financial risk; over-indebtedness of households; financial survey; Uruguay; riesgo financiero; sobreendeudamiento de los hogares; encuesta financiera (search for similar items in EconPapers)
JEL-codes: C5 D14 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Financial Risk of Uruguayan Households (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:bku:doctra:2015007

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