Sweden: Financial Sector Assessment Program Update: Technical Note on Household Indebtedness: Implications for Financial Stability

International Monetary Fund

No 2011/289, IMF Staff Country Reports from International Monetary Fund

Abstract: As in other advanced economies, there has been a significant run-up of household debt in Sweden during the last two decades accompanied by rising housing prices, prompting concerns about sustainability and the implications for financial stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes in the macroeconomic environment. The note explores implications for financial stability of household indebtedness as well as Sweden's specific institutional features to ensure resilience of the financial system.

Keywords: ISCR; CR; covered bond; mortgage; debt; interest rate; price; household debt; covered bonds bond market; house price; EU covered bond bond market; debt affordability; covered bond law; covered bond funding; covered bond holder; financial crisis; covered bond issuance; mortgage interest rates; Covered bonds; Housing prices; Mortgages; Housing; Loans; Global; Europe (search for similar items in EconPapers)
Pages: 23
Date: 2011-09-16
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Citations: View citations in EconPapers (3)

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